Tag Archives: Oil Price

The U.S. solar market saw a significant jump in capacity installations in the third quarter as developers ramp up activity and construction to qualify for the last investment tax credits that are being phased out by the Trump Administration. The industry added 11.7 gigawatts direct current (GWdc) of solar power …

Crude flow from Lukoil’s West Qurna-2 storage tanks has resumed toward the major Tuba depots after a weekend shutdown, two energy sources told Quantum Commodity Intelligence. Full field operations are expected to be restored between 1 a.m. and 2 a.m., following a precautionary halt triggered by a pipeline leak. West …

The United Arab Emirates is growing its LNG exports to meet surging global demand that will outpace investment in supply, according to the UAE’s Energy Minister Suhail al-Mazrouei. “We intend not only to satisfy our local demand, but we are also growing our export of LNG,” the minister told Reuters …

India is close to opening its nuclear power sector to private investment as it seeks to boost installed nuclear capacity tenfold by 2047, which is estimated to cost $214 billion (19.28 trillion Indian rupees). The bill to open the nuclear energy sector to private investment is expected to be passed …

China has just welcomed the first shipment from a Russian LNG export project on the Baltic Sea sanctioned by the U.S. on a U.S.-blacklisted vessel, as Russia and China continue to flaunt Western sanctions on their LNG trade. The LNG tanker Valera, sanctioned by the United States, docked at the …

China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data. The November import figure also represented a 5.24% increase on October oil imports, the data showed, driving the …

India’s solar sector has hit that awkward stage of adolescence where ambition seems to be outpacing demand. And now the adults in the room are issuing critical warnings. A new letter from the clean-energy ministry, quietly circulated to the finance ministry, urges lenders to think twice before showering cash on …

Helped by the newly-issued crude import quotas, China’s independent refiners are buying sanctioned Iranian crude again and raising their processing rates, making room for Iran’s oil to move out of floating and bonded storage and potentially easing the year-end glut on the market. The independent refiners in China’s Shandong province, …

A loss of Venezuelan oil production in case of a U.S. military intervention will materially impact global benchmark prices as the market will have to replace Venezuela’s heavy crude—the bulk of Caracas’ crude exports, according to Rystad Energy. Venezuela is estimated to pump about 1.1 million barrels per day (bpd) …

Equinor announced on Friday two gas and condensate discoveries in the Norwegian part of the North Sea in its largest discoveries so far this year that can be developed through existing infrastructure. Equinor made the discoveries in the Lofn and Langemann wells in the Sleipner area of the North Sea, …