Marathon Petroleum Sinks to Q1 Loss Amid Low Refining Margins

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround…

Google to fund development of three nuclear power sites

Wednesday, 7 May 2025 (Image: Sundry Photography – stock.adobe.com) The aim is that each of the three sites would have “at least 600 MW of capacity”. The value of the…

Installation begins of overhead crane at BREST-OD-300

Wednesday, 7 May 2025 (Image: Rosatom) The double-girder crane has a lifting capacity of 280 tonnes and is being installed at a height of 29.6 metres and the six-month installation…

Manufacture of ITER superconducting magnet system completed

Wednesday, 7 May 2025 The central solenoid module (Image: General Atomics) Each 4-metre-tall, 110-tonne cylindrical module is wound from about 6 kilometres of niobium-tin superconducting cable and requires more than…

Supplier contracts signed relating to KHNP Czech project

Wednesday, 7 May 2025 (Image: CEZ) The signing of the contracts and agreements between the firms came despite a court injunction secured by France’s EDF on Tuesday which prohibited the…

US Power Use to Reach Record Highs in 2025 and 2026, EIA Says

The EIA projected power demand will rise to 4,205 billion kilowatt hours (kWh) in 2025 and 4,252 billion kWh in 2026, from a record 4,097 billion kWh in 2024. Those…

Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates

U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and a colder winter boosted sales and demand for electricity and…

Iraq’s Oil Exports to India Topped $29 Billion in 2024

OPEC’s second-largest producer, Iraq, exported crude oil and petroleum products worth $29.58 billion to India last year, trade data reported by Shafaq News showed on Tuesday. Iraq, which was India’s…

Why Is the Oil Price Rising?

Why is the oil price rising today? That was the question Rigzone asked Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC…

  • Gas
  • May 6, 2025
UK and India sign broad trade deal including clean energy

The UK and India have agreed a trade deal which locks in reductions on 90% of tariff lines, with 85% becoming fully tariff-free within a decade. The deal, the culmination…