Global Fuel Oil Shortage Deepens as Middle East and Russia Supplies Collapse
Global fuel oil supply is shrinking while demand for the fuel from the shipping industry remains robust, suggesting further supply pain down the road. Exports of high-sulfur fuel oil from…
Oil Prices Head for Weekly Gain as Hormuz Attacks Rattle Markets
Crude oil prices were on course to book a weekly gain earlier today, amid continuing Iranian strikes on tankers in the Strait of Hormuz and a substantial inventory draw in…
Ukraine Strikes Major Russian Oil Refinery
It took Ukraine just hours to turn President Volodymyr Zelenskyy’s “we’re done” into a refinery fire. Ukrainian drones struck Russia’s Ryazan refinery on Thursday, ending Kyiv’s brief pause in attacks…
When Will Global Gas Demand Peak?
When will global gas demand peak? According to a statement sent to Rigzone by the GlobalData team this week, the answer to that question is – not before 2035. “Global…
Moeve and ENSO partner on biomass and renewable gases
By 35 min ago 2 min read Spain-based energy company Moeve and biomass-based solutions developer ENSO have agreed to develop biomass and renewable gas solutions to help energy-intensive industries replace…
Helix cleared to restart Montana helium production at Rudyard
By 5 min ago 2 min read Helium exploration company Helix Exploration can restart operations at its Rudyard facility in Montana with immediate effect, after securing an exemption from the…
Linde to build 200,000-tonne CO2 capture plant in Sweden
By 36 min ago 2 min read Linde Engineering will build and commission a 200,000 tonne per year carbon capture plant at a Swedish waste-to-energy facility, with carbon dioxide (CO2)…
IEA Speeds Emergency Oil Release
The International Energy Agency will release more than 20 million barrels of diesel as soon as possible and accelerate the rest of its emergency oil draw, Total releases are now…
Pakistan Faces Winter Gas Shortages if Hormuz LNG Remains Choked
Pakistan faces challenging winter months with potential natural gas shortages as the Qatari and UAE LNG flows from the Strait of Hormuz remain severely disrupted, the head of the Pakistani…
Europe’s Gas Prices Close to 2022 High as Hormuz LNG Flows Remain Limited
Europe’s benchmark natural gas prices remain close to their highest levels since the end of 2022 as the lack of LNG supply from Qatar compounds the EU problem of filling…
