Qatar Prepares LNG Comeback Ahead of Hormuz Reopening
Qatar has started to return LNG tankers back to the Middle East in anticipation of an imminent reopening of the Strait of Hormuz that would allow the world’s second-biggest LNG…
China’s Gasoline Car Market Is Crashing as Fuel Prices Surge
Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up…
China Bets on Ultra-Deep Shale Gas to Boost Energy Security
China’s state-owned oil and gas major and top refiner Sinopec is ramping up exploration in the shale formations of the Sichuan basin with a view to increasing the country’s shale…
Oil Tankers Reverse Course on Hopes of Hormuz Reopening
Two tankers that were heading to Africa have changed course and are now moving to the Middle East, Bloomberg reported today, citing ship-tracking data. One of the tankers, a Suezmax,…
US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5…
Oil Prices Crash as Traders Bet the War Is Over
The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders…
Air Liquide to support 90,000 Spanish patients with AI-enabled homecare
By 34 min ago 3 min read Industrial gas major Air Liquide has secured a four-year homecare contract in Spain’s Valencia region that will see it provide more than 90,000…
Sicily’s first green hydrogen project gets green light
By 57 min ago 2 min read Energy company Duferco Energia has received environmental approval from Sicilian authorities to build the island’s first green hydrogen facility. Supported with €10m ($11.6m)…
Quantum computing startup claims electron-on-helium breakthrough
By 10 min ago 2 min read US-based quantum computing startup EeroQ is claiming a breakthrough in electron-on-helium use in production processes. To date there have been six major approaches…
Kanata and Hanwha Ocean advance Canadian FLNG project
By 11 min ago 2 min read Canadian energy company Kanata Clean Power and Climate Technologies (Kanata) and South Korean shipbuilder Hanwha Ocean have signed a deal to advance a…
