Oil Prices Fall as Trump Launches “Project Freedom” and OPEC+ Increases Output
Oil prices edged lower in early Asian trading on Monday after President Trump announced the U.S. would guide ships through the Strait of Hormuz and OPEC+ confirmed a modest output…
‘Lab-on-a-chip’ device could speed up CO2-to-fuels
By 28 min ago 3 min read A device developed by researchers at the University of Surrey in the UK could accelerate the development of cleaner fuels and energy technologies.…
US to Guide Trapped Ships through Hormuz
President Donald Trump said the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting Monday. “The Ship movement is merely…
Centrica looks to Delta for SOFC systems for European data centres and industry
By 51 min ago 2 min read UK energy firm Centrica is teaming up with Taiwan’s Delta Electronics to roll out solid oxide fuel cell (SOFC) power systems in the…
Venezuela Oil Exports Hit Seven-Year High
Venezuela’s oil exports rose to 1.23 million barrels per day (bpd) in April, the highest level since 2018, as shipments to the United States, India, and Europe accelerated. Exports climbed…
Chevron Earnings Top Estimates While Refining Swings to Loss
Chevron beat first-quarter expectations as higher oil prices lifted upstream earnings, offsetting a sharp swing to losses in refining. Adjusted earnings came in at $1.41 per share, well above expectations.…
Ukraine Hits Russian Black Sea Oil Port Four Times in One Week
Russia’s Black Sea port of Tuapse was targeted and hit by a new Ukrainian drone strike early on Friday, in the fourth attack on the port in just one week…
ADNOC to award $55 billion in projects as UAE pushes oil growth strategy
(WO) – Abu Dhabi National Oil Company (ADNOC) has outlined plans to award up to $55 billion in projects between 2026 and 2028, signaling an acceleration of upstream and broader…
Syria Still Leans on Russia for Oil Supply
Russia remains Syria’s top oil supplier and has even boosted its sales so far this year despite the fact that the Middle Eastern country emerged from a 14-year-long civil war…
Exxon Beats Q1 Earnings on Oil Price Surge Despite 6% Production Drop
Higher oil prices drove the first-quarter adjusted earnings at ExxonMobil (NYSE: XOM) above the analyst estimates as the jump in prices more than offset lower oil and gas production in…
