Japan Raises Fuel Subsidies to Offset Tax Cuts
Japan will gradually increase fuel subsidies for households until it scraps the gasoline and diesel taxes at the end of this year and in April next year, with subsidies intended…
Renewable Energy Boom Drives Up India’s Power Transmission Costs
India’s renewable energy boom is leading to soaring transmission costs as the country’s transmission network is being built on estimates of potential renewable power generation not on actual capacity or…
U.S. Sanctions on Russia Lead to Puzzling Oil Cargo Transfer Off India
Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as…
Renewable Energy Boom Drives Up India’s Power Transmission Costs
India’s renewable energy boom is leading to soaring transmission costs as the country’s transmission network is being built on estimates of potential renewable power generation not on actual capacity or…
Hungary Makes Historic Switch to American Nuclear Fuel
Hungary will buy U.S. nuclear fuel for the first time to use at a Russia-built nuclear power plant in the country, Hungarian Foreign Minister Peter Szijjarto said ahead of a…
China’s Crude Imports Jump as Other Commodity Purchases Falter
Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in October by 8.2% from a year earlier and by 2.3% month-on-month, while purchases of…
Petrobras Hikes Dividend as Production Surge Offsets Lower Oil Prices
Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a…
Oil Market Appears ‘Torn’
The oil market appears “torn”. That’s what Standard Chartered Bank Energy Research Head Emily Ashford outlined in a report sent to Rigzone by the Standard Chartered team this week, which…
Petronas receives Malaysia offshore CCS permit
A subsidiary of multinational oil and gas firm Petronas has been granted an offshore assessment permit for carbon capture and storage (CCS) in the Duyong area of Malaysia. The Malaysia…
Greek project to showcase first end-to-end CO2-to-fuel system at refinery
A new European project will bring together 16 partners from eight countries to demonstratehow advanced carbon capture and utilisation technologies can turn industrial CO2 emissions into clean fuels. The four-year…
