Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 07, 2025, 12:30 PM CDT The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil...Continue Reading

Back in the dark days of Covid, we wrote a paper that said the electricity industry was spending only a fraction of what it needed to spend to modernize plant and get ready for climate change. Now, more than six years later, industry spending is getting closer to the required number set back then but...Continue Reading

A government -backed fund is pledging more than £2 for a carbon capture project. Energy secretary Ed Miliband has said that workers in “Britain’s manufacturing heartlands” will benefit from the investment in the Peak Cluster works. Peak Cluster is working towards a pipeline that will take carbon emissions from cement and lime companies in the...Continue Reading

State-owned Indian Oil Corporation, the biggest refiner in India, expects international crude oil prices to stabilize in the $65 to $70 per barrel range for the rest of the fiscal year, with potential dips below $65 a barrel, IndianOil chairman AS Sahney told the NDTV Profit outlet on Monday. “There is still some room for...Continue Reading

U.S. Energy Giants Set to Sign $34 Billion Worth of Deals With Indonesia | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 07, 2025, 9:30 AM CDT U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are...Continue Reading

OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jul 07, 2025, 8:44 AM CDT OPEC+ plans to fully unwind its 2.2 million bpd production cuts by September, much faster than originally scheduled. The...Continue Reading

China’s Refiners Face a Major Jet Fuel Glut | 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 – Jul 07, 2025, 8:30 AM CDT The bad news for China’s refiners doesn’t seem...Continue Reading

Shell Expects Weaker Trading and Lower Natural Gas Output in Q2 | 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 – Jul 07, 2025, 7:15 AM CDT Shell expects to have booked...Continue Reading

Goldman Sachs Expects Another OPEC+ Superhike in September | 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 – Jul 07, 2025, 5:50 AM CDT The OPEC+ producers are expected in August to...Continue Reading

Carney: New Canadian Oil Pipeline Is ‘Highly Likely’ | 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 – Jul 07, 2025, 4:51 AM CDT A new oil pipeline to Canada’s Pacific coast...Continue Reading