Pakistan’s Power Generation Costs Jump 38% on Record Spot LNG Buys
Power generation costs in Pakistan surged by 38% in July from a year earlier as the country paid the highest spot LNG prices in four years amid the supply disruption…
Houthis Claim Third Attack on Saudi Aramco Refinery in Two Weeks
The Iran-aligned Houthi group on Tuesday claimed it had targeted Saudi Aramco’s Jazan oil refinery on Red Sea coast in southwest Saudi Arabia, in what was the third Houthi attack…
Brent Tops $91 After Unidentified Projectile Hits Vessel Transiting Hormuz
A cargo vessel was struck by an unknown projectile in the Strait of Hormuz early on Tuesday local time as risks of additional escalation in the region pushed Brent Crude…
China Boosts Fuel Exports as Domestic Stockpiles Swell
China exported 6.7% more fuel last month than it did in June, although on an annual basis fuel exports dropped by 12.9%, Reuters reported today, citing Chinese customs data. In…
Libya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd
Libya needs between $36 billion and $40 billion in foreign investment to expand its oil industry and raise output to 2 million barrels daily by the early 2030s, the Financial…
U.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records
Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East even more distant, driving crude oil prices higher. Meanwhile, the diesel crack…
10 minutes with… Airgas and Air Liquide North America CEOs
10 minutes with… Airgas and Air Liquide North America CEOs | Feature © Shutterstock By 27 min ago 1 min read gasworld takes 10 minutes out with Marcelo Fioranelli, CEO…
Will Oil Prices Keep Rising?
Will oil prices keep rising as Iran tensions threaten global crude supply? This was the question Naeem Aslam, CIO at Zaye Capital Markets, asked in a market analysis sent to…
UCLR completes first hot fire of cryogenic LOX engine
By 15 min ago 2 min read UK-based student rocketry team UCL Rocket (UCLR) has completed the first successful hot-fire test of its seven kilonewtons (kN) cryogenic, regeneratively cooled rocket…
Analysis: The key role of LNG in the UK North Sea debate
The UK North Sea drilling debate – where a decision on Rosebank and Jackdaw fields is believed to be imminent – is invariably presented as a simple binary choice: we…
