Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Petroleras logran ganancias récord mientras conflicto en Irán dispara precios energéticos
Las grandes petroleras mundiales reportan ganancias históricas mientras el conflicto en Irán dispara los precios del petróleo y la gasolina, generando presión…
HighUS Strategic Petroleum Reserve hits lowest level since 1982
US Strategic Petroleum Reserve oil stocks fell by 3.7 million barrels, reaching their lowest level since 1982, signaling potential energy security concerns.
HighSaudi Arabia shuts East-West pipeline after drone attack traced to Iraq
Saudi Arabia has shut its critical East-West oil pipeline following a drone attack, with Riyadh attributing the strike to Iraqi origins. The pipeline bypass ro…
HighNigeria's crude supply to refineries falls short at 46% of allocation in Q1 2026
Nigerian crude producers delivered only 46% of allocated volumes to domestic refineries in Q1 2026, with pricing disputes between producers and refiners cited…
HighMalaysia maintains fuel subsidies despite global energy crisis, spending surges to RM5B monthly
Malaysia continues subsidizing RON95 petrol and diesel despite global oil price volatility, with subsidy costs surging to RM5 billion monthly by May 2026 as th…
HighSaudi Arabia Shuts Pipeline After Iraqi Drone Strike, Oil Spikes to $110
Saudi Arabia shut down a crucial pipeline following a drone attack from Iraq, sending oil prices to $110/barrel amid escalating Middle East tensions.
HighStudy maps oil spill risks across Brazil's Equatorial Margin
A peer-reviewed study identifies Ceará and Rio Grande do Norte coasts as highest-risk zones for oil spill impacts in Brazil's Equatorial Margin, while warning…
HighRuptured Pipeline Spills 2,400 Gallons of Crude Oil Into East LA Streets and River
A ruptured underground pipeline spilled approximately 2,400 gallons of crude oil into East Los Angeles streets, with contamination reaching the LA River throug…
HighPakistan Braces for Fuel Price Hikes Up to Rs6/Litre from November 16
Pakistan's petrol and diesel prices are expected to increase by up to Rs6 per litre in the November 16 fortnightly review, driven by global oil market fluctuat…
HighPakistan to adjust petrol, diesel prices from December 16 amid global oil shifts
Pakistan will adjust fuel prices from December 16, with petrol rising slightly to Rs253/liter while diesel drops Rs4 to Rs254.50/liter, reflecting global oil m…
HighDOJ and FTC urge states to investigate illegal activity behind high gas prices
The DOJ and FTC are urging states to investigate and enforce laws against illegal activity driving high gas prices, including potential price-fixing by oil com…
HighCommercial LPG surges Rs 195.50 on West Asia conflict; domestic rates hold
Commercial LPG cylinder prices jumped Rs 195.50 on April 1 due to global oil price surges linked to West Asia conflict, while domestic cooking gas rates remain…
HighHungary faces critical energy crisis as drought forces nuclear shutdown
Hungary's PM warns of critical days ahead as extreme drought threatens nuclear power plant operations and river transport, risking widespread power cuts across…
HighBP Explored $4.5B Devon Energy Eagle Ford Deal, Sources Say
BP explored a potential $4.5 billion acquisition of Devon Energy's Eagle Ford shale assets in south Texas but ultimately walked away from the deal, signaling s…
MediumUAE exits OPEP to assert oil independence, challenging Saudi dominance
United Arab Emirates withdraws from OPEC, breaking with the cartel to gain independent control over its oil production and challenge Saudi Arabia's dominance i…
HighFuel prices set for fourth straight week of increases amid US-Iran tensions
Diesel and gasoline prices in the Philippines are expected to rise for the fourth consecutive week due to US-Iran tensions, OPEC+ production decisions, and inc…
HighOil tanker hijacked off Yemen, diverted to Somalia amid resurgent piracy
A petroleum tanker was hijacked off Yemen's coast and diverted to Somali territorial waters, marking a resurgence of piracy as regional instability diverts nav…
MediumQatarEnergy extends force majeure on 21 LNG cargoes to Edison
QatarEnergy has extended force majeure on four additional LNG cargoes to Edison, bringing total undelivered volumes to 21 cargoes (2.7 bn cubic meters) since A…
HighNZ petrol hits six-month high as Middle East conflict disrupts global oil supplies
New Zealand petrol prices hit their highest level since June as Middle East conflict disrupts global oil supplies, with a critical Saudi pipeline attacked by d…
HighGermany scraps failed fuel price rule as energy crisis deepens
Germany's motoring association ADAC calls for scrapping a rule limiting gas price increases to once daily at noon, saying it has failed to lower prices and ins…
HighOil prices ease as Saudi Arabia reroutes crude amid pipeline disruptions
Oil prices fell as Saudi Arabia made additional crude available to Asian refiners via ship-to-ship transfers, easing concerns over pipeline disruptions. Brent…
HighAmpol acquires Evie Networks for $225m, tripling EV charging capacity
Fuel giant Ampol has acquired Evie Networks for $225 million, tripling its EV charging bays to 1,425 as Australian electric vehicle sales surge to 25% of new c…
HighEquinor Seeks European Backing for Pricier Gas Projects Amid North Sea Decline
Norwegian energy company Equinor is testing whether European governments will commit to longer-term contracts for more expensive oil and gas projects to stabil…
HighOil marketers urge Ghana to suspend GH¢1 fuel levy as prices surge
Ghana's Chamber of Oil Marketing Companies urges government to suspend the GH¢1 fuel levy to cushion consumers from rising global oil prices and exchange rate…
HighIndia raises commercial LPG allocation to 50%, prioritizes restaurants and food processing
India's government raised commercial LPG allocation to 50% to address supply disruptions caused by West Asia conflict, prioritizing restaurants, food processin…
HighGulf States Adapt to Iran's Strait of Hormuz Control Amid Stalled Negotiations
Gulf states are accepting Iran's control of the Strait of Hormuz as negotiations stall, with oil and natural gas prices rising amid the geopolitical deadlock a…
HighOil Prices Rise Ahead of US Petroleum Inventory Data
Oil prices edged higher on Tuesday as traders awaited weekly US petroleum inventory data. WTI crude rose 0.8% to $59.64/barrel ahead of API and EIA reports.
HighDrone strikes ignite major fire at Libya's Zawiya refinery; car bomb kills officer
Drone strikes targeted Libya's Zawiya oil refinery, sparking massive fires, while a car bomb killed an officer in the eastern region, escalating violence acros…
HighGas prices dip below $4 a gallon amid Iran deal, easing supply concerns
U.S. gas prices fell below $4 per gallon for the first time in nearly three months following a U.S.-Iran agreement that eased oil supply concerns and reopened…
HighFour Canadian Dividend Stocks Worth Buying This November
The Motley Fool Canada recommends four dividend-paying stocks for Canadian investors in November: Enbridge, Bank of Montreal, RioCan, and Telus, citing stable…
MediumCNG prices surge Rs 2.50/kg in Delhi-NCR amid global gas spike
Indraprastha Gas Limited raised CNG prices by Rs 2.50 per kg in Delhi-NCR, with Delhi now at Rs 66.61/kg. This marks the seventh price revision in a month, dri…
HighBP entra en Uzbekistán con participación del 40% en proyecto PSA de hidrocarburos
BP acquires 40% stake in production-sharing agreement for six hydrocarbon blocks in Uzbekistan's Ustyurt Norte region, partnering with SOCAR and Uzbekneftegaz…
HighGas prices expected to hit $4.80 average this summer amid Middle East tensions
U.S. gas prices are expected to average $4.80/gallon this summer, with potential to reach record highs due to Middle East supply disruptions and seasonal deman…
HighDelhi CNG Prices Rise Again as Oil Companies Pass on Middle East Crisis Costs
CNG prices in Delhi-NCR increased by Re 1 per kg to Rs 81.09, marking the third hike in 10 days as oil companies pass on elevated energy costs from Middle East…
HighDiesel prices set to drop while gasoline climbs next week
Diesel prices are projected to decline by P0.10/liter next week while gasoline prices are expected to rise P0.40-0.60/liter due to global supply dynamics and r…
HighUkraine strikes Russian oil facility in Yaroslavl, 700km from border
Ukrainian forces struck a Russian oil facility in Yaroslavl, over 700km from the border, in what President Zelenskiy described as retaliation for Russian attac…
HighUAE accelerates West-East pipeline to double oil exports, bypass Strait of Hormuz
Abu Dhabi is fast-tracking construction of a second West-East pipeline to Fujairah, expected online in 2027, to double ADNOC's export capacity and reduce vulne…
HighDangote's $2.1bn refinery IPO opens Africa's largest share sale to public
Nigerian billionaire Aliko Dangote launches Africa's biggest share sale, offering 3% of his oil refinery to the public in a deal potentially raising $2.1bn, ai…
HighCNG prices surge again in Delhi-NCR as Middle East tensions squeeze fuel costs
CNG prices in Delhi-NCR increased by Re 1 per kg on May 17, marking the second hike in two days, driven by the Strait of Hormuz blockade amid Middle East confl…
HighOil Falls on Hopes for U.S.-Iran Peace Talks Progress
Oil prices decline as markets anticipate progress in US-Iran peace negotiations, with Trump's statements and OPEC+ decisions influencing crude valuations amid…
MediumAt least 37 dead in Nigeria oil theft attempt; authorities probe incident
At least 37 people died attempting to illegally siphon crude oil from a vessel in Nigeria's Niger Delta, mostly from inhaling hazardous fumes. Nigerian authori…
MediumAramco y Emerson desarrollan soluciones digitales para gestión predictiva de corrosión
Saudi Aramco and Emerson collaborate to develop next-generation corrosion management solutions using ultrasonic sensors, wireless connectivity, and real-time d…
HighEastern Europe's Nuclear Crisis: Danube Drought Forces Desperate Water Measures
Severe drought along the Danube River is forcing Romania and Hungary to take emergency measures to maintain nuclear power operations, with Romania blasting roc…
HighAlberta and Ontario propose 2,050-mile 'Northern Shield' pipeline to move western oil eastward
Alberta and Ontario governments unveiled plans for a 2,050-mile 'Northern Shield' pipeline to transport western Canadian oil eastward, aiming to reduce relianc…
HighKenya breaks ground on $16B Dangote refinery, reshaping East Africa's energy future
Kenya is set to break ground on a $16 billion Dangote oil refinery in Lamu, reshaping East Africa's energy sector after regional diplomatic tensions over the p…
HighTrump administration taps Venezuela oil reserves after military operation removes Maduro
Energy Secretary Chris Wright says a 30-minute US military operation removing Nicolás Maduro has enabled Venezuela's oil production to more than double by end…
MediumUAE accelerates second pipeline to bypass Iran blockade, doubling crude exports by 2027
The UAE is fast-tracking construction of a second oil pipeline to double export capacity and circumvent Iran's 11-week blockade of the Strait of Hormuz, target…
HighArgentina demandará a Navitas por operar en Malvinas sin autorización
El Gobierno argentino presentará denuncia penal contra subsidiarias de la petrolera israelí Navitas por operar sin autorización en Malvinas, alegando violación…
HighUS Strategic Oil Reserve Hits 43-Year Low Amid Hormuz Shipping Disruptions
US Strategic Petroleum Reserve has fallen to its lowest level since 1983, dropping 5.1 million barrels, while crude inventories build and Strait of Hormuz ship…
HighOil prices rise on supply tightness concerns ahead of winter
Oil futures edged higher as markets focus on supply constraints ahead of winter, with concerns about crude stockpiles at key U.S. storage hubs falling below mi…
High