Japan’s JERA Creates Oil Storage Firm to Manage National Reserve Sites
Alaska LNG Hinges on How Much Asian Buyers Will Pay for Energy Security
WTI Sinks Nearly 4% as EU Weighs Emergency Stockpile Release
Latest Dallas Fed Survey Reveals Theme Among Respondents
What is the near-term feasibility of helium-3 fuel for fusion power?
UN Says Global Fuel Subsidies Could Top $1 Trillion
JERA CEO Warns LNG Prices Have Further to Climb
Scaling up: Blue Star’s next phase in Colorado
Shougang, Rio Tinto commission carbon capture trial facility at China steel plant
Oil Prices Come Under Pressure
US Natural Gas Drops on Cooler Outlooks as July Contract Expires
By US natural gas futures settled much lower in the final day of trading for the July contract as midday forecasts shifted to show cooler weather compared with overnight outlooks.…
US Energy Firms Add Most Rigs in a Week Since June 2022, Baker Hughes Says
(Reuters) – U.S. energy firms had the biggest weekly increase in rigs since June 2022, energy services firm Baker Hughes said in its report on Friday. The total oil and…
US Diesel Refining Economics Remain Firm Despite Iran War Truce
(Reuters) – The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist…
US Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIA
(Reuters) – U.S. refining capacity fell by 263,000 barrels per day (bpd), or 1.43%, in 2025, driven by the planned conversion of a major Houston refinery and a Los Angeles-area…
Qatar Offers First Crude Loadings to Buyers Since War Began
Qatar is tendering crude for loading outside the Strait of Hormuz in July and August, in what is likely the first Qatari crude offering to buyers since the Iran war…
China’s Crude Imports Set to Hit Weakest Level Since 2016
Chinese crude oil imports this month are on course to book an even weaker month than May, according to Kpler data, which sees the daily average at just 6.4 million…
Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant
Kazakhstan has slashed by a quarter natural gas production at the huge Karachaganak oil and gas field after Ukraine earlier this week hit with drones a Russian plant processing part…
Hormuz Shipping Confidence Is Still Shaky
Traffic through the Strait of Hormuz has picked up over the past week but shipowners remain cautious about transiting, especially after the Thursday attack in the Gulf of Oman on…
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the…
Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit
European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group…
