Wood Mackenzie Says Big Oil’s Strategy Has Snapped Back to Upstream
If there was any lingering doubt about what’s keeping Big Oil executives up at night, the fourth-quarter results cleared it up. It’s not slogans. It’s not transition optics. It’s whether…
FT Uncovers $90 Billion Russian Oil Smuggling Operation
Nearly fifty seemingly separate companies have been involved in coordinating to mask the origin of Russian oil, moving crude worth at least $90 billion, an investigation of the Financial Times…
U.S.-Iran Tensions Threaten to Send Oil Tanker Rates Soaring
The ratcheting up of tensions between the United States and Iran could push an already red-hot supertanker market even higher with rates soaring to the highest level since 2019, analysts…
UK Plans to Cut Carbon Costs for Refineries after Closures
The UK government is drawing up a strategy to protect its remaining oil refineries from rising carbon prices, after two sites closed. The Department for Energy Security and Net Zero…
China Hikes Russian Crude Imports as India Retreats
A jump in China’s crude oil imports from Russia is more than compensating the withdrawal of the Indian refiners from spot Russian purchases, according to tanker-tracking data compiled by Bloomberg. …
Tullow Oil Strikes Major Refinancing Deal with Glencore
Tullow Oil, a London-listed firm focused on oil and gas developments in Africa, has extended debt maturities by two and a half years in a major refinancing agreement with the…
AI Boom Faces Power Crisis Without Global Renewable Surge
The global AI and data center boom will need acceleration of renewable energy rollout to avoid plunging millions of people into energy poverty as power bills jump, the founder of…
