Europe sets out new Russian gas restrictions
Europe is to stop new contracts with suppliers of Russian gas (pipeline and LNG) and existing spot contracts will cease by the end of 2025. The measures aim to ensure that…
Elcogen and Casale team up on green ammonia and Power-to-X projects
Finnish technology manufacturer Elcogen and integrated Swiss engineering firm Casale are teaming up on prospective green ammonia and Power-to-X (P2X) projects. Under a memorandum of understanding, Elcogen will explore integrating…
Air Products eyes cash flow recovery after restructure and write-downs
After a bruising second quarter that saw Air Products plunge to a , the industrial gas major is now betting on a return to financial stability, outlining plans to become…
Why Is the Oil Price Rising?
Tuesday May 06, 2025 – Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround…
Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates
U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and…
Iraq’s Oil Exports to India Topped $29 Billion in 2024
OPEC’s second-largest producer, Iraq, exported crude oil and petroleum products worth $29.58 billion to India last year, trade data reported by Shafaq News showed on Tuesday. Iraq, which was India’s…
Why Is the Oil Price Rising?
Why is the oil price rising today? That was the question Rigzone asked Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC…
UK and India sign broad trade deal including clean energy
The UK and India have agreed a trade deal which locks in reductions on 90% of tariff lines, with 85% becoming fully tariff-free within a decade. The deal, the culmination…
German Energy Giant Uniper Receives Claims From Gazprom Dispute
Germany’s utility giant Uniper obtained in the first quarter proceeds from realized claims for damages in its ongoing dispute with Russian gas firm Gazprom, the now-nationalized German energy group said…
