Oil Prices Sink 4% as OPEC Moves to Balanced 2026 Outlook
Oil prices fell sharply on Wednesday after OPEC said it now expects the global market to be balanced in 2026, abandoning its earlier deficit forecast as non-OPEC production rises and…
China Looks to Expand Renewable Energy Use Beyond Electricity
China will aim to use more renewable energy such as green hydrogen and green ammonia to avoid curtailments of solar and wind power whose soaring capacity sometimes boosts clean power…
Oil Prices Plunge 2.5% as OPEC, IEA Outlooks Point to Softer Market
Oil prices tumbled on Tuesday, with Brent down 2.46% at $63.56 a barrel at 9:54 a.m. ET, and West Texas Intermediate (WTI) slid 2.64% to $59.43, as traders reacted to…
IEA flags significant threats to Russian oil production under tougher U.S. sanctions
(Bloomberg) – The International Energy Agency said there’s “considerable downside risk” to its outlook for Russian crude production from US sanctions, but held back from estimating the impact until it…
Chevron’s Five-Year Plan Prioritizes Superior Shareholder Returns
Chevron plans to grow its free cash flow into the next decade as it focuses on higher profits and returns to shareholders instead of growing oil and production, the U.S.…
Namibia Plans to Tighten Presidential Grip Over Its Oil Sector
Namibia, the southwestern African country that has become an exploration hotspot for the supermajors, is moving to consolidate control over the oil resources and nascent industry under the president’s office.…
TotalEnergies to Power Google Data Centers in Ohio
TotalEnergies has signed a 15-year Power Purchase Agreement (PPA) to supply Google data centers in Ohio with renewable electricity from a local TotalEnergies solar farm, the French supermajor said on…
U.S. Sanctions Widen Russia’s Crude Discount to $20 a Barrel
The discount of Russia’s flagship crude Urals to Brent has widened in recent days to the highest this year at $20 per barrel as the U.S. sanctions on Rosneft and…
India’s Top Refiner Looks to Buy Non-Sanctioned Russian Crude
India’s biggest state-held refiner, Indian Oil Corporation (IOC), is looking to buy non-sanctioned Russian crude oil for delivery in early 2026, a tender document seen by Bloomberg showed on Wednesday. …
Butler Gas Chairman honoured with IWDC’s top award
Jack Butler, Chairman of Butler Gas Products, a Pennsylvania-based industrial gas distributor, has been awarded the Bob Jackson Memorial Award by the Independent Welding Distributors Corporation. The award is in…
