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Oil Price
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…
Oil Price
Azerbaijani Oil Price Once Again Exceeds $75
The price of Azerbaijani crude oil has once again surpassed $75 per barrel.A barrel of Azeri Light crude rose by $1.11, or 1.49%, reaching $75.37 on Wednesday.T…
United States
The Coming Critical Minerals Trade War Is Brics Short of a Load
The incoming Trump administration’s threat of tariffs has muddied the already cloudy outlook for mining and metals in 2025.Chinese retaliation has been sw…
Oil Refinery
NLC Hails Dangote Refinery for Fuel Price Cut
The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.Spea…
Crude Oil
RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…
Oil Exploration
Onshore Petroleum Auction Set to Be Held
Authorities are calling for bids for onshore petroleum exploration and production in nine areas in the Northeast and central region for the first time in 17 yea…
Australia
Progress of Projects Such as the Orient Polymetallic Mine in Australia
Iltani Resources has seen high-grade mineralization at the Orient East silver indium project in northern Queensland, which had previously seen the highest grade…
Natural Gas
Gas Exploration Firm’s Licence Extended Again
A company looking to extract gas from Manx territorial waters has had its exploration licence extended once more.A two-month extension has been granted to Crogg…
Electric Vehicles
Andy Palmer Says “Hybrids Are a Road to Hell”
Who is Andy Palmer and why is he saying Hybrids are a road to hell? Admittedly, Palmer is not a household name, but he is well known in the auto industry. He we…
Natural Gas
Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next y…
Russian
Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls
Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…
Electric Vehicle Charging
Peak EV Fast Charging Is up 50%, and So Are EV Fast Chargers
Apparently, at the year’s peak charging time in the US, EV fast charging was up nearly 50% compared to the same time in 2023. That peak charging time is T…
Natural Gas
US Natgas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
US natural gas futures hit a 23-month high on Tuesday in thin pre-holiday trading, supported by an increase in the amount of gas flowing to liquefied natural ga…
Oil Shale
Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence
In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…
LNG
Golar LNG Buys Remaining Stake in Flng Unit for $90M
Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch…
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