Ukraine strikes Lukoil offshore oil platforms in Caspian Sea
(Bloomberg) – Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its…
Trump’s Venezuela oil ambitions face major stability hurdles
The U.S. special forces operation that captured Venezuelan leader Nicolás Maduro was executed smoothly after months of planning. What follows, however, is likely to be far more complex — complicating…
Best of 2025: Developments in concrete and carbon (August 2025)
Putting captured biogenic carbon dioxide to use is one of the best ways to develop carbon circularity in the global economy. And if that utilisation effectively sequesters the CO2, all…
Russian Oil Production Dips as U.S. Sanctions Bite
Russia’s crude oil production dipped to 9.326 million barrels (bpd) in December, down by over 100,000 bpd from November and nearly 250,000 bpd lower than Moscow’s OPEC+ quota, sources familiar…
Oil Prices Rise as Protests in Iran Escalate
Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply…
TotalEnergies Lands Key Offshore Exploration Permit in Lebanon
TotalEnergies has signed an agreement with Lebanon to obtain an offshore exploration permit in the eastern Mediterranean next to a block where it has started exploration, the French oil and…
Venezuela’s Oil in Floating Storage Soars to 29 Million Barrels
The volume of Venezuelan oil in tankers at sea has jumped to over 29 million barrels following the U.S. blitz to extract Nicolas Maduro out of Venezuela, up from 20…
Venezuela Fuel Oil Flows to U.S. Pushes Asian Premium to 8-Month High
The prospect of increased Venezuelan heavy crude and fuel oil flows to the U.S. Gulf Coast has upended the high-sulfur fuel oil (HSFO) market as far as Asia. The premium…
India’s Power Grid Faces Unprecedented Winter Surge
India saw a seasonal record power consumption in December, with peak demand surging very close to the summer levels, when electricity demand in the country is at its highest. Chillier…
Shell backs high-pressure electrolysis for industrial hydrogen
UK-based renewable hydrogen technology company Supercritical Solutions has signed a non-exclusive collaboration agreement with Shell Global Solutions International as it advances its electrolyser technology towards pilot-scale demonstration. Announced on 8…
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