In the past, oil price wars were short, sharp and, to those who profited from them, sweet. Now, an oil price war is a more cautious affair—assuming what OPEC is doing with its supply return is a price war, of course. And because most assume just that, all eyes are …

The price of Brent oil rose by over 11% week-on-week on Monday, related to the ongoing Iran-Israel armed conflict. While it stood at $66.2 on June 9, it reached $73.7 on Monday as of 0700GMT, up by 11.3%. The escalating tensions between Israel and Iran are heightening concerns about the …

A total of 93 oil and gas firms made it in the latest edition of the Forbes Global 2000 rankings of the world’s largest public companies. Forbes’ Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets, and market value, and all these have reached …

As several countries expand their green hydrogen production capacities, regions will have to develop new pipelines and energy transportation corridors to support a green transition across borders. Some countries are more well-suited to producing green hydrogen than others, meaning that energy sharing could help non-production countries gain access to clean …

On Saturday, Iraq’s Foreign Minister Fuad Hussein warned that global oil prices could surge to $300 per barrel if military tensions between Iran and Israel continue to escalate. The warning came during a phone call with his German counterpart, Foreign Minister Johann Wadephul, as the two discussed rising instability in …

In a major breakthrough, China has successfully produced Yttrium-90 (Y-90) using a commercial nuclear reactor, the China National Nuclear Corporation (CNNC) announced on Sunday. The Y-90 glass microspheres, produced through irradiation at the Qinshan Nuclear Power Base in east China’s Zhejiang Province, have passed relevant tests, indicating that the country …

For years, automakers have been betting big on electric vehicles (EVs), as several governments attempt to phase out the sale of internal combustion engine (ICE) vehicles in favour of cleaner electric alternatives. As governments introduced financial incentives for EV uptake alongside emissions fees and eventual bans on ICE vehicles, automakers …

This year’s milder winter, weak industrial demand, and higher gas pipeline imports are set to result in the first decline in China’s LNG imports since 2022, according to estimates by research firms compiled by Reuters. Last year, China imported a total of 76.65 million metric tons of LNG. This year, …

A senior nuclear official in Iran has reported limited damages to the Fordow nuclear site near Qom after the Israeli regime’s strikes on Friday night. “There has been limited damage to some areas at the Fordow enrichment site,” Behrouz Kamalvandi, the spokesman of Atomic Energy Organization of Iran (AEOI) said …

Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, announced that Indonesia will have the world’s ninth-largest Floating Liquified Natural Gas (FLNG) facility, which will also be the largest of its kind in the country. Bahlil shared this news during an inspection of two gas companies, Genting Oil Kasuri and …