Russia is grappling with fuel shortages and price hikes after a string of Ukrainian attacks on its oil refineries. To protect supplies in Russia, where long lines at gas stations have been reported in some regions, Moscow has banned or restricted the export of gasoline and diesel. The move has triggered fuel shortages and price rises in some of the former Soviet republics of Central Asia, which are heavily reliant on Russian energy. Tajikistan Among Hardest Hit Tajikistan, which imports almost all its fuel -- mostly from Russia, has been among…

This year’s International E-Waste Day, celebrated annually on October 14 to raise awareness about the growing problem of electronic waste and promote responsible e-waste management, focuses on the critical resources contained in e-waste. These days, as some of those materials have become a bargaining chip in geopolitics, it’s more important than ever to recover the valuable resources contained in unused or broken electronic products. According to the latest edition of the Global E-Waste Monitor – a flagship publication on the…

Saudi Arabia’s domestic oil consumption for power generation is showing early signs of structural decline, signaling steady progress toward its Vision 2030 goal of eliminating oil use from its electricity mix. After decades of burning crude and fuel oil to meet surging summer demand, new data indicates the Kingdom is finally beginning to curb this long-entrenched practice—thanks to rising gas output, rapid renewable deployment, and aggressive efficiency measures. According to data reported to OPEC and published by the Joint Organizations…

The latest tit-for-tat fees on port callings in the U.S.-China trade spat threaten to create additional vortexes in global oil flows. Shipowners and charterers are scrambling for clarity after China imposed this week a fee on U.S.-owned, operated, built, or flagged vessels, in retaliation for a similar U.S. move on Chinese ships. China-built ships are exempted from the new Chinese fee, but the impact on oil trade flows would still be significant, at least until owners and charterers find a way to move forward more smoothly in the choppy waters…

North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029. The EIA attributes the increase to seven large U.S. export terminals under construction, including Golden Pass LNG, Plaquemines LNG, and Driftwood…

North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029. The EIA attributes the increase to seven large U.S. export terminals under construction, including Golden Pass LNG, Plaquemines LNG, and Driftwood…

Crude oil inventories in the United States increased by 3.5 million barrels during the week ending October 10, after gaining 3.7 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles to 423.8 million barrels according to government data, which is still 4% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil…

India’s energy regulator has opened an internal investigation after the Securities and Exchange Board of India (SEBI) accused several officials of insider trading related to power market reforms. The Central Electricity Regulatory Commission (CERC) confirmed Thursday that it has suspended three employees and set up a fact-finding committee following SEBI’s interim order earlier this week, according to Indian media.  The case centers on trading in shares of the Indian Energy Exchange (IEX), India’s dominant platform for spot…

India’s energy regulator has opened an internal investigation after the Securities and Exchange Board of India (SEBI) accused several officials of insider trading related to power market reforms. The Central Electricity Regulatory Commission (CERC) confirmed Thursday that it has suspended three employees and set up a fact-finding committee following SEBI’s interim order earlier this week, according to Indian media.  The case centers on trading in shares of the Indian Energy Exchange (IEX), India’s dominant platform for spot…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a large 7.36 million barrels in the week ending October 10. Analysts had forecast a much smaller 120,000-barrel build for the week. Today’s build comes after the IEA predicted a smaller global oil demand growth estimate for this year, along with a higher supply growth, which would, according to the agency, result in a rather large supply overhang globally.  But crude oil inventories in the United States are not showing signs…

The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco. “We had a decade . . . where people didn’t explore. It’s going to have an impact,” Nasser told the Financial Times.  “If it doesn’t happen, there will be a supply crunch,” said the top executive of the world’s biggest oil firm by both production and market value.  …

In a move to help the chances of a trade deal with the United States, India intends to raise imports of U.S. liquefied petroleum gas (LPG) and reduce such purchases from the Middle East, anonymous sources familiar with the plans told Reuters on Thursday.  State-owned refiners in India have informed their traditional large LPG suppliers from the Gulf – Saudi Arabia, Kuwait, the United Arab Emirates (UAE), and Qatar – that they should expect potentially lower nominations for their product from India, according to Reuters’ sources. …

Australia’s oil and gas giant Santos on Thursday lowered its production guidance for 2025 as a result of a software issue impacting the ramp-up of the new Barossa LNG project and floods in the Cooper basin that affected output.    In its third-quarter report out today, Santos narrowed its production guidance for this year to between 89 million and 91 million barrels of oil equivalent (boe), down from the previous guidance of 90-95 million boe. The downgrade primarily reflects a slower-than-anticipated start-up of the floating production,…

In late 2015, the Kremlin achieved a key victory when it launched a military intervention in Syria to rescue the fast-sinking regime of then-Syrian President Bashar al-Assad and enshrine its role as a leading player in the Middle East. But 10 years later, Assad has been overthrown and a series of decisive events – the latest of which is an October 13 US-brokered cease-fire agreement between Israel and Gaza – are reversing that impression. “Russia has not been sidelined diplomatically in the Middle East like this since it intervened…

Oil prices recovered slightly in early Asian trade on Thursday after a steep drop that pushed WTI and Brent to five-month lows the day before. The rebound was fueled by renewed optimism over U.S. pressure on India to curb its imports of Russian crude, which could tighten arbitrage flows and compress margins for buyers. At the time of writing, West Texas Intermediate for November delivery was trading 0.91% higher at $58.80 per barrel. Meanwhile, Brent December futures were up 0.89% at $62.46 per barrel. The price rise came after President Trump…

Top executives from supermajors, the U.S. shale patch, and national oil companies remain bullish about the oil market in the medium and long term, expecting growing demand and the downturn in oil prices to eventually rebalance supply and demand from the looming glut. At the Energy Intelligence Forum in London this week, the oil bosses acknowledged the bearish short-term fundamentals as supply growth outpaces the increase in demand. But they also see the market rebalancing in the medium term and supply struggling to catch up with demand in the long…

The U.S. clean energy drive has slowed down markedly in the current year,  with solar, wind and battery capacity additions on track to climb a modest 7% in 2025 from 2024 levels, the slowest clip in over a decade. The wind sector is particularly badly hit, with projections of a mere 1.8% in capacity growth in the current year, the lowest since 2010, largely due to policy headwinds by the Trump administration including the cancellation of hundreds of millions in offshore wind funding as well as freezing permitting for offshore wind projects.…