Kazakhstan Not Leaving OPEC+ Despite Constantly Busting Quotas
Non-OPEC producer Kazakhstan, which is boosting its oil output in defiance of its quotas in the OPEC+ deal, doesn’t plan to leave the alliance of producers, the country’s top officials…
Google Signs a Record $3-Billion Hydropower Deal to Power AI
Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset…
Gasoline Prices Rise Despite Oil Benchmarks Falling
U.S. gasoline prices climbed for a second consecutive week despite falling oil benchmarks, with the national average rising to $3.11 per gallon and diesel hitting $3.676, the highest since August…
Germany Set to Miss Wind Power Targets Despite Soaring Additions
Germany saw the highest number of onshore wind turbines commissioned in the first half of 2025 for eight years, but the rebound in installations is still off track to reach…
Nigeria Seeks 25% Higher OPEC+ Oil Production Quota for 2027
Africa’s top oil producer, Nigeria, is seeking a production target under the OPEC+ agreement of 2 million barrels per day (bpd) for 2027, up from the current quota of 1.5…
China’s Refinery Runs Hit Highest Level in Nearly Two Years
Improved fuel margins and the end of spring maintenance boosted China’s oil refinery throughput in June to the highest level since September 2023. Chinese refiners processed a total of 15.2…
Oil Extends Losses as Markets Don’t Buy Trump’s Russia Sanction Threat
Oil prices extended Monday’s losses into early Tuesday trade in Asia as President Trump’s threat to sanction Russian supply in 50 days if Putin continues to resist a peace deal…
Hexagon Composites acquires 49% stake in Worthington’s SES business
Cylinder technology specialist Hexagon Composites ASA has acquired a 49% stake in Sustainable Energy Solutions (SES), the alternative fuels subsidiary of Ohio-based industrial manufacturing company Worthington Enterprises. The transaction was…
Hexagon Composites takes full ownership of Worthington’s SES business
Cylinder technology specialist Hexagon Composites ASA has acquired a 49% stake in Sustainable Energy Solutions (SES), the alternative fuels subsidiary of Ohio-based industrial manufacturing company Worthington Enterprises. The transaction was…
UK energy operator sets out roadmap to clean power and net-zero
The UK-based National Energy System Operator (NESO) has published its 2025 Future Energy Scenarios: Pathways to Net Zero, outlining a set of pathways to decarbonise Britain’s energy system by 2050…
