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Chief economist says India should bring fuel back with lower ethanol blend
A top government advisor has said that India should bring back fuel with a lower blend of ethanol. This is the first time a senior official has called for more fuel options in response to growing consumer anger over a controversial policy change. E20, petrol blended with 20% ethanol, was launched last year.
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Trump has threatened to isolate Iran. Who are Iran's trading partners?
The threat of Donald Trump, the U.S. president, to impose unprecedented economic war and isolation against Iran could have consequences for countries who trade with it. Trump warned that any country supporting Iran would face economic consequences. In recent years, Iran has traded with a number of major trading partners.
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US ends summer blend gasoline requirements early in an attempt to lower prices
The Environmental Protection Agency announced on Thursday that the Trump administration will eliminate summer-blend gas?requirements two weeks earlier than normal this year in order to increase the nation's fuel supplies and reduce gas prices. The EPA announced that it will allow 10% ethanol gasoline…
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EPA extends deadline for refiners to comply with renewable fuel standard
In a notice published on Friday, the U.S. Environmental Protection Agency announced that it would extend the deadline for oil refiners who must demonstrate compliance with biofuel blending law. This could reduce the high cost of compliance. The agency didn't give any additional details…
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Baker Hughes reports that US energy companies have cut back on drilling for the first time in four-weeks.
Baker Hughes, a 'closely watched' energy services firm, said in its report on Friday that U.S. firms have lowered the number of operating rigs for the first four weeks. The number of oil and gas drilling rigs, a good indicator of future production, dropped by five in the week ending August 21.
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Petrobras begins negotiations to acquire four offshore blocks within Ghana's Keta Basin
Petrobras, the state-run oil company of Brazil, announced on Friday that it had submitted a?expression?of?interest?for exploration…
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North Dakota oilfield activities expected to increase in the second half of the year, regulator states
The 'Department of Mineral Resources' in North Dakota said that oilfield activity will increase in the second half of the year…
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Venezuela 'back on agenda' for oil equipment supplier SBO, CEO says
SBO's chief executive stated on Thursday that Venezuela was "back on the agenda" after receiving an order to deploy the company's?precision?technology…
Latest news
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Trump warns that any country supporting Iran will face economic consequences
Donald Trump, the U.S. president, warned that any country providing "any kind of lifeline" to Iran would be subject to economic sanctions.
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SBO's profits slump due to Iran War, but rebuilding oil equipment drives orders
On Thursday, 'Oil Services and Equipment Provider 'SBO' reported a slump of 46% in its?half year core earnings as disruptions…
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Trump warns that any country supporting Iran will face economic consequences
U.S. president Donald Trump warned that economic consequences would be imposed on?any countries who provided "any kind of lifeline?
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Colombian natural gas investments set to increase 17% this year according to industry group
The head of the association Naturgas announced on Wednesday that investment in Colombia's natural-gas industry will increase by 17% in 2026.
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SLB and Formentera executives claim that they are working on activating drilling rigs for Venezuela.
SLB, a private equity firm and oil?service provider, is working with?Formentera?Partners to either reactivate or import more…
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US, Canada trade negotiators meet after Trump sets new tariff deadline
Sources said that auto tariff levels remained an issue. On Wednesday, Canadian and U.S. negotiators sat down to discuss trade…
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Moscow's petrol stations restrict sales due to shortages
According to witnesses and fuel suppliers, Moscow's fuel stations have implemented new limits on gasoline purchases due to…
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Santos Energy beats profit expectations, with second-half production up 20-30%
Australian ?oil and gas producer Santos reported a ?smaller-than-expected drop in its first-half profit and forecast higher…
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Scientists say that climate change is causing record temperatures in Europe's oceans.
Scientists warned on Wednesday that climate change caused by humans was the primary cause of recent sea temperatures around Europe.
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Trump says there will be no talks with Iran. Tehran claims the Strait of Hormuz is still closed
?U.S. Donald Trump, President of the United States, said that no talks with Iran were being held and that none were planned.
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Sources say that India is considering limiting duty-free imports of sugar to reduce record prices.
India is considering a range of'measures', including limiting duty-free imports and tightening stockholding limits for bulk traders.
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Sources say that India's Torrent Gas will file updated draft documents for an IPO of up to $418 Million.
Two sources familiar with the matter said that India's Torrent Gas aims to file updated draft documents for an initial public…
Shale Oil & Gas
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Moscow's petrol stations restrict sales due to shortages
According to witnesses and fuel suppliers, Moscow's fuel stations have implemented new limits on gasoline purchases due to…
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Santos Energy beats profit expectations, with second-half production up 20-30%
Australian ?oil and gas producer Santos reported a ?smaller-than-expected drop in its first-half profit and forecast higher…
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Trump says there will be no talks with Iran. Tehran claims the Strait of Hormuz is still closed
?U.S. Donald Trump, President of the United States, said that no talks with Iran were being held and that none were planned.
LNG
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
Renewables
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Scientists say that climate change is causing record temperatures in Europe's oceans.
Scientists warned on Wednesday that climate change caused by humans was the primary cause of recent sea temperatures around Europe.
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Sources say that India is considering limiting duty-free imports of sugar to reduce record prices.
India is considering a range of'measures', including limiting duty-free imports and tightening stockholding limits for bulk traders.
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Palm oil reaches 4-1/2-month high due to El Nino
Malaysian palm oil futures ended at a ?four-and-a-half-month high on Monday, as traders looked past ?near-term consolidation…
