QatarEnergy, Exxon Executives Warn of Europe Exit Over Climate Law

ExxonMobil CEO Darren Woods Summary ExxonMobil CEO warns EU law could force exit from Europe EU law demands climate plan aligned with Paris Agreement, Woods says Qatar threatens again to…

Big Oil Gets Big Boost from Escalating Economic War on Russia – Ron Bousso

Top Western oil companies are enjoying a windfall from the expanding attacks on Russia’s oil industry – both literal and economic – that have boosted global refining profit margins and…

US Deputy Energy Secretary: I Don’t Think There Will be An Oil Glut in 2026

The U.S. Department of Energy’s deputy secretary, James Danly, said on Monday that he does not think there will be an oil glut in 2026. “We have a demand signal…

Morgan Stanley First to Revise Oil Price Forecast After OPEC+ Update

Morgan Stanley raised its price forecast for Brent crude for 2026 to $60 per barrel from $57.50 following OPEC+’s decision to pause production hikes over the first three months of…

India’s Power Generation Suffers Sharpest Drop Since 2020

Power generation in India plunged by 6% in October from a year earlier – the sharpest drop since the Covid lockdowns in 2020 – as lower industrial demand due to…

Early Winter Ice Halts Arctic LNG Deliveries to China

Sanctioned LNG vessels carrying liquefied natural gas from Russia’s sanctioned Arctic LNG 2 project are running into early winter ice on the Northern Sea Route and deliveries to China from…

Eni and Petronas Forge Major Southeast Asia Upstream Joint Venture

Italy’s energy giant Eni and Malaysian state oil and gas firm Petronas are combining their upstream assets in Indonesia and Malaysia in a new, equally-owned joint venture, the Italian company…

  • Gas
  • November 3, 2025
Plug Power to supply 2GW of electrolysers for Uzbekistan eSAF

US-based hydrogen solutions provider Plug Power will deliver up to 2GW of its electrolyser systems to support development of sustainable aviation fuel, eSAF, and green diesel by Australian firm Allied…

  • Gas
  • November 3, 2025
Europe to invest €2.9bn in industrial carbon reduction projects

The European Commission is to invest €2.9bn in funding 61 carbon reduction projects. The funding will come from the Innovation Fund, using up to €40bn in revenues from the EU…

OPEC+ 8 Decide to Implement Output Adjustment

A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the United Arab Emirates (UAE), Kuwait, Kazakhstan, Algeria, and Oman “decided to implement a production adjustment…