US Wants Allies to Pursue Energy Abundance Policies to Cap Prices, Official Says

(Reuters) – The United States wants its allies to engage in a policy of energy abundance to keep prices down, the U.S. Department of Energy’s deputy secretary, James Danly, said…

US Oil Field Production Rose to Record 13.6 Million bpd Last Week – EIA

(Reuters) – U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information…

US Crude Stocks, Gasoline and Distillate Inventories Fall, EIA Says

(Reuters) – HOUSTON, Oct 29 – U.S. crude stocks and gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories dropped by 6.86 million…

India’s Biggest Refiner Partners with World’s Top Crude Trader

India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude…

India Plans $11.3 Billion Bailout for State Power Firms

India is weighing a bailout package for its indebted state-owned power distribution companies that could be worth more than $11.3 billion (1 trillion Indian rupees), according to a draft plan…

Japan Tells Trump Tokyo Will Struggle to Ban Russian LNG Imports

Japan’s newly elected Prime Minister, Sanae Takaichi, told U.S. President Donald Trump at their meeting in Tokyo earlier this week that Japan would find it difficult to ban LNG imports…

Wood Mackenzie Pushes Back Peak Oil Demand Forecast to 2032

Global oil demand is set to peak in 2032, two years later than previously expected, due to solid petrochemical demand and sluggish U.S. and European electric vehicle sales, Wood Mackenzie…

  • Gas
  • October 29, 2025
Mazda shows off algae biofuel-powered car that captures CO2

Car manufacturer Mazda has unveiled a microalgae-fuelled concept car that is designed to capture carbon dioxide emissions from exhaust fumes while it is being driven. It showcased the car at…

Russian Oil Tanker Turns Back Under U.S. Sanctions Threat

An Aframax tanker carrying Russian crude to India has reversed course soon after leaving the Russian coast and is currently idling in the Baltic Sea, Kpler has reported, as cited…

Equinor’s Q3 Profit Misses Analyst Estimate Amid Lower Oil Prices

Equinor (NYSE: EQNR) booked lower-than-expected earnings for the third quarter as liquids prices dropped from a year earlier. The Norwegian energy major on Wednesday reported an adjusted operating income of…