Energy

U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong
Energy

U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong

Earnings to increase in the next two quarters as demand picks up during the summer driving season

Oman LNG signs 10-year supply agreement with TotalEnergies
Asia

Oman LNG signs 10-year supply agreement with TotalEnergies

TotalEnergies also announces final investment decision for Oman's Marsa LNG project

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March
Asia

China’s marine fuel oil exports plunge 32 percent YoY to 1.32 million tons in March

The exports are primarily driven by sales from bonded storage for vessels operating on international routes

Nigeria strikes gas supply deal with Shell for $3.8 billion methanol facility
Africa

Nigeria strikes gas supply deal with Shell for $3.8 billion methanol facility

Agreement addresses major obstacle to the project's final investment decision

Japanese oil refiners prepare for potential disruptions amid Middle East tensions
Asia

Japanese oil refiners prepare for potential disruptions amid Middle East tensions

Japan imports 95 percent of its oil from the Middle East

Libya surpasses Nigeria as Africa’s top oil producer, OPEC report reveals
Africa

Libya surpasses Nigeria as Africa’s top oil producer, OPEC report reveals

Libya's crude oil output reached 1.24 million barrels per day (bpd) in March 2024

Top oil-producing countries in the world
Energy

Top oil-producing countries in the world

U.S., Russia and Saudi Arabia occupy the top spots

High carbon emissions are the hidden cost of AI expansion
Energy

High carbon emissions are the hidden cost of AI expansion