Aramco posts 44% profit rise as higher oil prices boost energy sector earnings
The world's top oil exporter posted net profit of USD 32.69 billion in the three months ended June 30, compared with USD 22.67 billion a year earlier...
Category : Energy
TotalEnergies posts strongest quarter in nearly three years, plans Arctic LNG 2 exit
TotalEnergies also sees its production growing significantly in the Q3, although exports will still be dependent on the situation along Strait of Hormuz...
Energy shock bites: Iran war forces IMF to cut global growth outlook
The global economy is now expected to grow 3% in 2026, down from an April forecast of 3.1%, a modest slowdown partly offset by AI-driven demand...
TIME and Statista name world’s most sustainable companies for 2026
Schneider Electric tops the TIME and Statista list of 750 firms, who were judged on climate action, transparency and environmental stewardship...
Nigeria’s Dangote refinery imports crude from UAE’s ADNOC for first time
Dangote imported one cargo of Umm Lulu crude and another of either Das or Murban crude in June, reports stated...
Adani Ports secures marine services contract for Argentina’s first LNG export to India
The contract to Adani Ports and Special Economic Zone was awarded by Southern Energy, jointly owned by Golar LNG and Pan American Energy...
Despite geopolitical disruptions, OPEC sticks to robust oil demand outlook
OPEC has steadily increased its long-term oil demand forecast since the COVID-19 pandemic, which in 2020 had prompted a demand contraction...
Amid SpaceX IPO glitz, Elon Musk’s Tesla scores regulatory wins in Europe
The EV-maker has received approvals from Denmark and Belgium to commercially launch its FSD driver-assistance software in the European countries...
Iran war: Singapore’s oil product inventories slump to new low
Singapore's inventories of residual fuel totalled 14.84 million barrels during the week to June 10, hitting their lowest in close to eight years...
Egypt Vision 2030: Cairo, Japan to deepen energy cooperation
Egypt's national energy strategy targets increasing the contribution of renewable energy in the electricity mix to 45% by 2028...