Rice

Energy Technology

Carbon Capture Tech Becoming Cost-Effective As Emissions Price Soars

Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and remov…

Crude Oil

Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production

Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…

Oil Price

Oil Slides 4% on China Virus Curbs and Climate Warning

A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suf…

Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Hydrogen Technology

NanoSun to Explore Cooling Technology to Reduce the Price of Hydrogen Refuelling Stations

NanoSun has launched a new research project to utilise its low-cost hydrogen cooling technology to reduce the cost of hydrogen refuelling infrastructure in the …

Crude Oil

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge

Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks

Offshore Wind Power

Beatrice Offshore Transmission Assets (OFTO) Sold

The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners as the preferred bidder for the offshore transmission licenc…

Oil Price

Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month

The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…

Oman

Incident with Multiple Tankers in Gulf of Oman Raises Concerns in Oil Market

The status of at least four tankers in the Gulf of Oman is uncertain and another was reportedly hijacked by gunman believed to be from Iran.

Crude Oil

Halt in Fuel Price Revision Continues, Global Oil Rates Above $75/bbl

In the national capital, petrol continued to be sold for Rs 101.84 per litre, while diesel was being sold at the unchanged rate of Rs 89.87 a litre on Sunday.

Crude Oil

Oil Prices Slide on Worries over China Economy and Higher Crude Output

Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT.

Oil & Gas Trade

Russia’s Energy Ministry Proposes Ban on Gasoline Export

Russia’s energy ministry said on Friday it filed a proposal for the government to start a procedure for a ban on gasoline exports.

Oil Price

Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May

The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…

Electricity Trade

China to Allow Electricity Prices to Rise by 20 per cent During Peak Hours

China will allow electricity prices to further rise by at least 20% during peak demand hours from current peak electricity prices, the state planner said on Thu…

Crude Oil

Oil Edges Higher on Tighter U.S. Supplies, Brent Tops $75 a Barrel

Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude o…