Trump Tariff Comments Trigger Oil Price Decline
Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19…
Europe Braces for Rising Gas Demand after Price Volatility Hits 2021 Low
So far in July, European natural gas markets have seen the lowest volatility in prices since 2021, but as summer temperatures peak in the coming weeks, demand is expected to…
Santos, Xecta deploy industry-first digital oilfield project across Australia, Papua New Guinea
Houston-based technology company Xecta has expanded its partnership with global energy company Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern…
OPEC: The World Will Need an Extra 19.5 Million Bpd Refining Capacity by 2050
The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025…
IEA Head: The World Must Prepare to Address Energy Security Threats
Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation,…
Equinor Makes Gas Discovery Near Huge Arctic Oilfield
Equinor has made a gas discovery close to its Johan Castberg oilfield in the Barents Sea and will assess a potential tie-in to the now fully operational Arctic field. Equinor…
Emerging markets seek policy reform and investment for biogas
Emerging economies are urging stronger international collaboration, policy reform, and investment to unlock the full potential of biogas as a decentralised green energy option. That was the message from the…
Trafigura Plans to Close UK Biodiesel Plant Amid Challenging Market
Greenergy, owned by commodity trading giant Trafigura, said on Thursday it would begin consultation on a proposal to cease production at a biodiesel plant in the UK amid difficult market…
EU Hikes Fossil Fuel Power Generation as Renewables Falter
Utilities across the European Union boosted electricity output from gas and coal plants by 13% in the first half of 2025 from a year earlier—the biggest annual increase for January…
U.S. Power Utilities Seek Price Hikes on AI Demand
Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported…
