Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, as Asian technology stocks boosted…
Indian Refiners Seek 6 Million Barrels of Spot Crude
Indian state-controlled oil refiners continue to search the market for spot crude supply as term deliveries are constrained by the ongoing crisis in the Middle East and its key oil…
IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter
The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait…
USA Oil, Gas Workforce Hits Lowest Level in Years
The number of employees in the oil and gas extraction industry hit its lowest level so far in 2026, and the lowest level in years, data on the U.S. Bureau…
Captured CO2 used to develop recyclable plastics
By 36 min ago 3 min read Researchers at Colorado State University (CSU), the US, have developed a process that uses carbon dioxide (CO2) to produce strong, flexible and recyclable…
Tanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized
Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in a claim that appears not…
Drone Attack Hits Power Plant at Key Libyan Oil Hub
A drone has struck a power station at the Zawiya oil export terminal in Libya, suggesting continued attacks on one of the country’s main oil hubs. The power plant is…
Russia Imports Indian Fuel as Refinery Crisis Deepens
Russia has started importing fuels from India, Bloomberg reported today, citing Kpler data that shows one cargo of 42,000 tons of gasoline from Nayara Energy’s Vadinar refinery arriving in Russia…
US Crude Oil Inventories See Surprise Build: API
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.072 million barrels in the week ending August 7, compared to analyst expectations for…
UK Warns of Tighter Power Margins During Eclipse
The UK could see a power supply margin shortfall during the solar eclipse on Wednesday amid high demand in the new heatwave that is sweeping through Britain and the rest…
