India’s commitment to coal remains stronger than ever, and the government’s latest move to extend the mandate for coal-fired plants to run at full capacity until February 28 is proof of that. In a world where renewables may be slowly gaining ground, coal continues to power over 70% of India’s electricity needs. The mandate, which...Continue Reading

Shell Closes Oil Unit at Singapore Refinery to Investigate Leak | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 27, 2024, 10:30 AM CST Shell has shut down one of its oil processing units at its refinery complex in Singapore to investigate a suspected leak...Continue Reading

Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. SourceContinue Reading

Oil Prices Rise on China Stimulus and Falling U.S. Inventories | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Dec 27, 2024, 10:00 AM CST Oil prices are on track to post a weekly gain on the back of China’s economic...Continue Reading

Mongolia and Orano Agree $1.6 Billion Uranium Mining Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 27, 2024, 9:30 AM CST Mongolia and French group Orano Mining have struck a preliminary agreement to develop a $1.6-billion uranium mining project in the Asian country,...Continue Reading

Is China’s Fiscal Stimulus Enough to Drive Oil Prices Higher in 2025? | OilPrice.com Premium Content By Editorial Dept – Dec 27, 2024, 8:30 AM CST Crude oil markets reacted positively this week to the announcement of a $411 billion fiscal stimulus package from China, aimed at boosting economic growth through infrastructure and industrial expansion....Continue Reading

China’s Secret Weapons-for-Oil Deal With Libyan General | OilPrice.com Premium Content By Editorial Dept – Dec 27, 2024, 8:30 AM CST Politics, Geopolitics & Conflict Tensions continue to rise in Syria after the fall of Assad, with various internal and external forces jockeying for position in a power vacuum. Earlier this week, Assad loyalists ambushed...Continue Reading

By Editorial Dept – Dec 27, 2024, 8:30 AM CST It’s been a busy Christmas season on the Russia-Ukraine front line. It’s still a stalemate, whether it becomes frozen in time this year or not will change little. This year, the war has been different, with a sustained Ukrainian counteroffensive and air strike campaigns on...Continue Reading

European Gas Prices Soar as Putin Says a New Ukraine Transit Deal Is Unlikely | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Dec 27, 2024, 8:30 AM CST Europe’s benchmark...Continue Reading

Oil Majors Rethink Their Renewable Energy Ambitions | OilPrice.com Premium Content By Editorial Dept – Dec 27, 2024, 8:30 AM CST Oil Majors Downscale Their Renewable Ambition – One of the key trends in oil major strategies this year has been the notable divestment of renewable projects, at times even reversing climate commitments amidst shaky...Continue Reading