Trading giants Trafigura and Gunvor have been on a buying spree in the Brent crude oil market, driving prices to their highest level since the benchmark’s methodology changed in 2023. …
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The US Senate Budget Committee is investigating domestic oil producers for potential illegal coordination of oil prices with OPEC, raising concerns about market manipulation.
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Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. …
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Scorching temperatures in Texas are expected to drive record-breaking electricity demand. ERCOT, the state’s grid operator, assures Texans there’s enough supply but urges conservation during peak hours. The heatwave also …
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Major U.S. oil and gas companies face an uphill battle selling billions of dollars in assets as they look to fund investor payouts following a record-breaking wave of mergers. The …
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Lilac Solutions, a leader in lithium extraction technology, unveils advancements in its DLE process. These improvements address efficiency, environmental impact, and cost, making them a contender in the race to …
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Excerpt: U.S. power grids are undergoing a significant transformation with the increasing adoption of battery storage technology. This shift is driven by the potential for cost savings through arbitrage, enhanced …
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The US LNG industry’s aspirations to become a global leader are facing a significant challenge – a surge in labor costs driven by a skilled worker shortage and strong wage …
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The EU has taken steps to lessen dependence on Russian gas, but an audit identifies weaknesses in its readiness for potential future gas supply disruptions, including a lack of focus …
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The U.S. is gearing up for a busy summer travel season with jet fuel production reaching its highest level since before the pandemic. Refineries are ramping up production to meet …