India Pulls Back From Iraqi Oil as Hormuz Turns Too Dangerous
India’s biggest state refiners are no longer willing to gamble on the Strait of Hormuz. Indian Oil Corp. and Mangalore Refinery & Petrochemicals have suspended crude loadings from Iraq after…
U.S. Says China Has Slashed Iranian Oil Purchases by 40%
The United States says its campaign to choke off Iran’s oil revenue may finally be showing results where it matters most: China. Treasury Secretary Scott Bessent said Tuesday that Chinese…
India Became World’s Top Long-Term LNG Buyer in 2025, GIIGNL Says
India emerged as the world’s most active long-term LNG buyer market in 2025 with a total of 8.4 million tons per year contracted, according to the annual 2026 report of…
France proposes extending biogas support scheme to pyrolysis
By 8 min ago 4 min read France has proposed expanding its renewable gas support scheme to include pyrolysis and gasification projects, a move that could broaden the country’s biomethane…
Generator firm EODev shifts from pure hydrogen power with SOFC play
By 58 min ago 2 min read French generator firm EODev is set to expand beyond purely hydrogen-fuelled systems, after securing a new partnership to commercialise a new fuel-flexible solid…
Maritime carbon capture secures key regulatory backing
A project led by the Global Centre for Maritime Decarbonisation (GCMD) has secured recognition under two regulatory frameworks that could help accelerate the adoption of onboard carbon capture and storage…
IMF Flags Higher Oil Price As Key Risk to India’s GDP Growth
India’s economic growth for the 2026/2027 fiscal year could be lower than previously expected amid higher oil prices with the re-escalation of the Middle East war and the El Nino…
Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz
A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the key shipping lanes of the Middle East, sending…
Ryanair Profit Falls 36% as Unhedged Jet Fuel Costs Double
Ryanair shed more than a third of its profit as rising jet fuel prices triggered by the Iran war began to take effect. The budget airline had previously insulated itself…
UK Scraps 5% VAT on Electricity
In one of his first moves as the UK’s new Prime Minister, Andy Burnham announced on Tuesday that the new Labour government would scrap the 5% value added tax (VAT)…
