Pakistan PM: Oil Import Costs Up 167% Since Iran War Began
Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran from around $300…
Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge
In an earnings season highlighted by a Middle East conflict that has sent oil prices soaring, Texas oil refiner Phillips 66 (NYSE:PSX) has reported first quarter adjusted earnings of $0.49…
Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays.…
EU Warns Energy Crisis From Iran War Could Last Years
The new energy crisis triggered by the Middle East conflict could hurt European consumers and industries for years, European Commission President Ursula von der Leyen said on Wednesday. “Our shared…
OPEC Will Survive UAE Exit, But Medium-Term Supply Threat Is Real
The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit of one of the biggest producers, the United Arab Emirates (UAE), according…
U.S. Doubles Down on Hormuz Blockade to Choke Iran’s Oil Exports
The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and…
Air Products advances gas-chemicals and hydrogen talks in Kazakhstan
By 1 hour ago 2 min read Industrial gas company Air Products is exploring joint gas-to-chemicals and hydrogen projects in Kazakhstan following talks between its President of Europe and Africa,…
HyNet group vies for £500m government hydrogen pipeline funding
By 22 min ago 3 min read A 20-strong industry group has urged the UK government to back the HyNet cluster’s planned regional hydrogen network in the Northwest of England…
NewHydrogen and NuCube explore nuclear-powered hydrogen production
By 36 min ago 2 min read Clean technology specialist NewHydrogen has partnered with nuclear microreactor developer NuCube Energy to explore using advanced nuclear technology for high-temperature hydrogen production in…
Stalemate in USA-Iran Conflict Continues
The stalemate in the U.S.-Iran conflict has continued for a further week with no clear resolutions on either side, Standard Chartered Bank Head of Energy Research Emily Ashford said in…
