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Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported...
U.S. Moves to Keep Tungsten Scrap and Battery Metals at Home
The Bureau of Industry and Security at the U.S. Department of Commerce is moving to restrict for one year the exports of black mass and tungsten waste and scrap without a license to ensure domestic su ...
China’s Power Demand Hits Records as Heatwave Grips Key Regions
Electricity demand in much of China hit a record this week due to scorching summer temperatures, driving grid loads to all-time highs, the State Grid Corporation of China said today, as cited by Reute ...
Middle East War Triggers New Global Refining Boom
For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefitting the world’s biggest oil companies and top refiners. The ...
U.S. Hits New Obstacle on Critical Mineral Security Course
The race for critical metals and minerals has been heating up since President Trump took office, pitting the U.S. against many of its international allies. Yet while the federal government spends bill ...
Fishlike Nanorobots Could Become America’s Answer to China’s Lithium Grip
Lithium has become a hot-button geopolitical issue as the critical mineral has become omnipresent and all-important in the tech and energy sectors. Chances are very good that you have more than one de ...
New Agreements Advance Central Asia’s Middle Corridor Ambitions
The leaders of the five Central Asian states and Azerbaijan, meeting on the shores of Lake Issyk Kul in Kyrgyzstan on July 31, signaled an intent to deepen trans-Caspian connections. The meeting’s fin ...
ONGC Profit More Than Doubles as Oil Prices Surge
India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in production. ONGC reported ...
Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude Output
Pakistan's national Oil and Gas Development Company Limited (OGDC) has signed an agreement with a Canadian firm to deploy advanced technology to boost production from heavy crude oilfields, the larges ...
India Expands Oil Storage Sites After Shock Supply Disruption
India’s state-owned Oil and Natural Gas Corporation (ONGC), the top explorer in the country, will build a new storage site at Mangaluru to hold about 13 million barrels of oil as the world’s third-lar ...
BP Earnings Surge to $5.7 Billion on Oil Price and Refining Boom
BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the shock supply disruption in the Middle Ea ...
Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge
Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ability to re-route most crude exports more than offset the const ...
How Geothermal and Nuclear Could Help the U.S. Catch China in the Energy Race
China is winning the race for global clean energy dominance. Beijing has outspent every other country on Earth for years now, and controls critical global clean energy supply chains. Over the same tim ...