EU Fixes 2028 Deadline for Russian Energy Exit, Rejecting Trump’s Demands
The European Union announced on Thursday that it will lock in its deadline to phase out Russian oil and gas imports by January 1, 2028, holding firm even as Washington…
Oil Tanker Rates Staging A Comeback
Tanker markets staged a comeback in August, and this time the rebound wasn’t subtle. Suezmax rates shot up 34% month-on-month, according to OPEC’s latest Monthly Oil Market Report published on…
Oil Demand Holds Steady, Supply Debate Heats Up
OPEC’s view of global oil demand growth was left unchanged as of today’s September Monthly Oil Market Report, at 1.3 million bpd for 2025, with non-OECD economies once again doing…
Major Aussie LNG Plant Gets 40 More Years
Australia’s first and largest liquefied natural gas plant cleared the final hurdle to operate until 2070, after an almost seven-year process during which operator Woodside Energy Group Ltd. faced opposition…
Conquering ‘last mile’ medical oxygen needs with O2 Cubes
A staggering 5 billion people – over 60% of the world’s population – lack access to safe, affordable medical oxygen services according to the Lancet Global Health Commission. In the latest 1895 podcast, Mark…
Saudi Crude Sales to China Set for October Jump amid Deep Price Cut
Saudi Arabia’s crude shipments to China are expected to rebound in October to a level with the August volumes of more than two-year highs, after Saudi state oil giant Aramco…
India Plans Massive Carbon Capture Incentives as Coal Remains King
India is set to launch a nationwide carbon capture and storage program with government incentives of up to 100% of funding for some projects as it aims to reduce emissions…
Iraq Eyes New Oil Export Route Through Oman
Iraq plans to build an oil pipeline to Oman as OPEC’s second-largest producer seeks to boost exports and diversify export routes for its crude out of the Middle East. Iraq…
Russian Oil Revenue Crashes To Multi-Year Low
Russia’s crude and fuel export revenue slumped by $920 million in August compared to July, the International Energy Agency (IEA) estimates in its latest monthly report. The discounts of Russian…
Saudi Arabia Offers Deeper Crude Discounts to Asian Buyers
Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude exporter slashed its prices for Asia for next month, Reuters reported on…
