Oil Prices Dip to Settle at 3-Week Low on US and China Economic Concerns

By US and China economic concerns impact oil prices Venezuelan oil exports may rise as US eases rules US oil/gas rig count falls for 12th time in 13 weeks –…

Trump’s Escalation of Clean-Energy Fight Is Creating More Pain for Producers

The US president’s latest move against renewables is to pull funding for transmission lines to carry wind power. By US President Donald Trump’s negative impact on clean energy has been…

Shell Greenlights Egyptian Gas Project to Bolster Domestic Supply

Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening…

U.S. Refiners Rethink Crude Sourcing After Chevron Gets Venezuela Green Light

U.S. refiners are reassessing Latin American crude sourcing strategies after President Donald Trump’s administration granted Chevron the authority to resume and expand operations in Venezuela, signaling a shift in sanctions…

Trump Unlikely to Enforce Tariff Threat on Russian Oil

(Reuters) – U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation…

US Gulf Refiners Seek MidEast, S.American Oil to Offset Venezuela, Mexico Losses

(Reuters) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship…

Eni Posts 25% Drop in Second-Quarter Profit

Italy’s Eni reported 25% lower profit for the second quarter of the year amid lower oil prices and a 2.6% decline in oil and gas production. The adjusted net result…

Russia Opens Antitrust Case Against Gazprom Over Withheld Gasoline Sales

Russia’s Federal Anti-Monopoly Service (FAS) has launched a formal case against a Gazprom subsidiary for sharply reducing gasoline sales on the country’s main energy exchange, as the Kremlin weighs curbs…

Amazon Scraps New Irish AI Facility Amid Power Grid Shortfall

Amazon Web Services has cancelled plans for a €300-million server rack manufacturing plant in Dublin’s Ballycoolin industrial zone, citing an inability to secure timely electricity access from Ireland’s grid operator,…

Nayara Energy CEO Steps Down As EU Sanctions Sting

The chief executive of Nayara Energy, Alessandro des Dorides, has resigned abruptly amid mounting fallout from newly imposed European Union sanctions targeting the Rosneft-linked Indian refiner, according to an exclusive…