U.S. Sanctions Strand a Third of Russia’s Crude Exports at Sea

Nearly a third of Russia’s current seaborne oil export potential is now stuck in tankers as the U.S. sanctions upend crude flows and Russia’s top buyers, China and India, are…

Repsol Weighs Merger of $19 Billion Upstream Unit With APA, Bloomberg News Reports

(Reuters) – Spain’s biggest refinery operator Repsol SA is considering a reverse merger of its upstream unit with potential partners, including U.S. energy producer APA, Bloomberg News reported on Thursday,…

US Crude Stocks Rise, Fuel Inventories Fall on Higher Demand, EIA Says

(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week on stronger demand, the Energy Information Administration said on Thursday. Crude inventories rose by 6.4 million…

US Natgas Scales Highest Level Since March on Stronger LNG Exports, Cold December Outlook

(Reuters) – U.S. natural gas futures rose to their highest level since March on Thursday, supported by stronger liquefied natural gas (LNG) exports and forecasts for colder-than-normal weather in December.…

Blackstone Energy Transition Partners Announces $1.2 Billion Investment to Build First-ever Natural Gas Power Generation Facilit…

Project Expected to Create 500 Construction Jobs, Spur Local Economic Development Will Help Meet Rising Electricity Demand from Growing Economy and AI/Data Center Innovation NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE: BX), through funds…

Goldman Sachs Sees Global Oil Demand Growing Through 2040

(Reuters) – Goldman Sachs expects global oil demand to grow to 113 million barrels per day in 2040 from 103.5 mbpd in 2024, driven by rising energy needs and ongoing…

Trump Administration Revokes Biden-Era Limits on Alaska Oil Drilling

(Reuters) – The Trump administration on Thursday finalized its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed…

Is This Exxon’s New Climate Delay Tactic?

The oil giant is pushing for a new carbon accounting method, which worries climate advocates but shows Exxon is sticking with its emission-reduction goals despite Trump’s attacks on low-carbon energy…

Nigeria Scraps Plans for Fuel Import Duty in Blow to Local Refiners

Nigeria is abandoning plans to impose a 15% duty on imported refined petroleum products, which is a blow to its new private domestic refinery of billionaire Aliko Dangote.  “The implementation…

Belarus to build third unit at nuclear power plant

The decision was taken at a meeting on Friday, hosted by President Alexander Lukashenko. The government has stressed the need for new capacity and studies have been carried out to…