US Says Israel, Lebanon Agreed Truce on Hezbollah Condition
The White House said the agreement between Israel and Lebanon was contingent on 'a complete cessation' of attacks by the Iran-backed militia.
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Venezuela Wants Oil Firms to Supply Their Own Power
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations.
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Oil Settles Higher On Iran Strikes
Oil prices climbed as US-Iran tensions escalated and peace talks stalled.
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Iberdrola Starts Up Spain's Biggest Battery Energy Storage Project
'With 58 MW of power and 120 MWh of storage capacity, the project marks another step forward in the company's commitment to energy storage as a key pillar of electrification and renewable integration'.
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GasBuddy Warns USA Gas Price Relief May be Short Lived
GasBuddy highlighted that gasoline prices in the U.S. are 'plunging' but warned that the 'relief may be short lived'.
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Kuwait to Look at Expanding Global Oil Storage
The U.S. and Israeli campaign against Iran that began in late-February has led to unprecedented upheaval in global markets.
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Repsol Adds 200,000 Tons of Annual Capacity for Renewable Fuel Production
The Spanish energy company producing renewable diesel at its Puertollano Industrial Complex in Ciudad Real, its second plant dedicated exclusively to producing 100 percent renewable fuels.
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Energy Cos Team Up for New AI Powered Safety Initiative
Enverus revealed that it has teamed up with Continental Resources, BPX Energy, Chord Energy, and Ranger Energy Services to introduce LifeSaver, 'a field safety initiative'.
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BW LPG Sees YoY Increase in Shipping Revenue
'Current earnings continue to be supported by trading inefficiencies and a shortage of available vessels on the US-Far East trade'.
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Oil Trading Higher for Third Consecutive Session
'Market pessimism once again grows over the prospects of a U.S.-Iran deal that could pave the way for a reopening of the Strait of Hormuz', Ole S. Hansen, Head of Commodity Strategy at Saxo Bank, said.