Oil Jumps 2% on Fed Easing Signals, Ukraine Drone Strikes
Crude prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure.…
Kazakhstan Insists Oil Majors Pay $4.4 Billion Fine Despite Court Win
Kazakhstan insists that the international oil majors pay a hefty $4.4 billion fine for sulfur pollution despite a court win for Big Oil earlier this month. At the beginning of…
China Accelerates Coal Plant Commissioning to 9-Year High
Despite record solar and wind capacity additions and booming renewable energy output, China is not giving up on coal, on the contrary. During the first half of 2025, China commissioned…
Northern Lights Project Achieves Major Carbon Storage Milestone
The Northern Lights carbon capture and storage project (CCS) has stored the first volumes of carbon dioxide offshore western Norway, the three oil and gas majors leading the project said…
New Permian Pipeline Project Addresses Growing Gas Demand
ONEOK, Inc., MPLX LP, Whitewater, and Enbridge Inc. announced a new natural gas pipeline project to transport gas from the Permian Basin to the U.S. Gulf Coast. The Eiger Express…
Ørsted Shares Plummet After U.S. Offshore Wind Project Halted
Shares in Ørsted tumbled to their lowest level on record on Monday as investor concerns about the world’s biggest offshore wind project developer grew following a stop-work order on a…
Equinor Uncovers New Oil and Gas in North Sea
Equinor has discovered additional oil and gas resources near the huge operating Troll field in the North Sea, the Norwegian energy major said on Monday. The discovery, 9 km (5.6…
China’s Coal Imports Set to Climb This Month
China’s thermal coal imports are set for a substantial rise this month, reaching 25.63 million tons, which would be the highest monthly increase since last December, Kpler reported, as cited…
Data Center Operators Rush to Secure Gas Connections in the UK
Data center developers in the UK are scrambling to get their facilities hooked to gas-fired generation capacity, the Financial Times has reported, citing five such projects planned for southern England.…
Brent Oil Slips to Rare Discount to Dubai Crude Benchmark
Fears of a coming oversupply are weakening the Brent futures structure, while increased appetite for Middle Eastern crude is supporting the key benchmark prices that the top oil-producing region uses…
