Energy
Oil, gas, power, renewables and the energy transition.
354 articles
Ukraine's Filling Stations Cap Diesel Sales as Fuel Shortage Deepens
Ukrainian fuel retailers are restricting diesel purchases to 50–100 liters per customer as supply tightens, prices keep ...
CNNC Executive Urges State Financing to Win Global Nuclear Orders
At China's top political advisory meeting, CNNC deputy general manager Xin Feng called for stronger state coordination a...
Fusion's best-funded firm raises another $1bn, hires the banker behind Moderna's IPO
Commonwealth Fusion Systems has raised another $1 billion — roughly 30% of all fusion investment ever — and hired Modern...
Hungary Shuts Paks Nuclear Plant for First Time in 44 Years as Danube Hits Record Low
Record-low Danube levels are forcing Hungary to take its only nuclear plant offline, risking power import costs of up to...
US Treasury Extends MOL's NIS Talks License With Gazprom Neft to Aug 28
OFAC has extended Hungary's MOL authorization to negotiate the purchase of Serbia's NIS from Gazprom Neft until August 2...
Drone Strike Near Suez Lays Bare Oil's New Vulnerability: Every Chokepoint Is Now a Target
A drone attack on tankers at Egypt's Damietta port shows how low-cost drones could seal off the Red Sea end of the oil t...
China's Waning LNG Demand Weakens Case for Planned Export Projects
Beijing's energy self-sufficiency push has cut projected LNG demand growth by up to 22 million tons, eroding the need fo...
Heineken's Heat Battery, BP's Solar Exit and an FCC Inverter Ban: This Week in Cleantech
A renewable heat battery for a Portuguese brewery, 90 GW of data center power plans, a $7.6B grant reversal and BP's sol...
ABB Launches Ultracapacitor Platform to Help Irish Data Centres Meet EirGrid's New Grid Rules
EirGrid's tightening rules require Irish data centres to actively stabilise the power grid; ABB's new ultracapacitor pla...
Brazil Raises Gasoline Ethanol Blend to 32% as Government Targets Fuel Imports
Brazil's energy policy council approved raising the mandatory ethanol blend in gasoline from 30% to 32% in a bid to cut ...
ExxonMobil and Chevron Post Multi-Billion Q2 Profits as Hormuz Strife Drives Record Refining Margins
ExxonMobil netted $14.5 billion and Chevron $12.1 billion in the second quarter, fuelled by war in Iran and a bottleneck...
Crude Oil Falls as Strait of Hormuz Flows Pick Up, Monthly Rally of 20% Endures
Brent and WTI futures eased on Friday as tanker traffic through the Gulf chokepoint increased, but both benchmarks are s...
Kuwait Petroleum Shifts to Delivered Crude Tender for Asia as Red Sea Peril Mounts
State-owned KPC offered a spot cargo of 55,000 tonnes of full-range crude on a delivered ex-ship basis, banning resale, ...
Colombian Power Generators: Strengthen Institutions and Pay Debts to Secure Energy Supply
As a new government prepares to take office amid El Niño, Colombia’s power generation sector says institutional stabilit...
Turkmenistan Tests Offshore Oil Spill Response on Caspian Platform
State agencies simulate a major leak and fire at the Djygylbeg field, assessing coordination ahead of any real incident.
European Gas Prices Slip Below $690 as Market Digests Geopolitical Premium
TTF benchmark futures edged lower on Friday, trading around $688 per thousand cubic metres, after months of sharp swings...
India's Rs 84,000 Crore Deep-Sea Mission Set for Cabinet Nod, Aiming to Slash Oil Import Bill
The Samudra Manthan programme will fund up to 50% of high-risk exploratory well costs, de-risk private investment, and m...
Portugal revives EU windfall tax push with new oil profit levy
Portugal approved a temporary tax on oil sector windfall profits to fund household support and energy transition, joinin...
Vermilion Fights to Keep 450 French Oil Wells Operating Past 2040
The largest oil producer in France is lobbying to extend its concessions beyond the 2040 phase‑out, arguing that the gov...
Hungary’s Paks Nuclear Outage Could Spark Power Restrictions Amid Heatwave
With all 2,000 MW of the Paks nuclear plant offline and a heatwave driving peak demand, grid operator Mavir has asked la...
Shell Triples Quarterly Profit to $10.8bn on Soaring Oil and Gas Prices
UK energy major Shell posted its best quarterly result since 2022, driven by elevated crude, gas and LNG trading margins...
Oil Swings as Saudi-Led Red Sea Defense Pact Eases Supply Fears, But Hormuz Risk Lingers
Brent crude briefly topped $93 before turning lower, pulled between a 14-nation naval coalition for Red Sea security and...
Brazil to Auction Union Gas Directly to Industry, Minister Says Firms Are ‘All Equal’
New rule permits state-owned PPSA to sell the Union’s natural gas directly to chemicals, fertilizers and power generatio...
Oil Futures Dip After US Strikes Iran, But Diesel Crisis Fuels Price Fears
U.S. retaliation against Iran triggered a partial retreat in crude prices, but a global diesel shortage, refinery outage...
US Trade Body Awards $5.7M for Green Hydrogen Study in Morocco Despite Trump’s Energy Shift
A $5.7 million U.S. grant to study green hydrogen in Morocco highlights contradictions in America’s energy policy while ...
Russia Extends Gasoline Export Ban to January 2027, Eases Diesel Restrictions for Producers
The Russian government has re-imposed a temporary ban on gasoline exports from August 1 to January 31, 2027, while allow...
Saudi Arabia Strikes Iran-Backed Militias After Drone Attacks on Oil Facilities
Riyadh joined US airstrikes on militia targets in Iraq after a wave of drone attacks on its petroleum infrastructure, si...
Toxic Fracking Waste Resurfaces in Ohio Town, Endangering Water Supply
Millions of tons of radioactive fracking wastewater injected underground in Ohio are surfacing in Marietta. Seismic acti...
Brent Holds Gains, WTI Slips as Oil Market Weighs US Strikes on Iran
Oil prices saw muted moves Thursday after the steepest rally in months, as traders assessed US airstrikes on Iran agains...
Bangladesh’s Gas Shortages Squeeze Garment Exports, Threatening Global Competitiveness
Chronic natural gas shortages are eroding Bangladesh’s position as the world’s second-largest apparel exporter, raising ...