Houthi attacks on Saudi energy facilities raise regional war fears
By 45 min ago 3 min read Fears of an escalating Middle East conflict have increased following widespread Houthi attacks on Saudi Arabia which included energy facilities and installations in…
China Buying More Oil despite Higher Prices
Chinese crude oil imports strengthened in August, as cargoes from the Persian Gulf crept higher and refiners increased purchases from other sources. Undeterred by higher prices, importers shipped in 37.9…
American and African Crudes Soar as China’s Oil Imports Rebound
The prices of crudes from Canada, South America, and Africa have jumped in recent weeks as Chinese oil import demand is rising from a decade-low, benchmark prices rally, and Middle…
High Crude and LNG Prices Weigh on India’s Oil and Gas Sector
The renewed rally in crude oil and LNG prices and the higher freight costs are pressuring the marketing margins of India’s oil and gas sector, which has to contend with…
China Halts New Battery Storage Plant Approvals
China has paused approvals for new battery storage factories amid a review of existing and planned capacity, Chinese financial news outlet Cailianshe reported this weekend, citing industry sources. The temporary…
Saudi Aramco’s Jizan Refinery Hit Again as Houthi Attacks Escalate
Saudi Aramco’s 400,000-barrel-per-day Jizan refinery was hit in a new attack Monday, threatening a major Red Sea refining hub while Saudi Arabia is moving more oil west to avoid the…
Europe aerospace takes off with commercial satellite launch
©Isar Aerospace You’ve read 1 of 1 of your free articles this month. By 23 min ago 2 min read German firm Isar Aerospace has become the first European commercial…
Sinopec and partners launch global CCUS initiative
By 31 min ago 3 min read Chinese state-owned oil, gas, and chemical giant Sinopec has joined international partners in launching a new initiative aimed at strengthening cooperation on carbon…
Iran Says It Will Control New Hormuz Shipping Corridor
Iran said Monday that it is preparing to sign an agreement with Oman establishing a new shipping corridor through the Strait of Hormuz under Iranian control, with vessels required to…
India Ramps Up Rail Coal Deliveries as Power Plant Stockpiles Dwindle
Indian coal companies are ramping up supply to the coal-fired power plants as coal stocks at dozens of the plants dropped to critically low levels, India’s Ministry of Coal said…
