Multiple factors have led developers to abandon announced low-carbon hydrogen projects. Strategy pivot is top among them, accounting for 48% of cancelled capacity (24% of project count) and around 6 million tpa of hydrogen capacity. Developers are reconsidering commitments made during the sector’s early, optimistic phase and now are strategically pivoting back towards their core businesses, opting to scale down risky hydrogen investments in favor of more reliable returns. For example, BP and Australia’s Origin Energy have suspended…

Pakistan is preparing to ask Qatar to defer long-term liquefied natural gas (LNG) deliveries as weak domestic demand collides with a heavy import schedule, according to local press and Bloomberg reporting. The Economic Coordination Committee (ECC) last week authorized the Petroleum Division to renegotiate contract terms, potentially pushing back obligations covering 177 cargoes between 2025 and 2031. The ECC decision reflects mounting pressure on Islamabad’s foreign exchange reserves and a $5.6 billion burden tied to the existing purchase…

Pakistan is preparing to ask Qatar to defer long-term liquefied natural gas (LNG) deliveries as weak domestic demand collides with a heavy import schedule, according to local press and Bloomberg reporting. The Economic Coordination Committee (ECC) last week authorized the Petroleum Division to renegotiate contract terms, potentially pushing back obligations covering 177 cargoes between 2025 and 2031. The ECC decision reflects mounting pressure on Islamabad’s foreign exchange reserves and a $5.6 billion burden tied to the existing purchase…

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) finally lost bullish steam and moved sideways, rising only 0.81%. The past month has seen significant swings in precious metals prices. Safe-haven demand drove several metals to multi-year highs in late July, followed by partial pullbacks in August as market winds shifted. Gold and silver, in particular, rallied on economic uncertainty, with gold briefly hitting record territory and silver reaching levels unseen since 2011. Precious metal trends and hedging advice is covered…

U.S. natural gas consumption is on track to set a new record in 2025, according to the Energy Information Administration. In its latest Short-Term Energy Outlook, the agency projected demand will average 91.4 billion cubic feet per day, up from 90.5 bcf/d in 2024. January usage climbed to 126.8 bcf/d, 5% higher than the same month a year earlier, reflecting colder conditions and steady heating requirements. Natural gas continues to show strong resilience. Despite rapid additions of renewable generation, natural gas remains the dominant fuel for…

Donald Trump has blindsided UK manufacturers by slapping fresh tariffs of up to 25 per cent on more than 400 categories of British goods, from shampoo and children’s highchairs to motorcycles and diggers. Conservative shadow trade secretary Andrew Griffith accused ministers of failing to protect exporters, saying: “When it comes to protecting UK businesses from US tariffs, Starmer is ‘all hat, no cattle’.” “His ‘tiny tariff’ agreement turns out to have more holes than one of Donald Trump’s golf…

Kazakhstan insists that the international oil majors pay a hefty $4.4 billion fine for sulfur pollution despite a court win for Big Oil earlier this month. At the beginning of August, a Kazakh appellate court sided with the international oil majors operating the huge Kashagan oilfield, overturning the massive environmental fine over sulfur storage practices. The North Caspian Operating Company (NCOC)—a consortium that includes Eni, Shell, ExxonMobil, and TotalEnergies—hailed the decision as confirmation that their sulfur handling…

Kazakhstan insists that the international oil majors pay a hefty $4.4 billion fine for sulfur pollution despite a court win for Big Oil earlier this month. At the beginning of August, a Kazakh appellate court sided with the international oil majors operating the huge Kashagan oilfield, overturning the massive environmental fine over sulfur storage practices. The North Caspian Operating Company (NCOC)—a consortium that includes Eni, Shell, ExxonMobil, and TotalEnergies—hailed the decision as confirmation that their sulfur handling…

Crude prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure. The U.S. Benchmark, West Texas Intermediate (WTI), climbed to its highest in three weeks, while Brent crude has pushed above $68 per barrel as traders priced a possible September rate cut following Jerome Powell’s remarks last week.  By 12:17 pm ET, Brent was up 1.71% at $68.89, with WTI gaining  1.95% to $64.90 on expectations of easing…

Crude prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure. The U.S. Benchmark, West Texas Intermediate (WTI), climbed to its highest in three weeks, while Brent crude has pushed above $68 per barrel as traders priced a possible September rate cut following Jerome Powell’s remarks last week.  By 12:17 pm ET, Brent was up 1.71% at $68.89, with WTI gaining  1.95% to $64.90 on expectations of easing…

Crude prices moved higher in early Monday trade, with macro tailwinds from a more dovish U.S. Federal Reserve and fresh supply jitters after Ukrainian drone attacks on Russian energy infrastructure. The U.S. Benchmark, West Texas Intermediate (WTI), climbed to its highest in three weeks, while Brent crude has pushed above $68 per barrel as traders priced a possible September rate cut following Jerome Powell’s remarks last week.  By 12:17 pm ET, Brent was up 1.71% at $68.89, with WTI gaining  1.95% to $64.90 on expectations of easing…

A team of Goldman analysts led by Brian Singer reaffirmed his bullish view on U.S. power-sector Green Capex after the IRS recently clarified eligibility rules for solar and wind tax credits under the One Big Beautiful Bill Act (OBBBA). The new "physical work" test replaces the prior 5% capex rule but is not expected to constrain utility-scale solar and onshore wind projects that much. "While the OBBBA should meaningfully reduce government outlay initially meant to stimulate diverse sources of Green Capex, we continue to see resilient levels of…

Officials in Tbilisi are cheering US President Donald Trump’s peace plan for Armenia and Azerbaijan, even though the creation of a new transit corridor envisioned under the deal threatens to relegate Georgia to geopolitical and economic irrelevance in the eyes of the West. Prime Minister Irakli Kobakhidze hailed the provisional Armenian-Azerbaijani accord soon after it was signed at the White House on August 8, describing it as a “landmark peace deal and opening a new era of stability and economic development in the region.”…

Despite providing most of the growth in global supply over the last decade or so, U.S. shale producers are subject to the effects of the whims of OPEC+, and Saudi Arabia in particular. Their decision to rapidly unwind previous output cuts has put over 2 mm BOPD on the market in a very short period, and resulted in a global stock build that's just knocked the stuffing out of oil prices. We've seen this movie before and it always ends up in the same place. A big "lake" of oil that takes a year or so to work off, and as traders adopt a posture that…

The Northern Lights carbon capture and storage project (CCS) has stored the first volumes of carbon dioxide offshore western Norway, the three oil and gas majors leading the project said on Monday.  The Northern Lights project partners, Equinor, TotalEnergies, and Shell announced that the first CO2 volumes were successfully transported by vessel from Heidelberg Materials’ cement factory in Brevik, Norway, to Northern Lights’ facilities in Øygarden.  The CO2 was then injected 2,600 meters (8,530 ft) below the seabed…

The Northern Lights carbon capture and storage project (CCS) has stored the first volumes of carbon dioxide offshore western Norway, the three oil and gas majors leading the project said on Monday.  The Northern Lights project partners, Equinor, TotalEnergies, and Shell announced that the first CO2 volumes were successfully transported by vessel from Heidelberg Materials’ cement factory in Brevik, Norway, to Northern Lights’ facilities in Øygarden.  The CO2 was then injected 2,600 meters (8,530 ft) below the seabed…

A fire broke out at the Kursk Nuclear Power Plant in Russia after Russian military forces shot down a Ukrainian drone flying near the plant, the press service of the plant said. The drone -- one of several reported on August 23 by Russian authorities -- fell on an auxiliary transformer, sparking the fire, which has been extinguished. There were no injuries, according to the press service's statement. "A combat unmanned aerial vehicle (UAV) belonging to the Armed Forces of Ukraine was shot down by air defense systems near the Kursk Nuclear Power…

ONEOK, Inc., MPLX LP, Whitewater, and Enbridge Inc. announced a new natural gas pipeline project to transport gas from the Permian Basin to the U.S. Gulf Coast. The Eiger Express Pipeline will be a 450-mile, 42-inch pipeline designed to transport up to 2.5 billion cubic feet per day of natural gas. The project is a joint venture between the existing Matterhorn joint venture, which comprises the four companies, and ONEOK and MPLX, which hold additional direct stakes. WhiteWater will be responsible for the construction and operation of the pipeline,…

China’s thermal coal imports are set for a substantial rise this month, reaching 25.63 million tons, which would be the highest monthly increase since last December, Kpler reported, as cited by Reuters’ Clyde Russell. The estimated August total would compare to thermal coal imports of 22.77 million barrels daily for July. More than half of the August imports would come from top exporter Indonesia, at 16.13 million tons, which would be the highest in five months. Imports from Australia are seen at 5.84 million tons, marking their third…

Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a reason. According to Kpler, sluggish fuel demand is a global trend, and it is set to extend into next year as well. The energy research and analytics company reported this week that it expected global fuel demand to rise by some 840,000 barrels daily, which would accelerate modestly to 880,000 barrels daily in 2026. Kpler analyst Esteban Moreno cited weakened consumer confidence as one driver of the fuel demand trends and the proliferation…