The board of the world’s most valuable carmaker has approved the award of shares to chief executive Elon Musk worth a staggering $29bn (£21.7bn) in efforts to prevent the billionaire from leaving the firm. The new award by Tesla, which amounts to 96 million new shares, comes as part of a new pay deal, after...Continue Reading

Oil supply growth from non-OPEC producers will stall in early 2026, while demand remains robust, according to bp Plc CEO Murray Auchincloss. Non-OPEC supply has been driven in recent years by nations including Guyana and the U.S., Auchincloss said.  SourceContinue Reading

KBC (A Yokogawa Company) has announced the launch of Petro- SIM® v7.6, the latest release of its flagship digital twin process simulation platform for the upstream and downstream oil and gas sectors. SourceContinue Reading

The replacement of a problematic pneumatic level controller and valve resulted in significant uptime and throughput savings for a Canadian upstream producer. SourceContinue Reading

China’s Mineral Curbs Threaten U.S. Defense Supply Chain | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 05, 2025, 1:00 PM CDT China’s recent curbs on the export of critical minerals are significantly disrupting the US defense supply chain, leading to production...Continue Reading

Trump Ties Putin’s War to Falling Prices | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 05, 2025, 12:30 PM CDT U.S. President Donald Trump said Tuesday that a further drop...Continue Reading

Energy Costs and Emissions Push European Steel Producer to Cut Output | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Aug 05, 2025, 12:00 PM CDT ArcelorMittal...Continue Reading

Duke Energy To Sell 20% in Florida Arm for $6 Billion | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 05, 2025, 11:30 AM CDT U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure...Continue Reading

Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions. SourceContinue Reading

U.S. To Scale Up Sanctions On Iran’s Key Financier China | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 05, 2025, 11:00 AM CDT The U.S....Continue Reading