Wary of Worsening Export Economics, Chinese Refiners Flushes Out Stocks - Chinese companies maximized their exports of oil products in November, ahead of an increase in government levies after Beijing reduced the country’s VAT rebate for...
Light crude oil futures are facing bearish sentiment, largely driven by concerns over global economic growth and oil demand. Weak consumer spending data from China, the world’s largest oil importer, has cast doubt on the resilience of...
Politics, Geopolitics & Conflict Venezuela’s PDVSA and India’s Reliance Industries have resumed a cautious oil-for-naphtha swap arrangement paused under U.S. sanctions, signaling a recalibration of geopolitical oil strategies. With a...
Turkey has mediated a deal between Ethiopia and Somalia to grant the former access to the Red Sea and the Indian Ocean, ending a year-long dispute that threatened to spark a regional conflict. But the new deal voids an earlier deal with...
Iran’s oil is increasingly finding its way into floating storage offshore Southeast Asia instead of at customers as a recent raft of U.S. sanctions on tankers shipping Iranian oil has made Chinese buyers more careful. The volumes of...
Sentiment in oil markets is decidedly bearish as the year draws to a close, with the Federal Reserve making it clear that it will not be aggressively cutting interest rates any time soon.Slower and shallower were the two key takeaways...
The European Union should buy more oil and gas from the United States or risk tariffs, U.S. President-elect Donald Trump said on Friday. “I told the European Union that they must make up their tremendous deficit with the United States by...
President-elect Trump’s proposed tariffs and the heightened risk of trade wars would be major challenges to the global energy transition, Mike Henry, the chief executive of mining giant BHP, told the Financial Times. Escalating trade...
The rise of data centers and their quest for renewable energy to power AI technology will boost the growth of renewables even under President Donald Trump, the Americas head of Japan’s biggest bank, Mitsubishi UFJ Financial Group, told...
India's Bharat Petroleum Corp Ltd (BPCL) has purchased its first crude oil cargo from Argentina, acquiring 1 million barrels of Medanito crude for February delivery from Mercuria. This light-sweet crude, similar to U.S. WTI, will be...
Shell secured the Nigerian government’s approval of a major asset sale in the country by committing to a fresh large-scale investment in the Bonga North field, the Financial Times reported today, citing unnamed sources familiar with both...
Survey finds post-1992 universities leading the way on sustainability and ethics More universities are banning fossil fuel companies from recruitment fairs in a sign of the sector’s shrinking social licence among young people. The annual...
Crude oil exports from the United States to Europe are set to dip next month amid a tightening spread between West Texas Intermediate and Brent, Reuters has reported, citing commodity analysts. U.S. oil exports to Europe hit an all-time...
Swan Energy and Singapore's AG&P Terminals & Logistics have partnered to form two joint ventures focused on LNG supply in India and beyond. One JV will handle LNG supply, with Swan Energy holding 51% stake. The other,...
We asked New Scientist writers to pick their favourite sci-fi short story. From H.G. Wells’s The Time Machine to Octavia E. Butler’s Bloodchild, via stories from George R. R. Martin and Ursula K. Le Guin, here are the results
Crude oil prices were on track for yet another weekly loss earlier today as pessimism about demand growth in China continued to dominate markets. At the time of writing Brent crude was trading at $72.45 per barrel and West Texas...
Adani Group will invest Rs 20,000 crore in a Bihar thermal power plant. The group will expand cement, food processing, and logistics operations. Rs 2,300 crore will be invested in logistics, creating 27,000 jobs. Smart meter...
Qcells, a subsidiary of South Korea’s giant conglomerate Hanwha Corp, has set a world record for the efficiency of a large-area silicon solar cell with a top layer of perovskite, a development that could dramatically shrink the size of...
As the year draws to a close, data has shown that oil prices have moved in the narrowest range since 2019, suggesting the excessive volatility of the past three years is over. A perception of soft demand and one of abundant supply, even...
The Biden administration is expected to permit the U.S. Environmental Protection Agency (EPA) to grant permission to 12 states, including California, this month to ban the sale of new gasoline-powered cars by 2035. If the move goes...
"AG&P Pratham has invested $1 billion across the authorized geographical areas for building the network as of December 2024. We plan to invest a further $1 billion in the coming years to expand the infrastructure and facilitate the...
Shell acquired renewable energy platform Sprng Energy from private equity investor Actis in August 2022 for an enterprise value of $1.55 billion. Sprng then operated 2.1 GW of renewable energy assets. Shell aims to stay invested in Sprng...
Venezuela's PDVSA and India's Reliance Industries have restarted an oil swap deal after a pause due to U.S. sanctions. A U.S. license granted in July allowed the resumption. PDVSA recently shipped nearly 2 million barrels of crude to...
Using descriptions of flavours or chemical data, artificial intelligence can tell apart whiskies from different countries and identify their constituent aromas
Steven Donziger and 34 congressmembers urge action on case that saw debilitating counterattacks from Chevron Steven Donziger, the embattled human rights attorney, has urged Joe Biden to offer him a pardon for his role in defending...
Indian Oil Corporation (IOC) is investing over Rs 21,000 crore to upgrade its Barauni refinery in Bihar and establish a city gas distribution network. The refinery's capacity will increase to 9 million tonnes per annum, alongside a new...
NTPC's Chairman announced plans for a nuclear power project in Bihar, boosting the company's non-fossil energy portfolio. The company has requested land from the state government and will conduct a feasibility study. NTPC also aims to...
Advances in artificial intelligence mean that machines can now perform certain diagnostic tasks with far better accuracy than human doctors - but the picture is more complicated than you might think
Analysing footage of what happens when people jump into water, and using a robot to mimic them, has revealed how do the perfect dive-bomb using a Maori technique called the Manu
This year has delivered some awe-inspiring imagery of space, from the James Webb Space Telescope’s stunning shots of faraway stars and galaxies to images of the skies taken from here on planet Earth
Oklo and data center operator Switch announced a deal on Wednesday, in which the nuclear startup would deploy 12 gigawatts of power over the next two decades.
SECI defended the transfer of a 2,333 MW solar power project from Azure to Adani Group before the CERC. They stated the transfer met Andhra Pradesh's power needs and maintained the original contract terms, staying within the approved...
Small robots directed by magnetic fields can cooperatively lift heavy objects, form floating rafts and push through clogs. They may one day deliver drugs within the human body
Electronics made using diamond-based chips would have many advantages, but have been hard to make – a new technique involving sticky tape could change that
National Grid, SSE and ScottishPower submit five-year plans amid shift from fossil fuels to clean electricity Energy companies have promised to spend up to £77bn over five years to help rewire to Great Britain’s electricity...
Spike in fossil fuel use a result of global gas crisis triggered by Russia’s invasion of Ukraine The world’s coal use is expected to reach a fresh high of 8.7bn tonnes this year, and remain at near-record levels for years as a result of...
New study shows LNG exports risk raising greenhouse gas emissions, hampering efforts to curtail climate crisis The Biden administration has released a long-awaited analysis on the economic and environmental effects of liquefied natural...
Biological nanopore technology revolutionised DNA sequencing – now it has been adapted for analysing alcoholic drinks, providing a quick test for quality and safety