PowerChina Secures $1.9 Billion Solar And Storage Project In Abu Dhabi

Representational image. Credit: Canva PowerChina has secured a major contract worth $1.9 billion for a large solar and energy storage project in Abu Dhabi, marking an important step in the…

China’s Sinopec not Buying Iranian Crude despite U.S. Waiver

Chinese state oil giant Sinopec, Asia’s biggest refiner by capacity, will not buy Iranian oil even after the U.S. waiver on purchases of crude from Iran loaded on tankers as…

Oil Prices Spike as Iran Denies U.S. Talks and Traders Refocus on Supply Risk

Oil prices were spiking again in early Asian trade on Tuesday, reversing part of the previous session’s steep losses as Iran denied claims that it had engaged in negotiations with…

Saudi Arabia, Kuwait Push Energy Deals despite War

Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that’s seen Iran target oil and gas infrastructure across the Middle East…

Europe’s Gasoline Exports Shift to Asia as War Roils Fuel Markets

Europe’s gasoline exports have started to increasingly shift to Asia in recent weeks as the crude supply shock in the Middle East is tightening Asian fuel supply.  Europe usually ships…

LNG Exports Plunge to 6-Month Low as War Throttles Supply

Worldwide LNG exports have plunged in the past week to a six-month low as Middle Eastern supply collapsed with the de facto closed Strait of Hormuz and the outage at…