ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease
ADNOC, the national oil company of Abu Dhabi, has cut the official selling price for July for its flagship Murban crude to $101.48 per barrel, down from $104.44 a barrel…
Conservatives Demand Repeal of Biofuel Blending Quotas
Nearly three dozen conservatives – including longtime allies of President Donald Trump – are pushing the House to overturn biofuel-blending quotas imposed by his administration, arguing they are stoking consumer costs before…
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the…
$70 Oil Could Put India Back on Track for 7% Economic Growth
India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70…
Iraq Could Quit OPEC in Bid to Pump More Oil
OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources…
Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices
President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging…
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg…
Natural Gas Prices Set to Ease as Qatar Restores LNG Output
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries…
China to Increase Fuel Export Allowances for July
China is raising the volume of fuels it is allowing state refiners to export, in a move that would alleviate concerns about tight refined petroleum supplies in Asia. China’s authorities…
Fuel cell investment by data centres to reach $30bn by 2030
By 7 min ago 3 min read Energy-hungry data centres developers are turning more to on-site fuel cells with investment set to rise tenfold to $30bn by 2030, according to…
