Japanese Refiner Idemitsu Moves Full-Scale into LNG Business
Japan’s petroleum refiner Idemitsu Kosan has committed $500 million to LNG investment company MidOcean Energy as part of MidOcean’s equity raise of $1.2 billion, as the Japanese refining giant is…
U.S. Eyes $1 Billion Payout to Scrap TotalEnergies Wind Projects
The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making what would be one of the clearest financial unwindings of…
Airlines Push Back Against EU Synthetic Green Fuel Rules
The biggest airlines in Europe are seeking weaker EU rules on synthetic sustainable aviation fuel (SAF) amid very high costs and scarce supply of the fuel on the market, sources…
Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver
Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the U.S. sanctions on Rosneft and Lukoil, as China aims to…
UAE Halts Shah Gas Field After Iranian Drone Attack
The United Arab Emirates has suspended operations at a key natural gas field in Abu Dhabi following the first direct attack on a producing field in the UAE as Iran…
Oil Price Shock Forces India’s Top Refiners to Suspend Fuel Credit
India’s state-controlled refiners and retailers are requesting advance payments for the fuel they are supplying to fuel stations as the Middle East war chokes supply to the world’s third-largest crude…
Iraq Negotiates with Iran to Reopen Vital Oil Shipping Route
The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul…
