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.
India cuts export duties on petrol, diesel, ATF from June 1
India's government revised export duties on petrol, diesel, and aviation fuel effective June 1, adjusting rates to ₹1.5, ₹13.5, and ₹9.5 per litre respectively…
HighOil-Sensitive Stocks Rally as Crude Drops Below $95 on Easing Geopolitical Tensions
Indian oil marketing companies, airlines, and paint stocks surged as Brent crude fell below $95/barrel amid easing geopolitical tensions and renewed US-Iran di…
HighExxon advances talks to return to Venezuela's Orinoco Belt
Exxon is advancing negotiations to re-enter Venezuela's Orinoco Belt oil operations, signaling potential restoration of major energy sector ties after years of…
MediumChevron Confirms Major Oil and Gas Discovery Offshore Angola
Chevron has confirmed a major oil and gas condensate discovery offshore Angola, marking a significant win for its exploration program in the region.
HighNayara Energy Cuts Fuel Prices First Time in 2+ Years as Oil Markets Stabilize
Nayara Energy reduced petrol by ₹5/litre and diesel by ₹3/litre across 7,000+ stations, marking the first retail fuel price cut in over two years following dec…
HighIntelligence Firms Become Critical Infrastructure as Extraction Moves to High-Risk Zones
As net-zero goals drive 700% lithium demand growth, extraction companies are deploying specialized intelligence firms to manage above-ground risks in hostile j…
MediumIndia's Nayara Energy gasoline reaches Russia through traders amid fuel crisis
Russia is reportedly purchasing gasoline produced by India's Nayara Energy through international traders to address fuel shortages from Ukrainian attacks, circ…
HighWood wins Bul Hanine field redesign contract from COOEC for QatarEnergy
British engineering firm Wood has secured a contract from China Offshore Oil Engineering Company to redesign Qatar's Bul Hanine oil field, focusing on submarin…
HighGulf States Fear US-Iran Talks Will Entrench Tehran's Control Over Strait of Hormuz
Gulf states worry US-Iran negotiations may only secure the Strait of Hormuz without addressing broader regional threats, risking Iran's entrenched leverage ove…
HighDrone strikes on Libya's energy infrastructure deepen fuel and power crisis
Repeated drone attacks on Libya's oil and power infrastructure are deepening energy shortages as rival groups battle for control of the strategic city of Az Za…
HighPakistan Petrol Prices Set to Drop as Global Oil Rates Decline
Pakistan anticipates petrol and diesel price reductions of Rs10 per litre in mid-September due to falling global oil rates, though government levy increases co…
MediumFuel prices poised for 7th consecutive weekly rise amid US-Iran tensions
Gasoline and diesel prices in the Philippines are expected to rise for the seventh consecutive week due to US-Iran geopolitical tensions and Middle East uncert…
HighShell y Wison New Energies abren tecnología DMR al mercado de GNL flotante
Shell y Wison New Energies formalizaron un acuerdo para integrar la tecnología de refrigerante mixto dual (DMR) de Shell en unidades de gas natural licuado flo…
HighUS in Advanced Talks to Secure Major Stake in Venezuelan Oil Fields
The Trump administration is in advanced talks with Venezuela to secure a major stake in oil fields, potentially including OPEC exit discussions and long-term r…
HighUAE's OPEC Exit Signals Major Shift in Global Oil Power Dynamics
The United Arab Emirates' unexpected withdrawal from OPEC exposes deepening rifts within the cartel and threatens to destabilize global oil production coordina…
HighNigeria abre la puerta a la propiedad: Dangote lleva su refinería a Bolsa
La refinería de Dangote lanza una oferta pública inicial para financiar su expansión, buscando convertir a consumidores nigerianos en accionistas con inversion…
HighChevron Expands Venezuela Operations Following U.S.-Venezuela Oil Agreement
Chevron, the largest foreign oil operator in Venezuela, is expanding its operations following a recent U.S.-Venezuela oil agreement amid ongoing political and…
HighOPEC Raises 2027 Oil Demand Growth Forecast to 2.4M Barrels Per Day
OPEC lowered its 2026 global oil demand growth forecast while raising 2027 projections to 2.4 million barrels per day, citing supply adjustments and Saudi prod…
HighIndia cuts windfall tax on fuel exports as geopolitical tensions ease
India reduced export duties on diesel to Rs 23/litre and ATF to Rs 33/litre effective May 1, 2026, down from higher rates imposed in March-April amid Middle Ea…
HighNayara Energy cuts fuel prices as global oil rates ease
Nayara Energy reduced petrol by Rs 5/litre and diesel by Rs 3/litre, marking the first retail fuel price cut in over two years following eased West Asia tensio…
HighTrump Pressures Oil Refiners to Lower Gas Prices Amid Consumer Concerns
Trump is meeting with oil refinery executives and accusing them of price gouging as diesel and gasoline prices remain elevated despite industry cost pressures.
HighQatar LNG Plant Explosion Kills 13 in Industry's Worst Disaster in Decades
An explosion at Qatar's Ras Laffan natural gas facility killed at least 13 workers and injured dozens more during a plant restart, marking the industry's worst…
HighUS military downs Iranian drones, strikes radar sites near Strait of Hormuz
The U.S. military shot down four Iranian drones headed toward the Strait of Hormuz and struck Iranian coastal radar sites in response, escalating tensions over…
HighOil Nears $100 as Middle East Tensions Threaten Strait of Hormuz Shipping
Brent crude approaches $100/barrel as geopolitical risks from Iran-US tensions and Saudi energy infrastructure attacks threaten critical oil shipping routes th…
HighTrump claims U.S. deal to control Venezuela's 65 billion oil barrels
Trump announces U.S. has secured a deal to control 65 billion barrels of Venezuela's oil reserves, with Chevron reportedly in talks to expand operations in the…
MediumOil prices set for fifth consecutive weekly increase amid geopolitical tensions
Philippine pump prices are expected to rise for the fifth consecutive week, with diesel potentially increasing by up to P1/liter due to geopolitical tensions a…
HighGuyana's Oil Boom Accelerates Amid Middle East Tensions, Raising Development Stakes
Guyana becomes world's fastest-growing economy as Middle East tensions boost oil prices, but faces challenges diversifying beyond petroleum dependency and ensu…
HighDanube drought forces Romania to sink barges to keep nuclear reactor operational
Romania and Hungary face critical water shortages in the Danube River, forcing emergency measures to keep nuclear reactors operational amid record-low water le…
HighOil prices rise on supply tightness, China stimulus hopes
Oil prices edged higher as OPEC+ supply cuts tighten markets and China pledges economic stimulus, though global weakness from eurozone and U.S. data tempers ga…
HighQatarEnergy Extends LNG Force Majeure to Mid-August, Forcing Buyers to U.S. Supply
QatarEnergy extended its LNG force majeure into mid-August following Iranian strikes, forcing buyers like Edison to source replacement volumes from U.S. suppli…
HighGlenfarne and ConocoPhillips Seal 30-Year Gas Supply Deal for Alaska LNG
Glenfarne Alaska LNG and ConocoPhillips signed a 30-year commercial gas supply agreement to support the first phase of the Alaska LNG project, securing natural…
HighLas petroleras europeas duplican beneficios hasta junio por tensiones en Oriente Próximo
Las seis mayores petroleras europeas registraron beneficios conjuntos de 44.300 millones de euros hasta junio, un 100% más interanual, impulsados por la subida…
HighGigantes petroleros duplican ganancias mientras consumidores pagan más por combustible
Grandes empresas petroleras como Exxon y Chevron duplicaron y cuadruplicaron sus ganancias durante el segundo trimestre mientras la guerra en Oriente Medio int…
HighUAE exits OPEC in major shift for global oil cartel
United Arab Emirates announces its withdrawal from OPEC, citing concerns over the Strait of Hormuz crisis. The departure signals potential fragmentation within…
HighCNG prices surge Rs 3/kg in 48 hours as Delhi-NCR grapples with fuel cost spike
CNG prices in Delhi-NCR jumped Rs 1/kg on Sunday, marking the second hike in two days totaling Rs 3/kg. The increases follow global crude oil price spikes driv…
HighUS firms pursue Venezuela gold and oil deals as sanctions environment shifts
US companies including Heeney Capital, Continental Resources, and Exxon are advancing deals to operate gold mining and oil projects in Venezuela, marking incre…
HighHormuz traffic hits five-week low as US-Iran strikes escalate
Vessel traffic through the Strait of Hormuz fell to a five-week low with only six ships transiting on Sunday, as escalating US-Iran strikes and regional attack…
HighSaudi Arabia reroutes oil exports via Mediterranean pipeline amid Red Sea security threats
Saudi Arabia is increasing oil exports through Mediterranean pipelines and using indirect shipping routes to avoid Houthi attacks in the Red Sea, disrupting tr…
HighOil Rallies on Iran Unrest as Venezuela Supply Offsets Price Gains
Oil prices climbed on geopolitical tensions from Iran's civil unrest threatening 1.9M barrels daily, offset partially by Venezuela's anticipated return to expo…
HighPakistan set to raise petrol, diesel prices from February 1
Pakistan's government is expected to increase petrol and diesel prices from February 1, with petrol rising Rs3/litre and diesel Rs6/litre, driven by global cru…
MediumUS-Iran deal prospects lift markets as oil falls on diplomatic hopes
Anticipated US-Iran agreement on nuclear program and regional tensions sparked market rallies and oil price drops. A one-page memorandum could materialize with…
MediumIn Cuba's Blackout, One Family Powers a Movie Night
As Cuba faces severe energy shortages from the US oil blockade, one Havana family's modified generator enables a neighborhood children's movie night, illustrat…
HighLNG Tanker Outpaces Somali Pirates in First Such Attack in a Year
A Marshall Islands-flagged LNG tanker evaded Somali pirates off the Somali coast, marking the first such incident in a year and raising fears of a piracy resur…
MediumGerman, French Power Prices Hit Records as Russia Prepares Pipeline Shutdown
German and French electricity prices reached record highs amid Russia's planned Nord Stream 1 maintenance shutdown and France's nuclear capacity constraints, e…
HighLouisiana Workers Power America's Energy Supply from Gulf Operations
Chevron highlights Southern Louisiana workers supporting offshore Gulf oil and gas operations that supply 14% of U.S. crude oil, emphasizing safe asset retirem…
MediumUAE's OPEC Exit Reshapes Oil Market Power Dynamics
United Arab Emirates announces withdrawal from OPEC, significantly weakening the cartel's ability to control global oil prices and signaling geopolitical reali…
HighIndia cuts excise duty on fuel to shield consumers, oil firms from crude surge
India's government slashed excise duty on petrol and diesel by Rs 10 per litre to shield consumers and oil companies from 62% crude price increases, accepting…
HighEU Gas Reserves Hit 15-Year Low as Middle East Crisis Threatens Winter Supply
EU gas storage facilities are only 65% full at the start of September, a historic low for this time of year, as Middle East conflict disrupts supply and prices…
HighSelect vessels resume Hormuz transit as Iran permits 'friendly' ships through
Iranian authorities permitted vessels from France, Japan, and Oman to transit the Strait of Hormuz after initial closure, signaling selective passage policy ba…
HighHong Kong stocks slip as energy shares tumble on oil decline
Hong Kong's Hang Seng index fell 0.9% as energy stocks retreated following oil price declines, with investors cautious ahead of U.S. jobs data that could influ…
High