Richard Kinder doesn’t lose sleep over trade wars or chatbots. The billionaire co-founder of Kinder Morgan waved off the industry handwringing over U.S.-China LNG tariffs and the supposedly overhyped energy appetite of AI data centers. “Our view is that any loss of the Chinese market will be more than offset …
Read More »Saudi Arabia’s Crude Oil Exports Jumped by 500,000 Bpd in February
Saudi Arabia’s crude oil exports jumped by nearly 500,000 barrels per day (bpd) in February compared to January, the latest data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude exports from the world’s biggest crude exporter averaged 6.547 million bpd in February, up from 6.073 million bpd …
Read More »Australia’s Race to Develop a Critical Minerals Sector
Australia has been developing its critical mineral sector in recent years, aiming to become a major producer and processor of the high-demand minerals and metals needed to support a global green transition. In addition to launching a national strategy and providing billions in funding for the sector, the government recently …
Read More »Firms Cancel $8 Billion in Renewables Investment on Trump Policies
Rising market and policy uncertainties forced companies to cancel $8 billion in investments in U.S. clean energy projects in the first quarter of the year. In a dramatic surge in cancellations of projects amid the chilling effects of the Trump Administration’s trade policy and attempts to repeal part of the …
Read More »Oil Falls as Concerns about Demand amid US Tariff Upheaval Return
Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand growth. Brent crude futures slipped $1.10, or 1.6%, to $66.86 a barrel at 0255 GMT after closing up 3.2% on …
Read More »China Stops Buying LNG from US
China halted liquefied natural gas (LNG) purchases from the United States in March, while simultaneously increasing its imports from Australia, Indonesia, and Brunei, according to a RIA Novosti analysis of Chinese customs data. In 2024, the US was among the top five suppliers of LNG to the Chinese market, exporting …
Read More »Iran’s Annual Non-Oil Import from Russia Stands at $1.3b
Iran imported non-oil commodities valued at $1.3 billion from Russia in the past Iranian calendar year 1403, which ended on March 20, 2025, according to an official with the Islamic Republic of Iran Customs Administration (IRICA). Abolfazl Akbarpour, the deputy head of IRICA for planning and international affairs, said that …
Read More »Iraq’s Oil Exports Dip in Q1 as Baghdad Vows Further Cuts
Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq News. The 3% drop in exports came as OPEC’s second-largest producer continues to restrict …
Read More »U.S. will Ditch Ukraine Peace Talks if Progress isn’t Made aoon
The United States will abandon efforts to broker a Russia-Ukraine peace agreement if progress isn’t made very soon and unless clear signs emerge that a deal can be reached, U.S. Secretary of State Marco Rubio said on Friday. “We’re not going to continue with this endeavour for weeks and months …
Read More »Pakistan Upgrades Its Oil Reserves Estimate by 23%
Pakistan has recorded the first substantial increase in its domestic oil reserves since 2020, with new discoveries and higher production leading to a 23% annual increase in reserves to 238 million barrels as of December 2024. The key fields contributing to the increase include Pasakhi/Pasakhi North East, Rajian, Kunar, Sono, …
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