The US Department of Energy has selected 21 projects for up to $99 million to advance next-generation geothermal power, including two won by Fervo Energy.
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Bangladesh has raised fuel prices by up to 17.4 percent, its third hike since April, as the Middle East conflict drives up global oil and shipping costs.
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Petrobras has approved joining Brazil’s new diesel subsidy program worth 1 real per liter, as President Lula moves to cushion voters from rising oil prices.
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China’s refined oil product exports rose 12.7 percent in August, with jet fuel exports hitting a record high as Beijing eased its wartime export controls.
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Japan’s oil refiners have secured enough crude through November despite Middle East tensions, the Petroleum Association of Japan said, drawing on national reserves.
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Asian LNG demand is set to fall for a second straight year as the US-Israeli war on Iran curbs Gulf supply and drives prices to multi-year highs, analysts say.
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In the News
India warns new US tariffs over Russian oil could hit ties, vows to protect energy security
India has warned that new US tariffs targeting buyers of Russian oil could harm bilateral ties, vowing to protect its energy security and trade interests.
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US and Vietnamese firms will sign dozens of energy, tech, aviation and finance deals as leader To Lam visits New York, documents show.
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Germany’s economy minister plans market incentives to boost winter gas storage while avoiding direct state purchases, as stocks hit a 15-year seasonal low.
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Australia’s energy minister will visit Saudi Arabia next week over fuel security fears, as the escalating Middle East conflict threatens global oil supply.