QatarEnergy, the state-owned energy company of Qatar, has signed a long-term deal to supply Japan’s Mitsui & Co with 11 million barrels of condensate per year for 10 years starting …
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Exxon Mobil, the largest U.S. oil company, surprised analysts and investors by reporting a $36 billion profit for 2023, the highest in its history. The company achieved this feat despite …
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Oil markets shrugged off the announcement by OPEC+ that it will extend its voluntary oil production cuts for another three months, starting in April 2024. Analysts widely expected the decision …
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Russia has drastically cut its gasoline and diesel exports to countries outside the former Soviet bloc, following a series of drone attacks and fires that damaged its refineries and fuel …
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Europe’s solar panel makers are on the brink of shutting down as they struggle to compete with cheap imports from China, a trade group warned on Tuesday. The European Solar …
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The Middle East is witnessing a surge of violence and instability, as a missile strike on a fuel tanker in the Red Sea and an attack on U.S. troops in …
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Israel’s largest telecom group, Bezeq, has announced a deal with Generation Capital to form a joint company that will supply electricity to households and businesses across the country. The move …
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The US president, Joe Biden, has announced a pause on approvals for new liquefied natural gas (LNG) export terminals, a move that has been welcomed by climate activists but criticized …
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Hydrogen is often touted as the “holy grail” of energy, as it can produce electricity without emitting greenhouse gases. But despite decades of research and development, hydrogen power has failed …
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The fourth quarter of 2023 was a tough one for U.S. oil refiners, who saw their earnings plummet compared to the same period a year ago. The main reasons were …