A London court has ruled that Vitol and Glencore will receive $380 million from Nigeria LNG after a dispute over undelivered cargoes in 2020 and 2021.
In the News
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Chevron announces leadership and structural changes to improve efficiency, cut costs, and optimize global operations amid industry challenges.
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Coal India renewable energy efforts expand through a joint venture with EDF, focusing on hydropower and clean energy projects in India and South Asia
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Russia and Myanmar sign an investment deal for a port and oil refinery in the Dawei Special Economic Zone, strengthening energy and trade ties.
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The Leviathan gas field partners plan a $2.4 billion expansion to boost production and strengthen Israel’s energy security and exports.
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Cheniere Energy plans LNG expansion under Trump’s energy policies despite financial challenges, betting on Corpus Christi growth and global demand.
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U.S. crude stocks rose by 4.6 million barrels due to refinery maintenance, while gasoline and distillate inventories declined as fuel production slowed.
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Exxon Mobil is launching a major gas expansion project in Guyana, boosting natural gas supply, LNG exports, and industrial production.
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Trump’s steel tariffs face EU criticism as European steelmakers warn of export losses. Market uncertainty grows as steel prices begin to rise
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The EU is looking to secure more LNG supplies while balancing climate goals, trade policies, and high energy prices.