Real-time energy news intelligence from 80+ sources. AI-curated story clusters covering oil & gas, renewables, LNG, and power markets.
Saudi Arabia has decided to significantly scale back its Neom mega-project due to rising costs and engineering challenges. The government plans to shift focus towards developing large-scale data centers instead of the originally envisioned super-city. This change aims to attract private investment and support economic diversification away from oil reliance.
Iran's potential to increase oil production could significantly influence global energy markets. The country's current production levels and capacity for expansion are critical factors in determining future supply dynamics.
US President Trump threatens new attacks against Iran's main oil export terminal. He also calls on other nations to send warships to secure the Strait of Hormuz.
Equinor has signed a two-year contract to supply bio-methanol to Wallenius Wilhelmsen, starting in 2026. The bio-methanol will be used as bunker fuel for dual-fuel vessels and is produced at Equinor's Tjeldbergodden facility. This partnership aims to support the shipping industry's transition to lower-emission fuels, reducing CO2 emissions by 95 percent.
State-owned oil marketing companies are contemplating paying refineries below import-parity rates for petrol and diesel. This decision could adversely affect standalone refiners such as MRPL and CPCL, as they may have to bear increased crude costs.
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