Michigan Judge Tosses State’s Antitrust Suit Against Big Oil
A district judge in Grand Rapids has dismissed a lawsuit brought against several oil supermajors that accused the companies of conspiring to interfere with competition in alternative energy and electric…
South Korea Aims to Cut Middle East Crude Reliance to 50% by 2035
South Korea will try to cut its reliance on Middle East crude imports to 50% by 2035, Reuters has reported, citing the country’s industry ministry. The ministry has drafted a…
Trump Backs Diesel Export Ban as Prices Hit Record Highs
President Trump has declared his support for a potential ban on diesel fuel exports amid record-breaking prices at the pump. “I’ve said let’s not send out the diesel. We make…
100MW Hamburg green hydrogen project opens call for offtake interest
By 54 min ago 2 min read The 100MW Hamburg Green Hydrogen Hub is seeking offtakers with “concrete or planned” demand ahead of the project’s expected 2027 commercial launch. The…
A Critical Week for Oil
In a report sent to Rigzone on Tuesday by the Macquarie team, Macquarie strategists, including Thierry Wizman, Global FX and Rates Strategist at Macquarie Group, noted that this was a…
TotalEnergies approves gas development for Nigeria LNG liquefaction plant
By 41 min ago 2 min read Multinational TotalEnergies and Nigerian partner Amni have taken final investment decision (FID) on the development of the Ima gas field in Nigeria. Located…
Aramco eyes new gas division and LNG push
By 43 min ago 3 min read One of the curiosities of Saudi’s energy arsenal is the lack of an LNG import or export terminal. But that may be about…
US Gasoline, Distillate Inventories Continue to Fall as Crude Stocks Hold
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 1.786 million barrels in the week ending September 18. In the week prior, US…
India’s Russian Oil Imports Slide as Refiners Hunt for Alternatives
India’s imports of Russian crude fell 16.5% in August and are expected to decline again in September, just as a new U.S. sanctions law gives Washington authority to hit major…
Saudi Arabia Restarts East-West Oil Pipeline
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz.…
