Hopes rise on Strait of Hormuz deal
By 41 min ago 2 min read Hopes for the resumption of shipping through the Strait of Hormuz have been raised with the prospect of an imminent deal between US,…
PowerCell to supply German cruise ship decarbonisation project
By 37 min ago 2 min read Swedish fuel cell maker PowerCell will supply two marine methanol-to-power systems to the German Aerospace Centre’s testing facilities in Kiel, Germany, under a…
India Hopes To Take Over Operation Of Venezuelan Oil Fields From PDVSA
India’s ONGC is poised to take over operation of two Venezuelan oil projects from state-owned PDVSA, which would give the Indian producer direct operational control over assets of the world’s…
Hormuz Draft Agreement Reportedly Awaits Khamenei Approval
Oil markets are awaiting a decision from Iran’s supreme leader after Iranian and Omani negotiators reportedly completed a draft agreement that could reopen the Strait of Hormuz, the main export…
India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan
Just a day after details emerged of India’s plans to expand strategic crude oil storage, new reports claim New Delhi is considering a new funding mechanism that would shift part…
Helix Keyes Helium Complex starts producing revenue
Keyes helium plant / ©The Center for Land Use Interpretation You’ve read 1 of 1 of your free articles this month. By 7 min ago 2 min read US helium…
Hormuz Bottleneck Pushes Indian Refiners Toward West African Grades
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term supplies from the Middle East remain choked by…
Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said. The Hormuz crisis that cut…
Houthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red Sea
The Iran-aligned Houthi group in Yemen on Wednesday claimed a “precise hit” on a Saudi oil tanker in the Red Sea, Houthi military spokesperson Yahya Saree said. “The Yemeni Armed…
Oil Price Rally Boosts Glencore’s First-Half Profit
Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as…
