Higher Oil Prices Lift Sinopec Profit 28% in First Quarter

China’s top refiner posted a strong first quarter as higher crude prices lifted inventory values and stable domestic fuel sales helped to offset pressure from disrupted Middle East supply. China…

Germany Scrambles for Polish Oil Route as Russia Halts Druzhba Flows

Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Druzhba pipeline starting May…

Crude Inventories Continue to Decline Amid Strong Oil Product Draws

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week ending April 24. In the week prior, US…

Trump Readies for Prolonged US Blockade of Hormuz

President Donald Trump told his aides to prepare for an extended US Naval blockade of the Strait of Hormuz, the Wall Street Journal reported, as the US looks to intensify…

First unit at San’ao enters commercial operation

The 1116 MWe (net) domestically-designed pressurised water reactor “completed all commissioning works on 29 April 2026, and is qualified for commercial operation”, China General Nuclear (CGN) said in a notice…

US research reactor first to produce electricity

The project is a collaboration between advanced nuclear energy company Elemental Nuclear Energy Corporation – which is developing next-generation microreactors and high-performance Brayton Cycle power generators – and the John…

US NRC clears St Lucie 1 and 2 for 80-years operation

Initial licences issued by the Nuclear Regulatory Commission (NRC) for US commercial power reactors cover operation for up to 40 years; these can be renewed for an additional 20 years…

Rostekhnadzor approves Kursk II’s first unit’s readiness

The certificate, presented by Andrey Tyurin, Acting Head of the Don Interregional Territorial Administration for Nuclear and Radiation Safety, to Kursk Nuclear Power Plant Director Alexander Uvakin, (see picture above),…

EU Urges Southeast Asia to Diversify Oil Supply without Leaning on Russia  

The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than Russia, the EU’s foreign policy chief Kaja Kallas said on…

Asia’s LNG Imports Hit 7-Year March Low as War Chokes Qatari Supply

Asia’s LNG imports slumped in March to the lowest level in seven years for the month as the closed Strait of Hormuz trapped the supply and Qatar declared force majeure…