India Cuts Fuel Taxes and Curbs Exports as Oil Crisis Deepens
India on Friday moved to protect its fuel supply and consumers by reducing domestic taxes on gasoline and diesel and imposing a levy on fuel exports. In view of the…
Cyclone Causes Outages at Australia’s Top LNG Projects
A cyclone has disrupted operations at a total of three LNG facilities in Australia, including Chevron’s Gorgon and Wheatstone, worsening an increasingly severe global LNG supply crunch. Santos was the…
Japan Considers Switch From LNG to Coal
Japan is considering ramping up coal-fired power generation amid a liquefied natural gas crunch that has led to significantly higher prices. Per a proposal drafted by the economy ministry, the…
Oil Markets Price In Peace, but the Upside Risk Remains
Crude oil prices were set for a sharp decline this week despite ongoing hostilities in the Middle East, as traders pinned their hopes on President Trump’s statements suggesting the war…
