The Iran-backed Houthis are seeking to control the whole Yemeni Red Sea coast, which would further consolidate their leverage over the Bab el-Mandeb Strait — one of the busiest and most contested global maritime chokepoints. The militant group has already declared a naval blockade against Saudi Arabia, the world's largest oil exporter, and Houthi dominance over the Bab el-Mandeb waterway would further isolate Gulf oil producers from their main shipping routes. WHERE IS BAB [Read more]
Headlines
China independent refiners scramble for oil, underpinning spot premiums
Chinese independent refiners have been rushing to secure crude from West Africa, Canada and South America in recent weeks, supporting spot premiums at multi-month highs as they replace thinning Iranian and Russian supplies, trade sources and analysts said. The purchases are set to further tighten physical markets as escalating attacks between the U.S. and Iran have reduced Gulf exports through the Strait of Hormuz, pushing Brent above $100 a barrel. Over the past few weeks Chinese [Read more]
Where global gas and LNG infrastructure is growing: Maguire
Natural gas and LNG have emerged as the fossil fuel industry's most important growth markets as demand for oil and coal comes under mounting pressure from electrification, efficiency gains and climate policies. Governments and utilities are increasingly turning to gas to support rising electricity demand and provide reliable power alongside expanding renewable energy supplies, triggering a global wave of investment in gas-fired generation, pipelines and LNG export and import [Read more]
Trump advisers warn Iran conflict may last through end of his term, WSJ reports
Top White House advisers, including Vice President JD Vance and Secretary of State Marco Rubio, have privately warned President Donald Trump that the conflict with Iran could extend through the remainder of his presidency, the Wall Street Journal reported on Wednesday, citing U.S. officials. The White House did not immediately respond to a Reuters request for comment. The advisers told Trump in private discussions in the Oval Office and the Situation Room that Tehran could continue to [Read more]
Asia’s oil industry wants Trump to leave the Gulf, but expects he won’t: Russell
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East. Across thousands of conversations at this week's APPEC conference in Singapore, the big issue was how to safely and sustainably reopen the Strait of Hormuz. The answer was remarkably consistent. U.S. President Donald Trump needs to back down [Read more]
Trump says Iran war to end after US midterm elections, threatens to attack Pickaxe Mountain
President Donald Trump said he expected the war with Iran to end after the November U.S. midterm elections and threatened again to attack a site associated with the Islamic Republic's nuclear programme after the two sides launched their biggest wave of attacks on shipping since the start of the six-month-old war. Tensions in the region were high, with Saudi civil defence authorities on Thursday issuing emergency alerts in the southwest city of Khamis Mushait for the fourth time in 24 hours, [Read more]
China’s EV penetration could reach 80% by 2030, Sinopec researcher says
China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth of the sector is set to curb oil demand in the world's largest crude oil importer. Sinopec's Economics and Development Research Institute estimates EVs will displace 56 million metric tons, or about 1.2 million barrels per day, of oil demand in China this [Read more]
Prospera Energy Announces Financing Update
Calgary, Alberta--(Newsfile Corp. - September 9, 2026) - Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Corporation", or the "Company") Private Placement Update Prospera announces a non-brokered private placement of up to 400,000,000 units at $0.03 per unit for aggregate gross proceeds of up to $12.0 million. The offering carries the same terms announced on August 29th, 2026 and is being filed with the TSX Venture Exchange as a new private placement in accordance [Read more]
US pipeline operator Kinetik exploring potential sale, sources say
U.S. pipeline operator Kinetik Holdings is in the early stages of exploring a potential sale of the company, three sources familiar with the matter said on Wednesday. The company is working with advisers on the process, said the sources, who cautioned that no deal was guaranteed and spoke on condition of anonymity to discuss confidential deliberations. Kinetik focuses on transporting natural gas and crude oil from wells in the Delaware portion of the Permian basin of Texas and New Mexico. [Read more]
Officials break ground on massive carbon capture project in central Alberta
CLIVE - A village in central Alberta is on track to house the country’s largest carbon capture project. Enhance Energy Inc., a carbon management company, says it has broken ground on its Origins project in Clive, Alta., about 140 kilometres south of Edmonton. Operations are slated to begin in January. The Origins carbon capture and storage hub is to initially have capacity to permanently store up to 1.5 million tonnes of carbon dioxide a year. Enhance Energy already operates [Read more]
- « Previous Page
- 1
- …
- 85
- 86
- 87
- 88
- 89
- …
- 3929
- Next Page »