Shell Signs LNG Deal to Boost Supply to Southern Europe
Shell and Greek energy and metals firm Metlen have signed a cooperation deal for LNG supply and trading, which would boost deliveries to Greek import terminals and supply to southern…
Trump Slaps 126% Tariff on Indian Solar Panels in Escalating Trade Fight
President Trump announced a massive new tariff hit on India, saying imports of solar panels to the United States would be subject to tariffs of 126%. The move was motivated…
Indian Refiners Pivot From Russian to Venezuelan Crude
Reliance Industries has bought its first cargo of Venezuelan crude since 2023 from Chevron, Reuters has reported, citing shipping data, amid growing appetite from Indian refiners for non-Russian oil supply.…
EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years
In its latest short term energy outlook (STEO), which was released on February 10, the U.S. Energy Information Administration (EIA) projected that U.S. total energy consumption will remain below 2025…
U.S. Crude Stockpile Surge Weighs on Oil Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels…
