Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Enerplus Gains Analyst Support on Growth Deal and Valuation
Here's why Enerplus (TSX:ERF) has made my list of top picks in the Canadian energy space today.
MediumOPEC+ Agrees to Modest Production Increase as Oil Prices Decline
Seven OPEC+ member nations agreed to modestly increase monthly oil production despite falling global prices, signaling continued market management efforts amid…
HighMiddle East War Pushes Asian Nations to Reduce LNG Dependence
Developing Asian nations are scaling back reliance on imported liquefied natural gas following Middle East conflicts, shifting away from global energy market d…
HighSMR Promise Meets Reality: Nuclear's Smaller Future Faces Big Cost and Safety Questions
Small modular reactors (SMRs) are promoted as flexible, clean energy sources, but analysis reveals they would cost 2-8x more than solar/wind, arrive too late f…
HighEU Methane Rules Face Pushback as US, Qatar Warn of Supply Risks
US and Qatar warn that EU's strict methane regulations risk deterring American liquefied natural gas exports to Europe, potentially undermining energy security…
HighNayara Energy cuts petrol by ₹5, diesel by ₹3 across 7,000 stations
Nayara Energy reduces petrol by ₹5 and diesel by ₹3 per litre across 7,000 stations from July 1, following government revisions to fuel export duties and LPG p…
HighOil Rises as Saudi Arabia, Russia Extend Supply Cuts Through Year-End
Oil prices rose as Saudi Arabia and Russia extended voluntary supply cuts through December 2023, with Brent crude crossing $90/barrel for the first time since…
HighU.S. Strategic Petroleum Reserve hits lowest level since 1982
The U.S. Strategic Petroleum Reserve has fallen to its lowest level since 1982, raising concerns about energy security and the nation's ability to respond to s…
HighJapan's banana supply at risk as ethylene shortage deepens amid Strait of Hormuz closure
Japan faces its worst ethylene shortage in five decades due to Strait of Hormuz closure, threatening supplies of bananas that account for a major portion of ho…
HighDelhi CNG Prices Jump Rs 2 Again; Fourth Hike in Two Weeks Amid Middle East Tensions
CNG prices in Delhi-NCR increased by Rs 2 per kg, the fourth hike in two weeks, reaching Rs 83.09/kg in Delhi. Rising global energy costs linked to Middle East…
HighCamisea and MINEM partner to expand liquefied natural gas in transport sector
Camisea and Peru's Energy Ministry signed an agreement to promote liquefied natural gas (LNG) in transportation, offering fuel at 50% cheaper than diesel while…
HighU.S. Gas Prices Surge to $4.23 as Geopolitical Tensions Drive Oil Markets
U.S. gas prices climbed to $4.23 per gallon, marking a new yearly high as geopolitical tensions and supply concerns drive oil markets upward despite limited Am…
HighUAE exits OPEC after 60 years, dealing major blow to oil cartel's influence
The UAE has quit OPEC after six decades, dealing a major blow to the cartel's influence over global oil markets. The departure of the third-largest producer si…
HighTruck strikes Wisconsin gas pipeline, forces evacuations and flight ban
A truck collision ruptured a natural gas pipeline near Saxon, Wisconsin, triggering community evacuations, flight bans, and temporary power cuts to prevent exp…
MediumDelhi CNG crosses Rs 80/kg as IGL hikes prices again amid global energy crisis
Delhi's CNG prices crossed Rs 80/kg for the first time following consecutive hikes by IGL, driven by Middle East tensions and Strait of Hormuz supply concerns…
HighIraq Targets 8-10 Million Barrels Daily Within Six Years
Iraq plans to increase oil output to 8-10 million barrels per day within six years, signaling ambitious expansion of its petroleum sector capacity.
HighTrump says US destroyed nearly everything on Iran's Kharg Island except oil infrastructure
Trump states US attacks destroyed most infrastructure on Iran's Kharg Island while deliberately preserving oil facilities, but threatens future strikes on petr…
HighCentre hikes commercial LPG prices by Rs 993 amid global energy crisis
India's government increased commercial LPG cylinder prices by Rs 993 while protecting domestic consumers from global fuel volatility, keeping household prices…
HighJetti Petroleum raises diesel by P18, gasoline by P8 per liter
Jetti Petroleum will raise diesel prices by P18 and gasoline by P8 per liter on March 24, marking the 10th consecutive weekly increase driven by Middle East co…
HighDrone attacks force Libya's largest refinery to brink of shutdown
Libya's Zawiya refinery, the country's largest operating facility, caught fire after a drone attack on a gasoline tank. The national oil company warned it may…
HighDefendants seek dismissal in Plum explosion case as judge weighs negligence claims
Defendants including Peoples Gas and A.O. Smith Corp. sought dismissal of negligence claims in lawsuits filed by families of six people killed in a 2023 Plum h…
HighAngélica Ruiz deja presidencia de BP en México tras ocho años
Angélica Ruiz dejó la presidencia de BP en México y su cargo de vicepresidenta senior de Latinoamérica tras ocho años en la compañía. Pedro Elío asumirá el lid…
HighCuba's Energy Crisis Deepens as Russian Oil Donation Depletes
Cuba's energy minister warns the country faces critical power shortages as donated Russian oil runs out, with blackouts exceeding 20 hours daily in Havana amid…
HighRussian Authorities Downplay Environmental Crisis After Refinery Attack in Tuapse
Ukrainian drone attacks on a Russian oil refinery in Tuapse triggered an environmental disaster, forcing residents to avoid tap water and keep windows closed,…
HighFrom 90kg to fitness: How a 66-year-old Singaporean reclaimed his health
A 66-year-old Singapore refinery technician lost 10kg in 10 months by addressing shift work eating habits and sedentary lifestyle, regaining mobility and energ…
MediumChina's Oil Stockpiling Cushions Global Prices Amid Middle East Tensions
China's strategic oil reserves are moderating global crude prices despite Middle East tensions and supply disruptions, potentially reshaping energy market dyna…
MediumFourteen killed in Aramco helicopter crash in Saudi Arabia
A helicopter operated by Saudi oil giant Aramco crashed in Ras Tanura, killing all 14 people on board. The cause remains under investigation.
HighDiesel prices drop, gasoline rises as crude volatility persists
Philippines' DOE announced May 12 price adjustments: diesel dropping P9.57/liter, gasoline rising P0.47/liter, amid volatile crude oil prices from Middle East…
HighMichigan Supreme Court blocks Enbridge oil pipeline permit under Great Lakes
Michigan's Supreme Court rejected a permit for Enbridge's oil pipeline project beneath the Great Lakes, marking a significant legal victory for environmental a…
HighOil prices fall on surprise U.S. inventory build, European lockdown demand fears
Oil prices declined as U.S. crude inventories unexpectedly increased and European lockdowns threaten fuel demand, though vaccine rollouts offer longer-term rel…
HighNigerian oil firms to showcase global competitiveness at 2026 Houston conference
Nigeria's indigenous oil and gas service providers will take center stage at the 2026 Offshore Technology Conference in Houston, with PETAN leading efforts to…
HighPetrobras secures gas supply for fertilizer plant despite Bolivia shortage risks
Petrobras guarantees natural gas supply for its UFN3 fertilizer plant restart despite potential Bolivian gas shortages, planning to reverse pipeline flows to u…
HighOil surges past $100 as Middle East tensions threaten global energy supplies
Oil prices surged past $100 per barrel as Middle East tensions intensified, with Brent crude reaching $118. Regional producers have begun reducing supplies ami…
HighOil prices volatile as markets digest Trump speech, Saudi pipeline developments
Oil prices fluctuate as markets react to Trump's UN remarks and potential Saudi pipeline repairs, with prices falling to below $100/barrel amid easing supply c…
MediumEurope's Energy Crisis Deepens as Danube Drought Forces Drastic Measures
Southeastern Europe faces an energy crisis as record-low Danube water levels threaten hydroelectric and nuclear power plants, forcing Romania to detonate rocks…
HighRBI's June Policy: Rupee, Crude and Inflation Take Center Stage
RBI's June policy meeting will likely hold rates steady, but focus shifts to guidance on inflation, rupee depreciation, and crude oil impacts amid geopolitical…
HighAsia's Tech Boom and Oil Dependency Signal Global Economic Shift
Asia's rapid technological expansion coupled with continued petroleum dependence presents a cautionary economic model for global markets, highlighting tensions…
MediumQueensland unlocks state land for oil storage and refineries in fuel security push
Queensland government launches Accelerating Fuel Infrastructure Program to unlock state-owned coastal land for oil storage and refinery development, aiming to…
HighEthiopia Considers Stake in Dangote's $17B Kenya Refinery Project
Ethiopia is exploring an equity investment in Nigerian billionaire Aliko Dangote's proposed $17 billion Lamu oil refinery in Kenya, with East African countries…
HighCrude Oil Prices Slip as Covid Demand Fears Resurface
Crude oil prices weakened as Covid-19 surges in India and South America threaten global demand recovery, with U.S. gasoline inventories rising unexpectedly and…
HighCNG prices surge Rs 2/kg as oil firms hike fuel rates amid West Asia tensions
State-owned oil companies raised CNG prices by Rs 2/kg and petrol/diesel by Rs 3/litre following global energy disruptions from West Asia conflict affecting cr…
HighCuba confirms complete depletion of diesel and fuel oil reserves amid energy crisis
Cuba confirms complete depletion of diesel and fuel oil reserves, triggering widespread blackouts and growing public protests amid U.S. sanctions.
HighOPEC+ Weighs Delaying October Production Hike as Oil Prices Hit 9-Month Low
OPEC+ is considering postponing a planned 180,000 barrel-per-day production increase in October as oil prices hit nine-month lows, citing Libya facility shutdo…
HighHormuz Strait Energy Crisis Threatens Asia's Aviation Future as Fuel Costs Loom
Strait of Hormuz chokepoint disruptions threaten aviation fuel stability, potentially raising ticket prices and operational costs for major Asian travel market…
MediumExplosion at Qatar's Ras Laffan gas facility injures 54, leaves 18 missing
An explosion and fire at Qatar's Barzan gas supply facility in Ras Laffan Industrial City injured 54 people and left 18 missing. Authorities classified it as a…
HighUAE's OPEP Exit Reshapes Oil Cartel, Raises Climate Questions
United Arab Emirates withdraws from OPEC, marking a significant shift in Middle Eastern oil politics and potentially weakening the cartel's influence over glob…
HighChevron to Complete Venezuela Oil Deal, Expand Projects
Chevron is completing a deal to migrate and expand its oil projects in Venezuela, according to sources familiar with the arrangement.
MediumNNPC, ExxonMobil Advance Deepwater Strategy as $1B Usan Infill Project Launches
NNPC Limited and ExxonMobil are collaborating to boost Nigeria's deepwater oil output, with the $1 billion Usan Infill Project underway to increase production…
HighUAE Exits OPEC, OPEC+ Over 'National Interests' Amid Middle East Turmoil
The UAE withdraws from OPEC and OPEC+ effective Friday, citing national interests and breaking a 59-year membership. The move weakens the cartel amid Middle Ea…
HighLPG shortage forces Indian eateries to coal grills as Middle East crisis disrupts supply
Middle East tensions disrupt petroleum supply chains, causing severe LPG shortages that force Indian restaurants and street vendors to switch fuels, close oper…
High