Japan Moves to Release Oil Stockpiles as Energy Crisis Deepens

Japan is preparing to start releasing crude oil from stockpiles held jointly by the country and oil producers as well as national stocks, Prime Minister Sanae Takaichi said in an…

Tanker Carrying Iraqi Oil Crosses Hormuz

A very large crude carrier under a Panama flag has passed through the Strait of Hormuz carrying 2 million barrels of Iraqi crude, Bloomberg has reported, citing ship-tracking data. This…

China’s Green Energy Stocks Surge as Middle East War Upends Oil Markets

Shares of Chinese battery makers and green energy manufacturers have jumped since the start of the war in the Middle East as investors bet on higher global demand for renewable…

This Is Not a Textbook Oil Shock

This is not a textbook oil shock; it is a multidimensional disruption. That’s what EY-Parthenon Chief Economist Gregory Daco said in a statement sent to Rigzone late Monday, adding that “the…

Top Stories Of The Day: NTPC UP Green Energy Seeks Solar-BESS EOI; KERC Notifies Demand Flexibility Rules and More…

NTPC UP Green Energy has invited expressions of interest for a 100 MW solar project paired with a 50 MW/200 MWh battery energy storage system in Uttar Pradesh. The JV,…

Iraq Achieves Improved Grid Stability With Record Power Supply And Infrastructure Upgrades

Representational image. Credit: Canva Iraq’s Ministry of Electricity has reported a major improvement in the country’s power supply, bringing a period of stability that citizens have waited for many years.…