Explore

Reuters Reuters
US oil exports surge, draining domestic crude inventories toward rock bottom

US oil exports surge, draining domestic crude inventories toward rock bottom

By Shariq Khan and Arathy Somasekhar NEW YORK/HOUSTON, June 5 (Reuters) - At the prairie town that calls itself the pipeline crossroads of the world, some 400 oil storage tanks sprawled across Cushing, Oklahoma, are nearly empty, drained by refiners worldwide to plug a massive shortfall in global
Trendline Trendline
Anglo American's Stock Declines Amid Coal Exit and Teck Merger Plans

Anglo American's Stock Declines Amid Coal Exit and Teck Merger Plans

Anglo American's Stock Declines Amid Coal Exit and Teck Merger Plans
Rapid Read Rapid Read
Libya's Energy Summit 2027: $18 Billion Investment Pipeline to Reshape North African Energy Landscape

Libya's Energy Summit 2027: $18 Billion Investment Pipeline to Reshape North African Energy Landscape

The Libya Energy and Economic Summit 2027, scheduled for January 23-25, 2027, at the Tripoli International Convention Center, is set to be a pivotal event in the North African energy sector. This summit, endorsed by Libya's National Oil Corporation and the Ministry of Oil and Gas, aims to transition from strategic intent to execution in the energy sector. The summit will focus on a $18 billion pipeline of energy and infrastructure projects, including upstream hydrocarbon development, gas monetization, and renewable energy initiatives. The event will serve as a benchmark for Libya's ability to convert licensing frameworks and infrastructure commitments into operational outcomes. The summit's agenda includes discussions on upstream oil and gas licensing, offshore gas infrastructure, and renewable energy projects, with a focus on execution accountability.
Rapid Read Rapid Read
Strait of Hormuz Conflict Highlights Vulnerability of Fossil Fuel Supply Chains

Strait of Hormuz Conflict Highlights Vulnerability of Fossil Fuel Supply Chains

The ongoing conflict in the Strait of Hormuz has significantly impacted global energy security, highlighting the vulnerabilities of fossil fuel supply chains. The strait, a critical passage for around 20% of the world's oil and liquefied natural gas, has been closed due to geopolitical tensions, leading to disruptions in energy supply. Energy experts, including those from Nordic energy companies Fortum and Statkraft, have pointed out that fossil fuels are now seen as intermittent and uncertain, a criticism previously directed at renewable energy sources. This shift in perception is prompting a reevaluation of energy policies, with a growing emphasis on renewable energy as a more stable alternative. The situation has also led to increased fuel costs and concerns over food security in regions heavily reliant on fossil fuel imports.
Rapid Read Rapid Read
Rosneft CEO Claims U.S. Companies Benefit from Strait of Hormuz Closure

Rosneft CEO Claims U.S. Companies Benefit from Strait of Hormuz Closure

Igor Sechin, CEO of Rosneft, stated that U.S. energy companies are the primary beneficiaries of the closure of the Strait of Hormuz. This strategic waterway, crucial for global oil supply, was blockaded by Iran following an attack by the United States and Israel that resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei. The blockade has significantly impacted global markets, causing oil prices to surge and contributing to worldwide inflation and economic instability. Sechin, speaking at the St. Petersburg International Economic Forum, criticized the U.S. for attempting to reshape global energy market regulations to its advantage. He noted that the closure, intended to target Iran, inadvertently affected the global economy. Sechin also mentioned the weakening of the OPEC+ alliance due to the United Arab Emirates' withdrawal, further complicating the global energy landscape.
Trendline Trendline
Energy NL Conference Highlights Progress on Bay du Nord and West White Rose Projects

Energy NL Conference Highlights Progress on Bay du Nord and West White Rose Projects

Energy NL Conference Highlights Progress on Bay du Nord and West White Rose Projects
Trendline Trendline
Delfin Midstream Advances with First US Floating LNG Plant, Setting Global Record

Delfin Midstream Advances with First US Floating LNG Plant, Setting Global Record

Delfin Midstream Advances with First US Floating LNG Plant, Setting Global Record
Trendline Trendline
Tourmaline Oil Corp Declares Dividend and Elects New Board of Directors

Tourmaline Oil Corp Declares Dividend and Elects New Board of Directors

Tourmaline Oil Corp Declares Dividend and Elects New Board of Directors
Trendline Trendline
Delfin Midstream Approves First US Floating LNG Project, Set to Become World's Largest

Delfin Midstream Approves First US Floating LNG Project, Set to Become World's Largest

Delfin Midstream Approves First US Floating LNG Project, Set to Become World's Largest
Rapid Read Rapid Read
India's Renewable Energy Minister Announces Self-Sufficiency in Solar Cells Within a Year

India's Renewable Energy Minister Announces Self-Sufficiency in Solar Cells Within a Year

Union Minister for New and Renewable Energy Pralhad Joshi announced that India is expected to become self-sufficient in solar cell manufacturing within a year. This announcement was made during an event marking two years of the PM Surya Ghar: Muft Bijli Yojana. Joshi highlighted the rapid growth of India's solar manufacturing ecosystem, which has expanded significantly over the past decade. The minister expressed confidence that ongoing policy measures would help India achieve self-sufficiency in solar cells soon, with the country's roadmap extending beyond cells to include the development of the entire solar manufacturing value chain.
Trendline Trendline
Charbone Advances Ultra-Pure Hydrogen Production in U.S. and Canada

Charbone Advances Ultra-Pure Hydrogen Production in U.S. and Canada

Charbone Advances Ultra-Pure Hydrogen Production in U.S. and Canada
Rapid Read Rapid Read
Energy NL Conference Highlights Progress on Bay du Nord and West White Rose Projects

Energy NL Conference Highlights Progress on Bay du Nord and West White Rose Projects

The Energy NL Conference & Exhibition spotlighted significant updates on the Bay du Nord and West White Rose offshore developments in Atlantic Canada. Industry leaders and regulators discussed the progress and challenges of these projects, with a focus on regulatory reform to improve permitting efficiency while maintaining safety standards. The conference also emphasized Indigenous participation in energy development, highlighting opportunities for partnerships and economic involvement. Key figures such as Scott Tessier and Terry Hubbard addressed the need for streamlined regulatory processes, while Charlene Johnson of Energy NL expressed optimism about the region's energy future.