Supertanker Rates Skyrocket as Asia Rushes to Replace Russian Oil
Supertanker rates on the route between the Middle East and China hit their highest in five years as traders sought alternatives to Russian crude, Bloomberg has reported, citing a daily…
Oil Prices on Edge as Russia-Ukraine Peace Talks Progress
Oil markets remained on edge early on Monday in early Asian trade, with all eyes on reports of potential progress in the Russia-Ukraine peace talks. At the same time, a…
G-20 Tries to Box In Critical Mineral Disruption
The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called for shielding the global critical-minerals value chain from “unilateral trade measures inconsistent…
APAC Conference preview
The Asia-Pacific (APAC) region is in the midst of its own twin transition, vigorously pursuing a path of increasing economic growth and trade influence on one hand while simultaneously establishing…
Venezuela Doubles Down on Energy Alliance with Russia
Venezuela’s Parliament has approved a 15-year extension of the country’s oil-producing joint ventures with Russian companies, Venezuelan Vice President Delcy Rodriguez said on Telegram as the South American country doubles…
Abu Dhabi Conglomerate Enters Bidding War for Lukoil Assets
International Holding Company (IHC) of Abu Dhabi has expressed interest to the U.S. Treasury to potentially acquire the international assets of Russia’s Lukoil, the UAE conglomerate told Reuters on Friday,…
European Natural Gas Plummets to 18-Month Low
Forecasts of milder weather in the weeks ahead and the proposed U.S. peace plan for Ukraine pushed down on Friday European benchmark natural gas prices to their lowest…
Equinor Secures Major 10-Year Gas Deal With Czech Republic
Equinor has started delivering natural gas to Prague’s gas and electricity company Pražská plynárenská under a 10-year long-term agreement for supplies into the Czech Republic, the Norwegian energy…
COP30 Drops Draft on Transition Away from Fossil Fuels
The COP30 climate summit is ditching an earlier draft of a roadmap to transition away from fossil fuels, according to the latest draft…
Less developed countries must leapfrog legacy oxygen systems, says GCE
Low-and-middle-income countries (LMICs) may benefit from skipping traditional, cylinder-heavy oxygen systems and adopt connected, opex-driven models from the outset, according to GCE’s Gareth Pemberton. Speaking during today’s gasworld webinar, he…
