China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refinery…
US Crude Oil, Gasoline Inventories Still Falling
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 564,000 barrels in the week ending July 10. In the week prior, US crude…
Dangote’s Dollar Shift Reveals Nigeria’s Bigger Oil Problem
Africa’s biggest refinery has started pricing fuel in U.S. dollars because Nigeria can’t supply enough Nigerian crude to keep it running. Dangote Petroleum Refinery, which can process 700,000 barrels of…
New York Imposes First Ever Moratorium On U.S. Data Centers
New York Governor Kathy Hochul has signed the country’s first-ever executive order imposing a statewide moratorium on new large-scale data centers for up to one year. The order freezes the…
Ukraine Intensifies Attacks on Russian Tankers in the Black Sea
After striking 116 vessels linked to Russia’s shadow fleet in the Sea of Azov in recent weeks, Ukraine’s military is turning its sights on ships in the Black Sea, hitting…
Entergy and MHI Group explore carbon capture opportunities
By 1 hour ago 2 min read Louisiana-based integrated energy firm Entergy and Mitsubishi Heavy Industries (MHI) Group companies, including Mitsubishi Heavy Industries America (MHIA) and Mitsubishi Power Americas, are…
Shell takes FID on Bahamas LNG regasification terminal
By 25 min ago 2 min read Multinational energy firm Shell has announced final investment decision on a liquefied natural gas regasification terminal in The Bahamas. The investment includes acquiring…
SOL makes first entry into Nordic market with healthcare buyout
By 57 min ago 2 min read Italy-based industrial gases multinational SOL Group has acquired Danish respiratory care specialist Nowus Healthcare in a move that will expand its homecare business…
BMI Says Outlook for Oil Prices in Q3 Now Highly Uncertain
The outlook for oil prices in the third quarter of 2026 is now highly uncertain, analysts at BMI warned in a BMI report sent to Rigzone by the Fitch Group…
LNG Canada signs C$1bn Indigenous equity deal
By 37 min ago 2 min read LNG Canada and its joint venture partners have signed an equity option agreement giving MNT Investments LP the option to invest up to…
