US Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t Care
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5. Analysts had expected a 3.4…
BLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease Sale
The Bureau of Land Management has opened a 30-day public scoping period for a proposed December 2026 oil and gas lease sale in Colorado, putting more than 126,000 acres on…
QatarEnergy Adds Another Oil Discovery to Namibia’s Hot Streak
QatarEnergy has struck oil again offshore Namibia, adding another discovery to what is becoming one of the most impressive exploration runs in the industry. The company announced that its Merlin-1X…
Kuwait Offers First Crude Cargoes to Asia since Iran War Started
Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for the…
India’s Fuel Demand Falls 6.5%, LPG Consumption Drops 20%
India’s fuel consumption fell by 6.5% in May from a year earlier while sales of liquefied petroleum gas (LPG), a key cooking and industry input fuel, tumbled by 20% as…
India Eyes Russian Steelmaking Coal Assets
Indian state-controlled steelmakers are considering buying coking coal assets in Russia to boost the supply of the raw material that India designated as a critical and strategic mineral early this…
UK biogas AI platform lands £1m government prize
By 35 min ago 3 min read UK-based BiofuelAi has been awarded £1m ($1.3m) for AI-powered technology that could reduce carbon emissions by 293,000 tonnes per year. The prize money…
Technip and Airbus Create Sustainable Aviation Fuel JV
French energy and engineering firms have teamed up with Airbus to create a joint venture to develop a large-scale Sustainable Aviation Fuel (SAF) production project at the Port of Dunkirk…
World’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025
The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies amid…
Morgan Stanley Sees Asian LNG Prices Soaring to 3.5-Year High
Asia’s benchmark LNG prices are set to jump to the highest level in three and a half years in the second half of 2026 as demand is rising amid high…
