China Eases Order for Teapot Refiners to Keep Fuel Output High
China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East crisis. In the early…
Tensions Broil Again as Iran Hits US Mideast Allies
US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in the Islamic Republic in response – the latest flare-up to test…
Iraq, UAE, Saudi Arabia All Set for Major Oil Output Surge in 2027
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and…
HSBC Flags a Super-Squeeze In the Oil Market
The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices…
China Solar Makers Launch Space Energy Development Alliance
China’s solar manufacturing industry on Tuesday launched a so-called Space Energy Development Alliance as the Chinese solar sector looks to conquering new frontiers amid oversupply at home. At this year’s…
IEA: Global Oil Stocks on Track for Historical Lows Ahead of Summer Peak
The International Energy Agency (IEA) has warned that global oil markets could enter a “red zone” in July and August as rapidly depleting crude inventories coincide with the onset of…
JP Morgan Sees Increasing Monthly Oil Demand Losses
In a report sent to Rigzone recently by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at J.P. Morgan, including Kaneva, revealed that they were tracking increasing monthly global…
MHI advances tech that could boost biogas production by 40%
By 11 min ago 2 min read A system under development by Mitsubishi Heavy Industries (MHI) that could boost biogas generation by almost half has been verified by the Japan…
Plug sells $39.2m tax credits from Louisiana hydrogen liquification site
By 32 min ago 3 min read Plug Power has sold $39.2m of tax credits awarded to its 15-tonne-per-day hydrogen liquefication plant in Louisiana, US, as it looks to buoy…
Central Welding Supply acquires Washington gas equipment servicing company
By 55 min ago 1 min read US industrial gas and welding supplies company Central Welding Supply has acquired Washington-based gas and welding equipment servicing business Torch and Regulator Repair (T&R…
