Trump to Order Pentagon to Buy Coal Power for National Security
President Donald Trump is set to announce an executive order directing the Pentagon to buy electricity from coal-powered plants, Bloomberg reported, citing an unnamed White House official. The order will…
TotalEnergies Seizes Full Control of Lukoil Refinery in Netherlands
French supermajor TotalEnergies has taken full control of a refinery in Zeeland, the Netherlands, which it co-owned with Russia’s Lukoil, Reuters has reported, citing two unnamed sources. TotalEnergies had acquired…
Siemens Boasts Record Gas Turbine Demand
Record demand for gas turbines has pushed Siemens Energy’s order book to an all-time high as well, amid soaring electricity demand that, it appears, cannot be entirely met with new…
US Crude Oil Inventory Build Pressures Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a whopping 13.4 million barrels in the week ending February 6, and more than…
German Oil Refinery Sounds Alarm Over U.S. Sanctions Risk
Germany’s uneasy energy truce with Washington is starting to fray, and the pressure point is a single refinery that keeps Berlin moving. Managers at the PCK Schwedt refinery, majority-owned by…
