Oil prices have steadied after seven consecutive weeks of decline, as global supply and demand factors and geopolitical tensions influence market trends.
In the News
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Shell and Singapore’s Maritime and Port Authority have successfully contained a pipeline oil leak, deploying advanced clean-up measures to mitigate environmental impact.
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Serbia ensures its natural gas needs are met this winter with Russia’s help, as President Vucic thanks Putin for securing energy supplies amid EU pressures.
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Cuba faces widespread blackouts as the national grid collapses twice in 24 hours, leaving millions without electricity amidst a worsening energy crisis
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SLB posts a 13 percent rise in Q3 profit but warns of slower revenue growth in Q4 as weak oil prices and customer spending cuts impact the oilfield services company.
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Pemex announces $1.35 billion in spending cuts, prioritizing high-producing wells while deferring projects to optimize resources amid financial challenges.
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Energy TransitionIn the News
Africa’s Roam Air Electric Motorcycle Completes 6,000km Solar-Powered Journey
Roam Air electric motorcycle completes a 6,000 km solar-powered journey across Africa, showcasing clean energy’s potential for sustainable transport solutions
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The first two private utility-scale battery projects in South Africa have reached commercial close, signaling progress in the country’s energy storage development.
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Ukraine urges intensified international efforts to ensure nuclear safety as Russia continues to occupy the Zaporizhzhia nuclear plant.
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Snam plans to invest €14.5 billion ($15.8 billion) to upgrade its gas infrastructure for hydrogen and biomethane, aligning with its carbon neutrality goals by 2040.