Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply

The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply…

Why Has the WTI Oil Price Surpassed Brent?

Why has the West Texas Intermediate (WTI) oil price surpassed Brent? That was the question Rigzone asked Art Hogan, chief market strategist at B. Riley Wealth, and Phil Flynn, a…

Top Stories Of The Day: Cosmic PV Files ₹640 Cr IPO; Neuron Launches BESS Facility and More…

Surat-based Cosmic PV Power has filed its draft red herring prospectus with SEBI for a proposed ₹640 crore IPO. The issue is expected to include a fresh issue of ₹540…

OPEC+ Prepares Paper Oil Barrels While Exports Stall

OPEC+ is preparing to weigh another output increase this Sunday as the world’s most critical oil artery remains effectively shut. Eight core members of the group are expected to discuss…

Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies

TotalEnergies and Shell are among the companies interested in buying a majority stake in the Shenandoah oil and gas field that is being sold by Beacon Offshore Energy and HEQ…

Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth

Japan’s JERA and Commonwealth LNG have terminated a deal for the supply of liquefied gas to the Japanese firm, Reuters has reported, citing a filing with the U.S. Department of…

US Utility-Scale Solar Developers Rush To Safe Harbor Massive Capacity Ahead Of Internal Revenue Service (IRS) And Policy Deadlines

Representational image. Credit: Canva The US utility-scale solar sector has gone through an extraordinary period of “safe harboring” activity over the past 18 months, as developers worked urgently to secure…

Barro Alto Solar Complex Expands Its Capacity And Strengthens Renewable Generation In Brazil’s Electricity Sector

Photovoltaic energy in Brazil has gained new momentum with the start of operations at the Barro Alto Solar Complex, located in the municipality of Vila Propício. In March, the final…

Morro do Chapéu Project Reaches Key Milestone As 500 kV Medeiros Neto II–João Neiva 2 Line Begins Operation

The Morro do Chapéu Project has reached an important milestone in its mission to strengthen Brazil’s National Interconnected System (SIN) and support the growth of renewable energy in the northern…

Sonaura To Supply Albéa’s Scheßlitz Factory With Long-Term Solar Power Through New Private-Wire PPA

Representational image. Credit: Canva Private-wire renewable energy company Sonaura has entered into a long-term private wire Power Purchase Agreement (PPA) to deliver solar power directly to Albéa. The agreement is…