Oil Climbs 2% as Price Drop Triggers Buying; Oversupply Worries Weigh

Summary • Brent, WTI both up around 2% after hitting four-year lows in previous session• Rebound comes with some dip buying• Price gains unlikely to sustain under oversupply LONDON, May…

Woodside Targets Another 20%-30% Selldown of $17.5 Billion Louisiana LNG Project

Woodside Energy, Australia’s top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project…

Trump Says with Lower Oil Prices, Putin is More Eager to Settle the Ukraine War

Summary • Trump claims Russia, Ukraine want peace amid oil price drop• Putin proposes ceasefire for WWII victory anniversary• Trump doubts Russia’s involvement in Nord Stream attack (Reuters) – U.S.…

Oil Price Slide Triggers Demand Jump and Slight Rebound

Low oil prices have done what they always do, boosting demand for the commodity. This, in turn, has led to a change in oil’s fortune, seeing Brent recover to over…

House Committee Set to Boost Oil and Gas Drilling on Federal Lands

The House Natural Resources Committee is preparing to launch an overhaul of oil and gas drilling legislation in a bid to boost drilling activity on federal lands via a surge…

Weak Chinese Imports Sink Asia’s Coal Prices to Four-Year Low

China’s streak of weak monthly coal imports continues, dragging thermal coal prices in Asia to a four-year low. Record-high domestic coal production and weaker coal-fired power generation in China have…

German Energy Giant Uniper Receives Claims From Gazprom Dispute

Germany’s utility giant Uniper obtained in the first quarter proceeds from realized claims for damages in its ongoing dispute with Russian gas firm Gazprom, the now-nationalized German energy group said…

How Much Oil and Gas Did ExxonMobil Produce in Q1?

In its first quarter 2025 results statement, which was published on its website recently, ExxonMobil revealed its oil and gas production figures for the first quarter of this year. According…

Sungrow Recognized as No.1 Inverter and Residential Battery Manufacturer in Australia for 2024

Sungrow Recognized as No.1 Inverter and Residential Battery Manufacturer Sungrow, a global leader in PV inverters and energy storage systems, has been officially recognized as the No.1 Inverter Manufacturer and…

LONGi and ENGIE Partner to Deploy Advanced Hi-MO 9 Modules for Utility-Scale Solar Projects in MENA

LONGi and Engie Partnership LONGi, a global leader in solar technology, has secured a significant agreement with ENGIE, a renowned energy group, to deploy its cutting-edge Hi-MO 9 modules in…