Latest Articles
US-Venezuela Oil Deal: 65 Billion Barrels, a 35% Stake and Big Execution Doubts
The announced agreement would give Washington preferential access to Venezuela's largest oil fields, but sanctions, a $1...
Brent up 1.5% to $89 after US strikes Iranian rocket launchers on Larak Island
US Central Command confirms strikes on two IRGC rocket launchers on Larak Island after forces were seen preparing rocket...
Trump Claims Majority U.S. Control of 65 Billion Barrels of Venezuelan Oil
The White House says a deal with Venezuela's interim government gives U.S. companies access to vast reserves at no taxpa...
Iran Conditions Hormuz Reopening on U.S. Compliance Amid Khamenei Unity Call
As Iran's Supreme Leader calls for Muslim unity against the U.S. and Israel, Tehran says the Oman-brokered Strait of Hor...
DNV Launches Four-Step Energy Resilience Framework as Survey Finds Strategy Gaps
DNV’s From Concern to Control paper pushes energy operators to embed resilience in investment decisions after a survey o...
Tanzania's 2,115 MW Julius Nyerere Dam Doubles Power Capacity and Opens Export Push
The Rufiji River hydropower project lifts Tanzania's generation capacity to 4,646 MW against peak demand of 2,271 MW, le...
Ossiomo Power says Ologbo vandalism has shut output for 10 months despite N182m CSR spend
The Edo State plant alleges local youths, some reportedly acting with a Chinese contractor, have blocked its gas station...
Brazil's Grid Operator Triggers Second Emergency Generation Cut as Solar Surplus Grows
ONS ordered distributors to curtail small hydro, biomass, wind and solar output on Sunday to prevent oversupply, reignit...
Montenegro Adds €500,000 in Hotel Energy-Efficiency Grants, Capping Awards at €50,000
A second Eko-fond call will co-finance solar, heat-pump, LED and building-management upgrades for hotels, with new eligi...
India Now Has More Renewable Capacity Than Fossil Fuels, but the Grid Can’t Use It All
Solar drove an 81 GW jump in India's clean power capacity to 331 GW, yet clean sources still supplied only about a fifth...
Refining Crisis from Iran War Keeps Diesel and Gasoline Prices Under Pressure
Crude has retreated from wartime peaks, but fuel cracks, inventories and refining outages point to a prolonged diesel-ga...
US Diesel Prices Jump 19.7 Cents to $5.454, Highest Since May
The national average diesel price hit $5.454 per gallon after a 19.7-cent weekly jump, adding fuel-surcharge pressure as...
European Gas Storage Hits 61.37% as Injection Rates Trail Five-Year Average
GIE data show EU gas storage at 61.37% on Aug. 17, 17.06 points below the five-year average, with August LNG imports for...
German Gas Storage at 50% as TTF Hits Eight-Month High: Regulator Presses Traders
Germany's gas reserves are roughly half full weeks before the key injection period ends, with the Dutch TTF contract at ...
Hormuz Shipping Attacks Escalate as US Vows Unprecedented Pressure on Iran's Economy
Attacks on ADNOC and bulk-carrier vessels in the Strait of Hormuz have driven Brent crude up nearly 6% this week as Wash...
Niger Signs $1.9bn Deal for Third-Largest West African Refinery in Dosso
The 100,000 barrel-per-day Dosso refinery and petrochemical complex would quintuple Niger's refining capacity and target...
US-Iran War Exposes a Fragile Oil Buffer: How Many Barrels Can Actually Be Released?
The IEA says 1.5bn barrels cover 300 days at a 5m b/d deficit, but unusable commercial stocks and a degraded US SPR cut ...
RWE Lifts First-Half Earnings and Ups Grid, Renewables Investment to €42bn
Stronger wind, storage and flexible generation pushed RWE's first-half adjusted EBITDA to €3bn, while a majority Amprion...
US Army Corps Approves Tunnel for Enbridge's Line 5 Under Great Lakes
A final federal permit clears Enbridge to build a 6.4 km tunnel beneath the Straits of Mackinac for the aging Line 5 pip...
Brazil's Power Distributors to Spend R$20bn on Grids as El Niño Hits
Extreme weather has forced Light, Neoenergia, Energisa and Enel to accelerate network automation, expand crews and rewri...
Solar Firms Seek Battery Storage and Policy Continuity for PM Surya Ghar Next Phase
Consultations for the next phase of India's rooftop solar scheme focus on battery integration, differentiated subsidies ...
Peter Thiel's Fund Takes $76 Million Stake in Argentina's Vista Energy
A new 13F filing shows Thiel Macro holding nearly 1.2 million Vista shares, making the Vaca Muerta oil exporter its larg...
Rhine Drought Leaves Eastern French Service Stations Short of Petrol
Water at Kaub has fallen to 130cm, forcing barges to cut fuel cargoes by 80% and leaving up to half of Haut-Rhin and Bel...
Washington’s Hormuz Export Claims Clash With Tanker Tracking Data
Kpler and JPMorgan data challenge Energy Secretary Chris Wright's claim that Gulf oil exports have returned to pre-war l...
Europe's Heatwave Curbs Nuclear Power and Leaves Gas Storage Dangerously Thin Before Winter
Extreme heat is forcing nuclear shutdowns in Romania, France and Hungary, while low rivers and a blocked Strait of Hormu...
Petrobras Sees Amapá Ultra-Deepwater Oil Production Within Seven Years After Foz do Amazonas Find
Hydrocarbons in the Morfo well point to a new Brazilian frontier; CEO Magda Chambriard says Amapá could be producing ult...
European Gas Prices Rise 1% to $727 on Middle East Risk
Front-month TTF futures traded at $726.50 on ICE Friday evening, up 0.9% from a $720 settlement, as Middle East conflict...
Kazakhstan's $160bn Kashagan Arbitration Tests Oil Majors and Resource Nationalism
Astana says graft-inflated contracts delayed Kashagan by a decade; NCOC rejects the claims in an arbitration that could ...
Trump Says He Will Declare Strait of Hormuz U.S. Territory; Iran Vows to Keep Blockade
The president's remark at a New York rally drew a sharp Iranian rebuke as the strategic oil chokepoint stays shut and U....
Croatia’s Geoenergija and KazMunayGas Register Kazakh Oil Exploration Venture
Croatia’s state-owned Geoenergija and Kazakhstan’s KazMunayGas have formed Shygys Operating to explore a 2,400 sq km Akt...