China Car Sales Fall as Government Incentives Dry Up
Total passenger car sales in China declined in October from a year earlier for the first time in months as trade-in incentives and subsidies for new vehicle purchases are being…
Shell Abandons Two Major UK Offshore Wind Projects
Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell…
Lukoil Declares Force Majeure at Huge Iraqi Oilfield After U.S. Sanctions
Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter…
India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to…
Eni and Petronas to Launch 8 Upstream Projects in Southeast Asia
Eni and Petronas plan to start up as many as eight new projects in Indonesia and Malaysia over the next three years, Eni’s chief executive Claudio Descalzi told Malaysia’s national…
Swedish Industrial Giants Bet Big on Small Modular Nuclear Reactors
Sweden’s biggest industrial firms have signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build small modular reactors (SMRs)…
Outgoing COP President calls for “delivery not debate” at opening of Brazil summit
COP30 has opened in Brazil with calls for “delivery not debate” to accelerate decarbonisation and tackle climate change. Outgoing COP 29 President Mukhtar Babayev made the comments during the opening…
JP Morgan Analysts Examine Global Oil Demand Growth
Year to date through November 4, global oil demand growth is tracking an expansion of 0.85 million barrels per day. That’s what J.P. Morgan analysts said in a report sent…
Oil Steady After US Shutdown Talks Advance, Oversupply Concerns Persist
Summary US Senate advances bill to end federal shutdown Flight delays, cancellations in the US accelerate Oversupply concerns persist as crude inventories rise LONDON, Nov 10 (Reuters) – Oil prices…
Chevron Investor Day Puts Spotlight on Post-Hess Strategy
Summary Chevron to provide guidance through end of this decade Oil firm has opportunities for growth after Hess Investors eye updates on Kazakhstan talks and new power ventures Reuters) –…


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