BP in reset mode as Q1 profits slip back
Global energy giant BP posted a $1.4bn profit in the first quarter of 2025, about half its first-quarter profit a year ago, as a mix of corporate and market challenges…
Australia’s Woodside to build out flagship Louisiana LNG project
Australian energy company Woodside has reached a final investment decision (FID) on its three-train Louisiana LNG facility, opening the prospect of production by 2029. Once fully operational, Louisiana LNG will…
Spain Slowly Returning to Normal After Crippling Blackout
Spain and Portugal were returning to some semblance of normality early Tuesday, with many questions remaining about what caused one of Europe’s worst blackouts in years across the Iberian peninsula…
Indian Refiners Scoop Up Russian ESPO Crude As China Steps Back
India bought more Russian ESPO Blend oil in April than any month since August 2024, stepping in to scoop up what weakening Chinese demand for the blend has left behind,…
Libyan General Gunned Down at Home Amid Growing Destabilization
Libya’s Prime Minister Abdulhamid Dbeibeh has called for an urgent inquiry into the killing of Brigadier General Ali Ramadan Al-Rayani, who was fatally shot on Sunday by unidentified gunmen, instructing…
Germany Slams Idea of Splitting Europe’s Power Market Into Zones
Germany remains committed to a single power market in its area and doesn’t like the recommendation from a new report to split the market into five separate bidding zones. Entso-e,…
China’s Oil Inventories Soar to Highest in Nearly Three Years
Crude oil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last…
China Extends Its Suspension of U.S. LNG Imports
China has not imported any liquefied natural gas from the United States since early February, data from Kpler cited by Nikkei has shown. The last LNG cargo that left the…
Spain and Portugal Hit by Widespread Blackout
A massive and sudden power outage swept across the Iberian Peninsula this afternoon, plunging vast swathes of Spain and Portugal into darkness and triggering significant disruptions to critical infrastructure and…
Iberian power outage illustrates industrial gas risks
Power outages sweeping across Spain and Portugal today (28 April) have disrupted transport networks, industries and telecommunications, raising questions about the resilience of the Iberian energy grid and its reliance…
