Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude…

U.S. Nat Gas Liquids Exports Hit Record—Even With China Playing Hardball

As it turns out, a trade war with your biggest customer isn’t the death knell some made it out to be. U.S. exports of natural gas liquids (NGLs) hit an…

UK to Slap Sanctions on 100 Russian-Oil Carrying Tankers

The UK government will impose sanctions on as many as 100 tankers that it says are used to ship Russian crude oil abroad. Bloomberg reports that this constitutes a 75%…

  • Gas
  • May 9, 2025
Germany approves funds for Dresden Infineon fab

Germany semiconductor business Infineon Technologies has received final approval for the public funded element of its under-construction plant in Dresden from Germany’s federal ministry for economic affairs. Infineon is expanding…

Oil Set for Weekly Gain Ahead of US-China Trade Talks

Summary • All eyes on May 10 US-China talks in Switzerland• OPEC April oil output edged lower, Reuters survey finds• China’s April exports exceed expectations (Reuters) – Oil prices rose…

Chevron Reveals Q1 Net Oil Equivalent Production Level

In its first quarter 2025 results statement, which was published recently, Chevron Corporation revealed that its net oil equivalent production averaged 3.353 million barrels of oil equivalent per day in…

U.S. Sanctions Disrupt Chinese Teapots’ Purchases of Iranian Oil

Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in…

Reliance, SAEL, Jindal, Sembcorp, JBM, And Fastnote Win Big In SJVN’s 1,200 MW Solar Integrated With 600 MW/ 2,400 MWh ESS Auction

Representational image. Credit: Canva SJVN has concluded the auction for its 1,200 MW of ISTS-connected solar photovoltaic power projects integrated with a 600 MW/2,400 MWh Battery Energy Storage System across…

Ameren Warns of Mylar Balloon Dangers Amid Spring Celebrations, Citing Power Outages and Safety Risks

Representational image. Credit: Canva With spring marking a season of graduations and festive gatherings, Ameren is urging customers to celebrate safely by avoiding the release of Mylar balloons near power…

Enlight Renewable Energy Reports 316% Surge in Net Income in Q1 2025

Representational image. Credit: Canva Enlight Renewable Energy Ltd. has posted strong first-quarter 2025 results, showcasing major year-over-year gains across revenue, income, and operational metrics. The company reported $130 million in…