Aramco CEO Warns Oil Inventories Are ‘Scarily Thin’
EU Electric Vehicle Sales Hit Record as Fuel Prices Surge
Indian State Firm BPCL Readies $3-Billion Bond to Fund Brazil oil Project
10 minutes with… Altura Energy
Air Liquide uses AI in over one-third of ‘critical processes’
AI chip demand to drive Air Liquide electronics sales above €4bn by 2030
Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks Release
Hormuz LNG Flows Still Down More Than 75% Despite Rebound
Japan Rules Out More Reserve Releases After G7 Pledges 100 Million Barrels
South Korea Plans to Triple Canadian Crude Imports as Saudi Share Slips
PM Surya Ghar Scheme Solarises 40 Lakh Households, Accelerating India’s Rooftop Solar Growth
Representational image. Credit: Canva The PM Surya Ghar: Muft Bijli Yojana has achieved a major milestone, with 40 lakh households across India now equipped with rooftop solar systems, according to…
Oil Falls on Hopes for US-Iran Ceasefire Agreement
By Brent and WTI register steepest weekly losses since April US-Iran ceasefire deal not finalised US crude, gasoline and distillate stockpiles fell last week -EIA HOUSTON, May 29 (Reuters) –…
Devon Energy Gets $8 Billion Offer for Marcellus Position, Sources Say
By and Stone Ridge offers around $8 billion for Devon’s Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil…
US Crude Production Largely Steady on the Month in March, EIA Says
(Reuters) – U.S. crude production was largely steady in March at 13.7 million barrels per day, according to the Energy Information Administration on Friday. Crude production in Texas fell to…
Chevron Won’t Pay Toll to Move Ships Through Hormuz, CEO Tells Bloomberg TV
(Reuters) – U.S. oil and gas major Chevron will not consider paying a toll to move ships through the Strait of Hormuz, CEO Mike Wirth told Bloomberg TV on Friday.…
Political Understanding Between Iran and US Not Yet Finalised, Iranian Source Says
(Reuters) – A political understanding has been reached between Iran and the United States over the Iran war, but it has not yet been finalised, a senior Iranian source told…
Record-Low U.S. Shale Well Backlog Curbs Fast Output Gains Amid Export Surge
(Reuters) – U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories…
US Drillers Add Oil, Natural Gas Rigs for Sixth Straight Week, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes…
India’s Central Bank Warns Oil Shock Threatens Growth
India’s economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation,…
Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal
Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures…
