Trump Mulls Sanctions on Russia’s Shadow Fleet Over Ukraine Ceasefire
The Trump administration is reportedly considering new sanctions targeting Russia’s so-called “shadow fleet” of oil tankers if President Vladimir Putin fails to agree to a ceasefire in Ukraine by Friday,…
Trump Ties Putin’s War to Falling Prices
U.S. President Donald Trump said Tuesday that a further drop in energy prices could force Russian President Vladimir Putin to end the war in Ukraine. “If energy goes down enough,…
Duke Energy To Sell 20% in Florida Arm for $6 Billion
U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash, part of which…
Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings, on the back of increased refining margins which helped it reverse a…
Trinidad Awards Seven Ultra-Deep Blocks to ExxonMobil
ExxonMobil and the government of Trinidad and Tobago have agreed terms under which the Caribbean nation will award seven ultra-deep exploration blocks to the U.S. supermajor, senior government officials familiar…
Australia Backs Smelters to Boost Critical Mineral Output
Australia’s federal government and the South Australian and Tasmanian state governments are injecting a funding package into two struggling smelters ultimately owned by commodity trading giant Trafigura to help them…
BP Tops Q2 Profit Estimate as CEO Vows To “Do Better” for Investors
Despite a drop in earnings from a year earlier, BP (NYSE: BP) beat the second-quarter profit estimates as its chief executive Murray Auchincloss said that the UK supermajor “can and…
Lower Oil Prices Drag Saudi Aramco’s Q2 Profit Down by 20%
The world’s top crude oil exporter, Saudi Aramco, reported on Tuesday a 20% decline in second-quarter earnings as lower oil prices weighed on revenues despite rising production in line with…
Mitsubishi Power completes landmark hydrogen usage project in Egypt
Power techs company Mitsubishi Power has completed a project that uses hydrogen as a fuel in an industrial boiler. According to the company, it is the first such project in…
Asahi Kasei proves high-purity biomethane technology in Japan
Technology and chemical company Asahi Kasei has completed a live trial of its zeolite-based biogas purification system in Kurashiki, Japan. The project, which started in , produced biomethane with yield…
