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Ge
Crude Oil
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…
Oil Refinery
Spanish Oil Refineries Shut Down After Power Blackout
On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…
Ethanol
Trump Administration Allows Temporary Sales of Summertime Higher-Ethanol Fuel
On Monday, the Trump administration announced an emergency waiver permitting the nationwide sale of E15, a gasoline blend containing 15% ethanol, during the sum…
Electricity Transmission
Loss of Power, Franco-Spanish Interconnection Failure Led to Grid Collapse
On Monday, a widespread blackout affected large parts of the Iberian Peninsula, primarily due to a significant and sudden reduction in electricity supply, accor…
LNG
Woodside Greenlights $17.5 Billion US LNG Project, Targets 2029 Start
Woodside Energy, an Australian energy company listed as WDS.AX, announced its final investment decision for a Liquefied Natural Gas (LNG) project in Louisiana, …
CCS
Calpine Strikes New Agreement for Texas Power Generation CCS Project
Exxon Mobil has entered into an agreement with Calpine to transport and permanently store up to 2 million metric tons of CO2 annually from Calpine’s Bayto…
Battery
AXA IM Alts Enters UK Battery Storage Market With Strategic Scottish Investment
AXA IM Alts, managing €186 billion in alternative investments, has acquired a 50% stake in Coalburn 1, a 500MW battery energy storage system (BESS) in Sout…
Thailand
RCL Boosts Boxship Orderbook
Thailand’s Regional Carrier Lines (RCL) is expanding its fleet by ordering four new containerships from shipyards in China, as announced in a recent stock…
Hydrogen Fuel Vehicle
DP World Tests Hydrogen Fuel Cell Crane at Vancouver Port
DP World is conducting a field trial at its Vancouver terminal to test a hydrogen-powered RTG crane, aiming to electrify its global fleet of 1,500 diesel-powere…
Morocco
Morocco Commences Construction of Africa’s Longest High-Speed Rail Line, the Kentira-Marrakech Rail Project.
On Thursday, King Mohammed VI officially launched Morocco’s $10.3 billion Kenitra-Marrakech rail project, a major step toward enhancing the country’…
Oil & Gas Trade
Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses
Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…
Offshore Wind Power
Global Energy Giant RWE Halts US Offshore Wind Because of Trump
RWE, a leading global renewable energy company based in Germany, has paused its US offshore wind operations due to recent policy shifts. The decision was announ…
Pakistan
Pakistan’s Wheat Production Declines 10% for Rabi Season 2024-25
Pakistan’s wheat production for the Rabi Season 2024-2025 reached an estimated 28.42 million tons from 9.1 million hectares, falling short of the 33.58 mi…
Solar project
JUWI Secures 30.9 MW of Awards in German Solar Tender
German renewable energy developer JUWI GmbH has secured 30.9 MW of projects in a recent tender for ground-mounted photovoltaic (PV) systems in Germany. The comp…
China
China Accelerates Shift to Brazilian Soybeans, as US Agricultural Exports Plunge Amid Tariffs
In April 2025, China’s Zhejiang Province is seeing a significant increase in soybean shipments from Brazil. Around 40 Brazilian soybean vessels are expect…
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