USA Emerges as World’s Hydrocarbon Superpower
The U.S. has emerged as the world’s hydrocarbon superpower, exemplified by its meteoric rise in the liquefied natural gas (LNG) market. That’s what Wood Mackenzie (WoodMac) said in a statement sent to…
Global Coal Exports Poised for First Annual Decline Since 2020
Global thermal coal exports are set for their first annual decline since 2020, mostly thanks to lower demand in Asian markets. Global thermal coal exports for the year are seen…
China Quietly Steps Up Crude Stockpiling as Imports Surge
China bought more crude oil for storage last month, with the average daily at some 1.88 million barrels, according to calculations made by Reuters energy columnist Clyde Russell. Russell reported…
U.S. Treasury Blocks Bid for Lukoil’s Foreign Assets
The U.S. Treasury Department has rejected a bid by a group of companies led by investment bank Xtellus Partners to buy the foreign assets of Russia’s Lukoil, Reuters has reported,…
Venezuela Reports Oil Export Outage after Cyberattack
Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend. Petroleos de Venezuela SA’s network, which manages…
SWISS commits to buying Synhelion synthetic SAF
Swiss International Air Lines has committed to purchasing at least 200 tonnes per year of synthetic sustainable aviation fuel (SAF) produced by Swiss clean-tech company Synhelion, as part of a…
Oil Prices Slip as Ukraine Peace Talks Progress and China’s Economy Stalls
Oil prices were under pressure in early Asian trading on Tuesday as growing optimism around Russia-Ukraine peace talks and disappointing economic indicators out of China undercut market sentiment, reinforcing downside…
ExxonMobil Unveils Graphite Invention To Extend EV Battery Life By 30%
Exxon Mobil Corp. (NYSE:XOM) has invented a type of graphite that can extend the life of electric-vehicle batteries by as much as 30%, pushing the oil major further into advanced…
ICE To Expand Europe’s Gas Futures Trading Amid Surging U.S. LNG Demand
The Intercontinental Exchange (ICE) has revealed plans to extend trading hours for its European gas and power futures to match the 22-hour trading cycles of the United States’ Henry Hub…
QatarEnergy signs 15-year helium supply deal with Buzwair
Qatar-based industrial and specialty gas supplier Buzwair Industrial Gases has signed a 15-year contract to purchase 20 million cubic feet of helium annually from QatarEnergy. The supply of helium has…
