HIGHLIGHTS About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June […]
Crude oil futures continued to climb in mid-morning Asian trade May 31, adding to gains of more than $2/b for ICE Brent crude overnight after the EU reached an agreement to ban Russian oil imports. […]
HIGHLIGHTS Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets Come September, OPEC’s oil market management pact with Russia […]
Ultra-high-resolution nanoparticle tracers, engineered for temperature stability of up to 2,000°F (1,093°C), will be deployed for the first time to map the inter-well flow communication of a multi-stage geothermal well, as part of a South […]
The National Decommissioning Centre (NDC) has teamed up with the Offshore Renewable Energy (ORE) Catapult in a research partnership aimed at developing new offshore wind technologies. The partnership initially consists of three projects focusing on […]
HIGHLIGHTS US Q1 lithium imports jump to 13,560 mt EV market drives greater demand The US imported 13,560 mt of processed and refined lithium materials in the first quarter, 69% more than in Q1 2021 […]
HIGHLIGHTS Shell ratchets up pressure following unplanned 25% levy Reliefs don’t extend to renewables investment, Shell notes Shell a major North Sea investor with projects in pipeline Shell May 27 warned the UK’s new ‘energy […]
GAIL India Director (Finance) Rakesh Kumar Jain said the company, which reported a 112 per cent jump in FY22 post-tax net profit at Rs 10,364 crore, has outlined an overall capital expenditure plan of up […]
HIGHLIGHTS Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks fueled by Iran and […]
Oil and gas supermajor Shell and its joint venture partner SGH Energy have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux […]
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