China’s Coal Imports Plunge to Two-Year Low
Surging domestic coal production and weaker demand resulted in China’s lowest volumes of coal imports in June for nearly two and a half years. China imported last month a total…
BP-Eni JV Makes Major Gas Discovery Offshore Angola
Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country.…
Japan targets ammonia bunkering potential with ship order
Japan general trading company Itochu Corporation has signed a shipbuilding contract for a 5,000 cbm ammonia bunkering vessel with Sasaki Shipbuilding Company, with delivery slated for 2027. The ship owner,…
Puerto Rico’s Energy Crisis Deepens Amid Dispute With LNG Supplier
Puerto Rico has temporarily shut most of the power generators on the island after not receiving an LNG shipment from New Fortress Energy amid a weeks-long dispute over supply contracts.…
China’s June Crude Imports Jump as Iranian and Saudi Volumes Surge
China’s crude oil imports surged to 12.14 million barrels per day in June, marking a 7.4% year-on-year increase, driven by a sharp rise in deliveries from Saudi Arabia and Iran,…
Asian Heat Squeezes LNG Flow to Europe
Peak summer heat across Northeast Asia is prompting a surge in liquefied natural gas (LNG) demand, forcing slower flows to Europe as gas-fired power plants race to meet rising cooling…
Baker Hughes and Petronas link to invest in clean tech in Malaysia
Energy technology company Baker Hughes and Malaysian oil and gas company Petronas will jointly explore business initiatives that could support the demands of Asia’s energy expansion and transition. Under a…
How Likely is $100 Oil in 2025?
While we should always be prepared for surprises in any market, especially oil, $100 crude appears increasingly unlikely this year. That’s what Carole Nakhle, the Chief Executive Officer of London…
Oil Markets Brace for Trump Statement as Key Policies Hang in the Balance
Global crude benchmarks edged sideways in early-morning trading on Monday as the oil market awaited an official statement from President Donald Trump, expected to address U.S. energy policy, including possible…
U.S. and Brazil Become Key Oil Suppliers to India
India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
