Sweet crude grades from the U.S. Gulf Coast have seen increased interest from Asian buyers in recent weeks, as many refiners in the world’s largest oil-importing region are purchasing more of the sweeter crude varieties, energy analytics firm Vortexa says. Asian refiners are looking for more crude of the sweeter …

The Japanese government is considering to release crude oil reserves to curb the oil prices growth, Japan’s Kyodo news agency said on Saturday, citing sources. Previously, Japan resorted to this measure only in case of natural calamities or disruptions in overseas supplies caused by an unstable political situation. Consequently, the …

NASA is collaborating with the U.S. Department of Energy’s Idaho National Laboratory to establish a sun-independent power source for missions to the moon by the end of the decade. The two, on Friday, put out a request for proposals for the fission surface power system. “Providing a reliable, high-power system …

Located near the city of Yazd in central Iran, the new power plant will produce 17 megawatts of clean energy. This unique power plant which is being constructed next to Yazd Combined Cycle Power Plant on a 40-hectare land is aimed to develop clean energy, indigenize the knowledge for the …

Saudi Arabia recently came under attack for allegedly trying to block negotiations on climate action, and it has been named among countries that have tried to downplay the urgency of such action. It is not the poster boy for net-zero ambitions. And yet, the Kingdom has some major ones in …

LNG storage and reload activity is picking up in Southeast Asia, with at least two terminal operators offering third-party access to existing and proposed facilities. Petronas wants to add a new tank solely for storage and reload purposes at its Pengerang regasification terminal in Johor, Malaysia, and is seeking market …

Director-General of the International Atomic Energy Agency (IAEA) Rafael Grossi will visit Tehran next week, an Iranian official said on Wednesday. “Grossi will arrive in Tehran on Monday,” Spokesman of Iran’s Atomic Energy Organization (IAEO), Behrouz Kamalvandi said. Kamalvandi added Grossi will meet Iran’s Foreign Minister Hossein Amir Abdollahian and …

OPEC’s, Organization of the Petroleum Exporting Countries, reference basket (ORB) price dropped to 81$/bbl driven by other crudes. OPEC said in a statement that the price of a thirteen crude ORB reached 81.1$/bbl, 0.91$ above yesterday’s 82.01$/bbl. The OPEC Reference Basket of Crudes (ORB) is made up of the following: …

Russian oil firm Rosneft has agreed to acquire a 37.5% stake in German refinery PCK Schwedt from Shell. The firm has exercised an option to buy the stake, increasing its shareholding in the refinery to 91.67%. The remaining 8.33% interest in the refinery is held by Eni. The transaction is …

Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail stressed today the importance of attracting new investments, especially in projects that achieve sustainable development for Iraq and clean energy. The minister’s statement came during his participation in the ADIPEC exhibition in Abu Dhabi. Ismail said that the oil sector needs more investments, financing …