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Saudi Arabia

Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay

Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one …

Oil Price

Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes

Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a …

United States

Copper Drops as Dollar Strengthens on Trump Lead in US Election

Copper fell along with most metals, weighed down by a rise in the dollar as Donald Trump took an early lead in the US election.The Associated Press called North…

Bulgaria

Bulgaria starts constructing an ‘irreversible’ nuclear project with US reactors

On Monday, the Bulgarian government began constructing two nuclear reactors using US technology, signing the first major contract worth nearly $350 million - a …

Crude Oil

Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling

The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil …

Crude Oil

US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub

The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the…

LNG

Glenfarne Selects Kiewit To Build Texas LNG Export Plant

U.S. energy company Glenfarne Group LLC said on Monday it had selected construction contractor Kiewit to build its proposed Texas LNG export terminal in Brownsv…

Power Construction

California Faces Risk of Power Cuts With Winds Boosting Fire Threat

California residents face power shutoffs this week as warm, dry winds sweep the state, threatening to tear down utility lines and spark wildfires.Edison Interna…

Nuclear Reactor

Nuclear-Hungry AI Campuses Need New Plan to Find Power Fast

Tech giants looking to quickly power massive artificial intelligence centers will need to come up with new strategies after US regulators quashed Amazon.com Inc…

Oil Price

Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn

ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the …

Oil & Gas Trade

Saudi Arabia’s Wafi Energy Holding buys majority stakes in Shell Pakistan

Dubai: Saudi Arabia’s Wafi Energy Holding acquires a majority stake in Shell Pakistan following Shell Petroleum Co., a subsidiary of global Shell plc, com…

Photovoltaic （PV）

Huasun To Supply 1 Gw Of HJT Products To Xinjiang Silk Road, Annually

China’s Huasun will collaborate with the state-owned Xinjiang Silk Road in the production of high-efficiency heterojunction (HJT) photovoltaic products, t…

Oil & Gas Trade

Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …

Japan

Mitsui E&S To Provide Equipment For Japan’s ‘First’ Offshore Hydrogen Station

Specifically, the VD4-250GH-OL will be used at the station to supply hydrogen to hydrogen-fueled ships, including tugboats equipped with hydrogen co-firing engi…

United Arab Emirates

ADNOC, Masdar and Microsoft jointly publish new report Powering Possible: AI and Energy for a Sustainable Future

ADNOC, Masdar and Microsoft have jointly published a new report titled Powering Possible: AI and Energy for a Sustainable Future exploring the transformative po…