Saudi Arabia’s Production Increase Sparks Credibility Concerns
After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International…
Russia’s Oil Export Revenues Dip 14%
Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency (IEA) said in its monthly…
India Needs Strong Petrochemical Sector to Compete With China
India should boost its petrochemicals production to meet local demand and counter China’s growing global lead in the sector, a senior executive at India’s top private refiner, Reliance Industries, said…
Shell Obtains Permission to Drill for Oil and Gas Offshore South Africa
Shell has received environmental authorization to drill up to five deepwater wells to explore for oil and gas off the west coast of South Africa. “Should viable resources ?be found…
BP Sees Lower Oil Prices Denting Q2 Profit
Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output and stronger refining margins. BP’s realizations in the oil production and operations segment…
Australian Rare Earths Stocks Surge After U.S. Takes Stake in MP Materials
Australia’s rare earths producers saw their shares jump on Friday as the U.S. Department of Defense’s deal with U.S. rare earth producer MP Materials boosted sentiment across the Western industry…
Long helium market ‘can deliver for space sector’
The boom in space exploration can be met by the current plentiful supply of helium and the sector remains small compared with more established segments, a leading consultant explained today…
Preview: Generations in industrial gas
Family-owned firms remain the backbone of the US economy, accounting for 64% of GDP and generating 62% of employment. Yet only 30% survive to the second generation, and just 4%…
Indonesia Widens $17-Billion Corruption Probe Into State Energy Firm
Indonesia’s attorney general’s office has widened the corruption investigation into oil procurement involving state oil and gas firm Pertamina, which is alleged to have cost $17.6 billion (285 trillion Indonesian…
Electric Truck Sales Surge in China
Sales of so-called new energy trucks in China jumped by 175% over the first half of the year from a year ago, driven higher by generous subsidies and fast expansion…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
