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
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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
Construction of Bushehr nuclear power units ‘remains a priority’
Russia’s state nuclear corporation Rosatom is in the process of building two VVER-1000 units at the Bushehr Nuclear Power Plant in Iran. There is already one operating unit at the…
Second tier installed for Leningrad inner containment building
The new phase of the plant – known as Leningrad II – features two VVER-1200 units, commissioned in 2018 and 2021 respectively, with a third and fourth new unit currently under…
Study highlights economic impact of US fleet of AP1000s
The study – carried out by PricewaterhouseCoopers LLC (PwC) for Westinghouse and its owners Brookfield and Cameco – says that the construction phase of a 10-unit AP1000 fleet could generate…
US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On
The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as…
COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock
By LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating…
Trump Announces New US Refinery Backed By India’s Reliance
By and India’s Reliance to invest in refinery, buy output Deal likely to reduce trade deficit with India Fuel prices spike as US, Israel attack Iran HOUSTON, March 10 (Reuters)…
COMMENTARY: Iran War Shatters Trump’s Case for Fossil Fuels
By LONDON, March 11 (Reuters) – The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years – first with Russia’s…
COMMENTARY: The Dangerous Politics of US Oil-Driven Redistribution
By LONDON, March 11 (Reuters) – U.S. stock market indexes have weathered this month’s oil shock well so far because investors expect only a glancing overall GDP hit from higher…
Activist Shareholders Challenge BP on Rejected Climate Resolution
Green activist investor Follow This has vowed to fight BP in court after the supermajor did not include a Follow This-led resolution to explain how the company takes investment decisions…
G7 Backs Oil Reserves Release to Curb Middle East Supply Crunch
The G-7 group of the world’s most advanced economies support in principle the idea to release strategic petroleum reserves to calm the market as supply from the Middle East is…
