Aramco CEO Warns Oil Inventories Are ‘Scarily Thin’
EU Electric Vehicle Sales Hit Record as Fuel Prices Surge
Indian State Firm BPCL Readies $3-Billion Bond to Fund Brazil oil Project
10 minutes with… Altura Energy
Air Liquide uses AI in over one-third of ‘critical processes’
AI chip demand to drive Air Liquide electronics sales above €4bn by 2030
Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks Release
Hormuz LNG Flows Still Down More Than 75% Despite Rebound
Japan Rules Out More Reserve Releases After G7 Pledges 100 Million Barrels
South Korea Plans to Triple Canadian Crude Imports as Saudi Share Slips
US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
Baker Hughes said oil rigs rose by one to 411 this week, while gas rigs fell by one to 123, and miscellaneous rigs fell by one to five. Get the…
U.S. Startup Scoops Up Bankrupt Northvolt’s $5B European Gigafactory Assets
California-based Lyten has signed a binding agreement to acquire nearly all remaining assets of failed European battery firm Northvolt, including its Swedish and German gigafactories and all remaining intellectual property.…
GM Bets on China’s CATL to Keep Its EV Dreams Alive
General Motors is turning to Chinese battery giant CATL for help powering its next-generation Chevrolet Bolt, according to The Wall Street Journal. The move—described by insiders as a temporary fix—will…
Trump to Nominate Stephen Miran for Fed Seat Amid Push to Reshape Central Bank
President Trump has announced his intention to nominate Stephen Miran, his close economic adviser and an outspoken Federal Reserve critic, to temporarily fill a vacant seat on the Fed’s Board…
Indian Oil Importers Contract Non-Russian Cargos
India’s two largest refiners have secured some 22 million barrels in non-Russian crude for delivery in September and October following President Trump’s decision to impose an additional 25% tariff on…
Petrobras Swings Into Profit in Q2
Brazil’s Petrobras reported a profit for the second quarter of the year, booking a net positive result of some $1.6 billion after posting a loss of $480 million for the…
Russian Urals Crude Offered to China at a Discount
Russia’s Urals crude grade, which usually goes from the western Russian ports to India, is now being offered at discounts in China amid uncertainties over Indian purchases of Moscow’s oil…
Australia’s Fortescue Bets Big on China for Green Future
Fortescue has secured a Chinese yuan-denominated loan of about $2 billion (14.2 billion yuan) as Australia’s energy and metals group is betting on increased collaboration with China in green energy…
Price Wars Plague Chinese Car Manufacturers
Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on…
Mexico Approves Fracking to Reverse Sagging Oil and Gas Production
In a major U-turn in energy policy, Mexico has unveiled a 10-year plan to reverse a years-long decline in oil and gas production by tapping more unconventional resources through fracking. …
