Sinopec Sees China Oil Demand Falling 8.9% in 2026
China’s Sinopec, the world’s top refiner by capacity, expects Chinese oil demand to drop by 8.9% in 2026 from a year earlier amid demand destruction …
Read Full ArticleMorgan Stanley: Oil Traders Are ‘More Precise’ With Risk as Wars Drag On
Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to …
Read Full ArticleDiesel Crunch Set to Worsen as Refining Capacity Falls Short, Industry Warns
The tight global diesel market is set to further tighten in the coming months and keep fuel prices high, raising the prices of all goods …
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Drones in solar: where can automation deliver the most value?
This episode of Energy Technology explores how drones can offer the most value across the solar value chain and where the industry is heading.
Read Full ArticleIndia’s Refineries Run at Up to 108% as Diesel Demand Surges
India’s refineries have been running at 105% to 108% capacity utilization in the past six months as demand for diesel soars and international fuel markets …
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Oil prices pass $100 amid intensified Middle East hostilities
Oil prices surpassed $100 a barrel on 9 September, Wednesday, reaching their highest level in over six weeks as fresh hostilities in the Middle East …
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Santos commences drilling of first appraisal well in Beetaloo Basin
Australian energy major Santos has commenced drilling its first appraisal well in the Northern Territory’s Beetaloo Basin, representing a move towards potential future gas development …
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Oil and gas electrification: why the sector’s big shift has a power problem
Electrification technologies are mature, but grid connection costs and timelines are slowing uptake across the oil and gas value chain.
Read Full ArticleIraq Pushes OPEC for a Huge Increase in Its Oil Quota
Iraq has asked the OPEC leadership for a significantly higher crude oil production baseline for future quotas, Bloomberg has reported, citing unnamed sources with knowledge …
Read Full ArticleBrent Breaks $100 for the First Time in Nearly Two Months
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes …
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McDermott wins subsea contract for Cronos gas field off Cyprus
McDermott has secured a subsea contract from Eni Cyprus, a subsidiary of Eni, for the Cronos gas development in Cyprus’s offshore Block 6.
Read Full ArticleRising Oil Prices Threaten China’s Independent Refiners
Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela …
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