Trending News: Eskom Launches RFQ to Select Partners for 6 GW Renewable Energy and Battery Portfolio by 2030 In South AfricaSECI Invites Bids for 3.68 MW Rooftop Solar Projects On NDMC Buildings At Tariff Below INR 5.13/kWhU-Solar Targets 200 MW Renewable Asset Delivery as Revenue Crosses INR 1,000 CroreZelestra Secures $350 Million Green Financing for 203 MW Reclamation Solar Project in IndianaMERC Orders Compensation To Rooftop Solar Developer Over Grid Availability DisputeNew Fortress Energy’s Altamira LNG unit offline after turbine faultMERC Disposes 730 MW Solar Project Dispute Between CMOPL And MSEDCL In MaharashtraString vs Central Inverters: Understanding the Two Utility-Scale Solar ArchitecturesGERC Grants Time To APPPL In 40 MW Wind Project Dispute Over No WTG Zone In GujaratNordex Secures 389 MW Wind Turbine Orders in Türkiye, Including Energy Storage RequirementsSaudi East-West Pipeline Moves 5.8 Million Barrels as Red Sea Route RecoversIraq Builds 2027 Budget on $58 Oil—and a Very Large DeficitAdani Power and Druk Green Power Sign Agreement for 770 MW Chamkharchhu-I Hydropower Project in BhutanMNRE Proposes Standardized 14-Digit Naming System For ALMM List-II Solar CellsAustralia Commits $7.29 Million To Strengthen Pacific Renewable Energy SecurityHPSEBL Floats Tender for 1 MW Green Hydrogen Plant and 33 kV Feeder Strengthening In Himachal PradeshJWL Secures 41 MW/102.5 MWh BESS Project In Uttarakhand, Receives 50 MW/200 MWh West Bengal LoAGulf Producers Say Importers Should Share the Cost of Hormuz WorkaroundsLow Wind Generation Prompts Another Power Margin Warning in UKIndia Could Boost Crude and Critical Minerals Supply from EcuadorEU Delays Methane Rules, Opens Refinery Talks as Fuel Prices Hit Records100+ Oil Execs Predict Future WTI Oil PricesAt Least 50 Iranian Tankers Are Stuck in the Gulf as U.S. Blockade HoldsChina Accelerates Ultra-Deep Drilling to Boost Domestic Oil SupplyJapan Courts Saudi Arabia and UAE as Asia’s Oil Supply Fears PersistCompany profile: InterluneAndhra Pradesh Energy Expo 2026 Wraps Up in Visakhapatnam, Putting the Spotlight on the State’s Next Energy Opportunities  Cavagna enters high-precision gas metering sector with GMG majority stakeGujarat Inject (Kerala) Expands Into Renewable Energy With Solar Project and INR 4.86 Crore Solar Module OrderTrump Defers Federal Fuel Tax on Dyed Diesel as Prices Hit $6.32World Bank Warns Asia Is Running Out of Money to Fight Energy ShockGulf Oil Exports Recover to 81% of Pre-War LevelsBrent Once Again Toiling Around $100 MarkGreen Energy Stocks Rally as Sensex Gains 0.95% and Nifty Climbs 0.72% (06 October 2026)Skytree secures €1m Dutch development loan for Iceland DAC projectSkytree secures €1m Dutch development loan for Iceland DAC projectNTPC REL Invites Bids For 2,000 MW/12,000 MWh Pumped Hydro Storage Across IndiaBondada Engineering Secures INR 1,153.93 Crore EPC Order for 270 MWp Solar Project in MaharashtraIneratec branches into food applications with green hydrogen-based waxCosmo, Iwanti close on $316m Chiba refinery hydrogen projectIran’s Oil Minister Resigns as U.S. Blockade Chokes Crude ExportsFreeport LNG Ramps Up Gas Intake After Train 2 ShutdownActivist investor Elliott backs Air Liquide strategy, pushes for faster buybackPossible Fire Reported at Saudi Refinery as Attack Claims CirculateBWXT’s BANR microreactor selected for Canadian projectDOE offers Vistra loan for reactor upgrades and upratesConcreting milestones at Chinese Hualong One unitsAramco CEO Warns Oil Inventories Are ‘Scarily Thin’EU Electric Vehicle Sales Hit Record as Fuel Prices SurgeIndian State Firm BPCL Readies $3-Billion Bond to Fund Brazil oil Project10 minutes with… Altura EnergyAir Liquide uses AI in over one-third of ‘critical processes’AI chip demand to drive Air Liquide electronics sales above €4bn by 2030Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks ReleaseHormuz LNG Flows Still Down More Than 75% Despite ReboundJapan Rules Out More Reserve Releases After G7 Pledges 100 Million BarrelsSouth Korea Plans to Triple Canadian Crude Imports as Saudi Share SlipsHouthis Claim Strike on Aramco Facility in Riyadh as Yemen Fighting EscalatesRubio Opens 4-Day NATO Tour in Iceland to Discuss Arctic SecurityUSA Continues Strategic Petroleum Reserve ReleaseThe 2026 worldwide helium marketPandora Opens USD 150 Million Sustainable Jewellery Facility In VietnamClean Kinetics Begins Construction Of 3.27 MW Solar Project At Sats ThailandOPEC+ Holds November Quota at 31.01 Million Barrels DailyAramco Cuts Asia Oil Prices to Six-Year Low, Raises Prices for EuropeGreen Energy Stocks Show Mixed Performance As Sensex And Nifty Close Higher (05 October 2026)UAE Builds 17.98 GW Renewable Energy Pipeline Across 14 Projects By 2030Chad’s 30 MWp Hybrid Solar Projects Reach Financial Close With €37.9 Million FinancingUniper eyes Türkiye biomethane production and exportsIran Oil Minister Quits as Exports Dry UpU.S. Deploys Patriots to Shield Saudi Oil and Qatari Gas FacilitiesG7 Moves to Release 100 Million Barrels to Counter Diesel CrisisTrump Says South Korea Deal Includes $8.4 Billion U.S. Oil ProjectOil Prices Fall as Reports Say Hormuz Crude Flows Top Pre-War LevelsAir Liquide targets €24bn investment and up to 600bps margin gains by 2030Europe delivers final ITER vacuum vessel sectorGreen Party drops nuclear phase-out policyTimeline for Polish nuclear units slips in updated programmeBaker Hughes signs Venezuela deals targeting oil, gas and LNG developmentOrano inaugurates lead-212 production facilityOPEC+ holds November oil production targets steady as supply remains constrainedJapan’s JERA Creates Oil Storage Firm to Manage National Reserve SitesAlaska LNG Hinges on How Much Asian Buyers Will Pay for Energy SecurityWTI Sinks Nearly 4% as EU Weighs Emergency Stockpile ReleaseLatest Dallas Fed Survey Reveals Theme Among RespondentsWhat is the near-term feasibility of helium-3 fuel for fusion power?UN Says Global Fuel Subsidies Could Top $1 TrillionJERA CEO Warns LNG Prices Have Further to ClimbScaling up: Blue Star’s next phase in ColoradoShougang, Rio Tinto commission carbon capture trial facility at China steel plantOil Prices Come Under PressureChina Halts October Fuel Exports as Global Diesel Crunch DeepensBrent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military MovesConocoPhillips Signs 20-Year LNG Deal With Venture GlobalU.S. Diesel Export Ban Would Hit Latin America Hardest: GoldmanAtlas Copco strengthens Chinese footprint with Guangdong Euroklimat acquisitionINOXAP files for IPO as Air Products moves to trim stakeIran Wants Sanctions Eased to Allow Back Nuclear InspectorsCanada Fast-Tracks 1 Million-Bpd Pacific Link Oil Pipeline to AsiaBLM Opens 35,000 California Acres to December Oil and Gas Lease Sale
Wed. Oct 7th, 2026
Trending News: Eskom Launches RFQ to Select Partners for 6 GW Renewable Energy and Battery Portfolio by 2030 In South AfricaSECI Invites Bids for 3.68 MW Rooftop Solar Projects On NDMC Buildings At Tariff Below INR 5.13/kWhU-Solar Targets 200 MW Renewable Asset Delivery as Revenue Crosses INR 1,000 CroreZelestra Secures $350 Million Green Financing for 203 MW Reclamation Solar Project in IndianaMERC Orders Compensation To Rooftop Solar Developer Over Grid Availability DisputeNew Fortress Energy’s Altamira LNG unit offline after turbine faultMERC Disposes 730 MW Solar Project Dispute Between CMOPL And MSEDCL In MaharashtraString vs Central Inverters: Understanding the Two Utility-Scale Solar ArchitecturesGERC Grants Time To APPPL In 40 MW Wind Project Dispute Over No WTG Zone In GujaratNordex Secures 389 MW Wind Turbine Orders in Türkiye, Including Energy Storage RequirementsSaudi East-West Pipeline Moves 5.8 Million Barrels as Red Sea Route RecoversIraq Builds 2027 Budget on $58 Oil—and a Very Large DeficitAdani Power and Druk Green Power Sign Agreement for 770 MW Chamkharchhu-I Hydropower Project in BhutanMNRE Proposes Standardized 14-Digit Naming System For ALMM List-II Solar CellsAustralia Commits $7.29 Million To Strengthen Pacific Renewable Energy SecurityHPSEBL Floats Tender for 1 MW Green Hydrogen Plant and 33 kV Feeder Strengthening In Himachal PradeshJWL Secures 41 MW/102.5 MWh BESS Project In Uttarakhand, Receives 50 MW/200 MWh West Bengal LoAGulf Producers Say Importers Should Share the Cost of Hormuz WorkaroundsLow Wind Generation Prompts Another Power Margin Warning in UKIndia Could Boost Crude and Critical Minerals Supply from EcuadorEU Delays Methane Rules, Opens Refinery Talks as Fuel Prices Hit Records100+ Oil Execs Predict Future WTI Oil PricesAt Least 50 Iranian Tankers Are Stuck in the Gulf as U.S. Blockade HoldsChina Accelerates Ultra-Deep Drilling to Boost Domestic Oil SupplyJapan Courts Saudi Arabia and UAE as Asia’s Oil Supply Fears PersistCompany profile: InterluneAndhra Pradesh Energy Expo 2026 Wraps Up in Visakhapatnam, Putting the Spotlight on the State’s Next Energy Opportunities  Cavagna enters high-precision gas metering sector with GMG majority stakeGujarat Inject (Kerala) Expands Into Renewable Energy With Solar Project and INR 4.86 Crore Solar Module OrderTrump Defers Federal Fuel Tax on Dyed Diesel as Prices Hit $6.32World Bank Warns Asia Is Running Out of Money to Fight Energy ShockGulf Oil Exports Recover to 81% of Pre-War LevelsBrent Once Again Toiling Around $100 MarkGreen Energy Stocks Rally as Sensex Gains 0.95% and Nifty Climbs 0.72% (06 October 2026)Skytree secures €1m Dutch development loan for Iceland DAC projectSkytree secures €1m Dutch development loan for Iceland DAC projectNTPC REL Invites Bids For 2,000 MW/12,000 MWh Pumped Hydro Storage Across IndiaBondada Engineering Secures INR 1,153.93 Crore EPC Order for 270 MWp Solar Project in MaharashtraIneratec branches into food applications with green hydrogen-based waxCosmo, Iwanti close on $316m Chiba refinery hydrogen projectIran’s Oil Minister Resigns as U.S. Blockade Chokes Crude ExportsFreeport LNG Ramps Up Gas Intake After Train 2 ShutdownActivist investor Elliott backs Air Liquide strategy, pushes for faster buybackPossible Fire Reported at Saudi Refinery as Attack Claims CirculateBWXT’s BANR microreactor selected for Canadian projectDOE offers Vistra loan for reactor upgrades and upratesConcreting milestones at Chinese Hualong One unitsAramco CEO Warns Oil Inventories Are ‘Scarily Thin’EU Electric Vehicle Sales Hit Record as Fuel Prices SurgeIndian State Firm BPCL Readies $3-Billion Bond to Fund Brazil oil Project10 minutes with… Altura EnergyAir Liquide uses AI in over one-third of ‘critical processes’AI chip demand to drive Air Liquide electronics sales above €4bn by 2030Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks ReleaseHormuz LNG Flows Still Down More Than 75% Despite ReboundJapan Rules Out More Reserve Releases After G7 Pledges 100 Million BarrelsSouth Korea Plans to Triple Canadian Crude Imports as Saudi Share SlipsHouthis Claim Strike on Aramco Facility in Riyadh as Yemen Fighting EscalatesRubio Opens 4-Day NATO Tour in Iceland to Discuss Arctic SecurityUSA Continues Strategic Petroleum Reserve ReleaseThe 2026 worldwide helium marketPandora Opens USD 150 Million Sustainable Jewellery Facility In VietnamClean Kinetics Begins Construction Of 3.27 MW Solar Project At Sats ThailandOPEC+ Holds November Quota at 31.01 Million Barrels DailyAramco Cuts Asia Oil Prices to Six-Year Low, Raises Prices for EuropeGreen Energy Stocks Show Mixed Performance As Sensex And Nifty Close Higher (05 October 2026)UAE Builds 17.98 GW Renewable Energy Pipeline Across 14 Projects By 2030Chad’s 30 MWp Hybrid Solar Projects Reach Financial Close With €37.9 Million FinancingUniper eyes Türkiye biomethane production and exportsIran Oil Minister Quits as Exports Dry UpU.S. Deploys Patriots to Shield Saudi Oil and Qatari Gas FacilitiesG7 Moves to Release 100 Million Barrels to Counter Diesel CrisisTrump Says South Korea Deal Includes $8.4 Billion U.S. Oil ProjectOil Prices Fall as Reports Say Hormuz Crude Flows Top Pre-War LevelsAir Liquide targets €24bn investment and up to 600bps margin gains by 2030Europe delivers final ITER vacuum vessel sectorGreen Party drops nuclear phase-out policyTimeline for Polish nuclear units slips in updated programmeBaker Hughes signs Venezuela deals targeting oil, gas and LNG developmentOrano inaugurates lead-212 production facilityOPEC+ holds November oil production targets steady as supply remains constrainedJapan’s JERA Creates Oil Storage Firm to Manage National Reserve SitesAlaska LNG Hinges on How Much Asian Buyers Will Pay for Energy SecurityWTI Sinks Nearly 4% as EU Weighs Emergency Stockpile ReleaseLatest Dallas Fed Survey Reveals Theme Among RespondentsWhat is the near-term feasibility of helium-3 fuel for fusion power?UN Says Global Fuel Subsidies Could Top $1 TrillionJERA CEO Warns LNG Prices Have Further to ClimbScaling up: Blue Star’s next phase in ColoradoShougang, Rio Tinto commission carbon capture trial facility at China steel plantOil Prices Come Under PressureChina Halts October Fuel Exports as Global Diesel Crunch DeepensBrent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military MovesConocoPhillips Signs 20-Year LNG Deal With Venture GlobalU.S. Diesel Export Ban Would Hit Latin America Hardest: GoldmanAtlas Copco strengthens Chinese footprint with Guangdong Euroklimat acquisitionINOXAP files for IPO as Air Products moves to trim stakeIran Wants Sanctions Eased to Allow Back Nuclear InspectorsCanada Fast-Tracks 1 Million-Bpd Pacific Link Oil Pipeline to AsiaBLM Opens 35,000 California Acres to December Oil and Gas Lease Sale
Wed. Oct 7th, 2026

Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says

CERNOBBIO, Italy, April 4 (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s (ENI.MI) top executive Francesco Gattei said on Friday.

He added that energy groups could react to the possibility of tariffs denting global economic growth, reducing demand for power.

The actual increase in OPEC+ production could result lower than announced when taking into account a stricter U.S. embargo on Venezuela and the potential drop in Kazakhstan’s oil flows, Gattei added, speaking on the sidelines of a business conference.

Reporting by Giancarlo Navach; writing by Francesca Landini, editing by Giulia Segreti

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