Trump Ups Pressure on Iran, Fueling Fears US Will Join Conflict
Israel and the US are ratcheting up pressure on Iran, fueling fears that Washington may be preparing for a more direct intervention alongside its closest Middle East ally. US President…
EDP Group and SIAD’s IGAT to build largest solar-and-storage plant in Italy
Italian chemicals company IGAT and the utility EDP Energia Italia are to build a distributed generation photovoltaic solar plant. It is the largest EDP project in Italy to be integrated…
Banks Boost Fossil Fuel Financing for The First Time since 2021
The world’s biggest banks raised their combined financing for fossil fuels by more than one-fifth last year, bucking a falling trend since 2021 amid a backlash against net-zero policies, especially…
China Continues to Stockpile Crude Oil
China’s crude oil stockpiles likely grew at an elevated rate for the third consecutive month in May, which could allow Beijing to purchase lower volumes over the next weeks amid…
World’s Top Oil Trader Sees Lower U.S. Output in 2025
U.S. oil production is set for a slight drop this year amid weaker prices, the chief executive of the world’s largest independent oil trader, Vitol Group, said on Tuesday. “With…
Russia LNG checks to rise as EU gets tough
The European Commission has set out legislation to phase out Russian gas by the end of 2027 and will step up tracing and monitoring to minimise circumvention with liquefied natural…
New Zealand utility moves on biomethane after positive studies
New Zealand North Island energy distributor Powerco has completed two feasibility investigations into upgrading biogas to biomethane for use in its gas network. In April 2024, Powerco launched initiatives with…
Mitsubishi Eyes $8 Billion Shale Gas Acquisition
Mitsubishi Corp. is about to acquire the shale and pipeline assets of Aethon Energy Management and is ready to pay up to $8 billion for them, Reuters has reported, citing…
Iraq’s May Oil Exports to U.S. Surge Past 5 Million Barrels
Iraq’s crude oil exports to the United States surged past 5 million barrels in May, marking Baghdad’s highest monthly volume to U.S. refiners so far this year, according to Iraqi…
Oil Prices Up 2% as Israel-Iran Conflict Intensifies
Crude oil prices are flat in early trading in the absence of news that oil supply from the Middle East has suffered from the hostilities between Israel and Iran. Prices…
