Oil Prices Rise on Doubts US-Iran Peace Talks Will Ease Hormuz Disruption

Summary US expresses optimism on reaching a deal with Iran Iran offers proposal allowing ships to exit Oman side of Hormuz free of attack US ​crude, fuel stocks fall on…

US Warns That Buyers of Iranian Oil Could be Hit With Sanctions 

Summary US imposes new sanctions on Iran’s oil transportation infrastructure US Treasury secretary warns of secondary sanctions on buyers, including ​Chinese banks Moves come as the US enforces maritime blockade…

Oil Prices Steady as Traders Balance Diplomatic Progress With Physical Shortages

Oil prices were flat in early Asian trade on Thursday as tentative signs of diplomatic progress between Washington and Tehran were offset by continued and intensifying supply tightness. At the…

Repsol Returns to Venezuela With Ambitious Production Growth Plan

Spain’s Repsol will return to Venezuela after it signed a new deal with the Venezuelan government, with plans to increase crude oil production in the country by 50% from current…

China’s Refinery Runs Slip as War Squeezes Crude Supply

Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with…

European Buyers Eye Canadian LNG to Diversify Supply

European energy companies are eyeing purchases of Canadian liquefied natural gas in search of supply diversification in challenging times, according to a Reuters report citing unnamed sources familiar with the…

Rystad Says Energy Repair Costs from War Could Hit $58B

In a market update sent to Rigzone on Wednesday, Rystad Energy noted that its analysis shows that repair and restoration costs for energy-linked infrastructure, as a result of war in the…

Desert Solar Innovation Tackling Heat And Dust To Maximize Efficiency

Representational image. Credit: Canva The global solar energy sector is growing rapidly, but the focus is now shifting from just adding more capacity to improving performance, especially in challenging environments.…

International Energy Agency Brings 200+ Global Energy Leaders To Mexico City To Boost Efficiency And Energy Security

Policymakers and industry leaders from across Latin America and the Caribbean gathered in Mexico City this week to exchange knowledge and best practices on strengthening energy efficiency as a pathway…

  • Gas
  • April 16, 2026
GMT secures £195m to scale UK biomethane projects

By 41 min ago 2 min read Biomethane plant developer GMT has secured £195m ($265m) in project finance to support the rollout of UK-based plants as it targets 1TWh of…