China to Resell First US LNG Cargo in a Year Instead of Importing It

Chinese buyers that received the first U.S. LNG cargo in over a year plan to resell it on another market to profit from higher prices elsewhere and avoid paying a…

Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown

Kazakhstan resumed crude exports through the Caspian Pipeline Consortium (CPC) on Monday after the operator reopened its Black Sea marine terminal and resumed accepting crude from producers following a week-long…

Oil Prices Extend Losses as U.S.-Iran Calm Holds for Another Night

Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without any attacks from either Iran or the United States. At the time…

Saudi Arabia Weighs Higher Asia Crude Prices as Red Sea Shipping Costs Rise

Saudi Arabia may raise the price of the crude it ships to Asia via the Suez Canal, Reuters has reported, to reflect higher shipping costs due to the Houthi maritime…

Australia Eyes New Oil Refinery to Reduce Reliance on Imported Fuels

Australia’s government has launched a feasibility study for an oil refinery that, if approved, would be the first such facility to be built in the country in six decades. According…

Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence

Japan is planning to join the rush to diversify oil export routes away from the Strait of Hormuz by investing in pipeline projects abroad, notably in the Middle East. Citing…

Cyprus Launches First Gas Project with Eni and TotalEnergies Backing

Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field in deep waters offshore Cyprus, in the Mediterranean country’s first hydrocarbon development expected to bring…

Iran Races to Fortify Its Most Vital Oil Terminal as U.S. Threats Persist

Iran looks to accelerate infrastructure projects at its main oil export terminal at Kharg Island, amid on-and-off threats by U.S. President Donald Trump to either bomb or seize the island.…

Oil Market Rapidly Strips Out Iran War Premium

Oil prices dropped yesterday and today as the market rapidly stripped out its Iran war premium, Petros Pantzari, Chief Dealer at Monaxa, said in a statement sent to Rigzone on Tuesday.…

Pace Digitek Crosses 300 BESS Container Milestone, Achieves 1.5 GWh Energy Storage Capacity

Pace Digitek Limited has achieved a major milestone in its battery energy storage business as its subsidiary Lineage Power Private Limited (LPPL) crossed the mark of manufacturing 300 utility-scale Battery…