US Crude Oil Inventories See Surprise Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million barrels in the week ending March 13—a surprise build of significant magnitude.…
Germany Moves to Cap Fuel Price Hikes as War Drives Costs Higher
Germany is clamping down on fuel price hikes amid war-driven oil volatility that is stressing Europe’s largest economy. The government approved draft legislation on Tuesday that would limit how often…
Japanese Refiner Idemitsu Moves Full-Scale into LNG Business
Japan’s petroleum refiner Idemitsu Kosan has committed $500 million to LNG investment company MidOcean Energy as part of MidOcean’s equity raise of $1.2 billion, as the Japanese refining giant is…
U.S. Eyes $1 Billion Payout to Scrap TotalEnergies Wind Projects
The Trump administration is weighing a $1 billion payout to compensate TotalEnergies for canceled offshore wind leases, reports suggest, making what would be one of the clearest financial unwindings of…
Airlines Push Back Against EU Synthetic Green Fuel Rules
The biggest airlines in Europe are seeking weaker EU rules on synthetic sustainable aviation fuel (SAF) amid very high costs and scarce supply of the fuel on the market, sources…
