Envision adopts book-and-claim system for 500MW Chinese green ammonia plant
By 12 min ago 2 min read Chinese green tech firm Envision Energy is using a book-and-claim system to sell green hydrogen-based ammonia from its 500MW plant in Chifeng. The…
TotalEnergies Q1 profit buoyed by LNG production
By 33 min ago 2 min read French major TotalEnergies posted a $5.4bn net income in Q1, bolstered by a 12% jump in liquefied natural gas (LNG) production and trading…
Hyroad secures full output from Texas hydrogen station with on-site production
By 47 min ago 3 min read Hydrogen trucking coordinator Hyroad Energy is working with Total Hydrogen Solutions (THS) to establish a Texas refuelling station with on-site electrolytic production capacity.…
Germany Scrambles for Polish Oil Route as Russia Halts Druzhba Flows
Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Druzhba pipeline starting May…
Higher Oil Prices Lift Sinopec Profit 28% in First Quarter
China’s top refiner posted a strong first quarter as higher crude prices lifted inventory values and stable domestic fuel sales helped to offset pressure from disrupted Middle East supply. China…
Crude Inventories Continue to Decline Amid Strong Oil Product Draws
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week ending April 24. In the week prior, US…
Trump Readies for Prolonged US Blockade of Hormuz
President Donald Trump told his aides to prepare for an extended US Naval blockade of the Strait of Hormuz, the Wall Street Journal reported, as the US looks to intensify…
EU Urges Southeast Asia to Diversify Oil Supply without Leaning on Russia
The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than Russia, the EU’s foreign policy chief Kaja Kallas said on…
After Record $19.50 Premium, Saudi Arabia Eyes Sharp Cut to June Asia Prices
The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the…
Oil Prices Dip as Trump Claims Iran is in “State of Collapse”
President Donald Trump posted on Truth Social Tuesday that Iran had “informed” his administration it was in a “state of collapse” and urgently wanted the Strait of Hormuz reopened. “Iran…
