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Iran and Oman deal, US jobs report on deck
In the Gulf, Iran and Oman have reportedly reached an agreement to reopen the Strait of Hormuz. The ...
Eurozone Retail Sales disappoint – Broader economy still 'holding up reasonably well'
Yesterday’s Euro Area retail sales print for June was a disappointment. Sales unexpected fell by 0.3...
US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures traded close to unchanged on Friday as investors awaited the latest employment data...
Renewables Hit Record 58% Share of Germany's Power Consumption
Renewable energy accounted for a record-high 58% of Germany’s electricity consumption in the first half of 2026, up from 55.8% for the same period last year, the latest estimates by industry associati ...
Japan's Biggest LNG Buyer Creates Standalone Trading Arm
Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said ...
Eni Forms Trading Venture With Mercuria to Boost Commodity Profits
Eni is forming an energy commodity joint venture with global trader Mercuria as the Italian energy major eyes higher profits to rival the most active traders among the European energy giants. Eni on W ...
KKR and SK Launch South Korea’s Largest Renewable Energy Platform
Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip ...
America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars
U.S. companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times. This would be the ...
Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said. According to S ...
India’s Russian Oil Boom Outlives the Hormuz Shock
Indian crude imports set several records in June. Total inflows reached about 5 million b/d, the highest level ever recorded for the month. Of that, 2.6 million b/d came from Russia, equivalent to 54% ...
Australia’s Oil and Gas Exploration Set for Renaissance
Oil and gas companies operating in Australia are lining up plans to boost oil and gas exploration as activity picks up amid the energy crisis in the wake of the Iran war. Australia, which has had to c ...
China's Energy Future Runs on Coal and Solar
China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox se ...
Nigeria Unveils World-Class Critical Minerals Discovery
Nigeria has announced the discovery of a world-class, polymetallic deposit in Kaduna State, with government experts saying it’s one of the country's most important critical minerals discoveries in rec ...
US Crude Output Sets New Monthly Production Record
According to monthly data released Tuesday by the U.S. Energy Information Administration (EIA), U.S. crude oil production climbed to a record 13.934 million barrels per day (bpd) in April—the highest ...
Beaver Island Becomes Test Site for Freshwater Wave Energy
The next frontier for wave energy may be far from any ocean. Beaver Island, situated in the middle of Lake Michigan, seeks to be the next major testing ground for hydrokinetic energy from the waves th ...