The conversation about low-carbon hydrogen continued last week at the annual World Utilities Congress, hosted by the multinational energy and water company TAQA in Abu Dhabi. While the hoped-for future trade between Europe and the Middle East and North Africa (MENA) remained in focus, a shift in emphasis appeared. While national goals look increasingly dubious, progress is occurring in specific industry sectors guided by international agreements. Meanwhile, MENA countries confront the imperative to develop domestic markets for their clean hydrogen.…

Since U.S. President Donald Trump took office, the number of applications for carbon capture projects has nosedived, signaling a slowdown in the efforts to commercialize the relatively new technology to remove carbon from the air. Since the Trump Administration signaled it would be axing clean energy subsidies and tax credits, the nascent carbon capture sector, led by some of the biggest U.S. oil firms, has faced increasing uncertainty about the viability of many projects. Carbon Capture Applications Plunge As a result, the application process…

In recent years, Colombia’s oil production and reserves have been in decline and interest in investing in the country’s crude seemed limited in the post-pandemic landscape. In addition, President Petro has been vocal about supporting a green transition and restricting investment in new fossil fuel projects. However, in recent months, there has been a renewed interest in developing exploration and production.  Colombia has long relied on its fossil fuel revenues to support the national economy, with oil and gas contributing around…

Long reliant on gas to meet its energy needs, Singapore is now turning to regional interconnections, primarily via subsea cables, to link national grids and enable cross-border electricity trade. This shift aims to accelerate decarbonization and decouple domestic electricity prices from global gas market volatility. Research from Rystad Energy indicates that if all proposed interconnections to Singapore are realized, they could unlock up to 25 gigawatts (GW) of renewable and energy storage projects worth more than $40 billion in investment across…

Via Metal Miner   There are many hedge fund strategies organizations can employ to generate returns and manage risk. Now, metal buyers are looking to apply these same concepts to certain metals. Base metals like copper have seen notable swings so far in 2025. According to the CME group, copper oscillated in a roughly $4.55–$4.80 per pound range throughout May as Chinese demand steadied and trade tensions eased. In contrast, aluminum has been much stronger. Analysts now predict that LME aluminum will average about $2,574/tonne in 2025…

Authored by Rainer Zitelmann via RealClearMarkets, The most undervalued industry in the world is the space industry. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three. The science fiction author Arthur C. Clarke wrote back in 1977: “The impact of satellites on the entire human race will be at least the same impact as the advent of the telephone in so-called developed societies”. And he was right. Satellite…

When the European Commission started briefing EU states last month on the next sanctions package expected to be imposed on Russia, the 27 member nations expected concrete written proposals to follow. They're still waiting. Normally these sorts of documents -- in this case the potential 18th round of restrictive measures since the Kremlin’s full-scale invasion of Ukraine was launched more three years ago -- are provided only a few days after the briefings, or “confessionals” as they are known in Brussels. The documents outline…

Oil prices posted modest gains Tuesday, fueled by renewed geopolitical risk and signs of tightening supply, though upside may be limited by ongoing uncertainty around Iran and soft macroeconomic indicators. As of late morning, WTI crude was trading at $63.76 (+1.98%), and Brent at $65.74 (+1.72%). Both benchmarks built on Monday’s nearly 3% rally after OPEC+ confirmed it would raise output by just 411,000 barrels per day in July—below what some market watchers feared. Murban crude also rose to $65.51 (+1.13%), while U.S. natural gas…

Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

Venezuela’s oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd. While exports…

Liquefied natural gas (LNG) exports out of Russia fell by 3% in January through May from a year earlier, amid tighter EU restrictions on transshipment and U.S. sanctions on a new LNG project that can’t find buyers yet. Russia’s LNG shipments dipped by 3% year-over-year to 13.2 million tons in the first five months of the year, Reuters reports, citing preliminary data from LSEG. Exports to Europe slumped by 12%, while shipments in May alone declined by 14.3%, according to the data. That’s mostly the result of the EU ban on transshipment…

Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman – two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 – requested a pause in the monthly production increases, Argus Media has reported. But OPEC member Algeria didn't call for a pause, according to Argus’s source. “Algeria…

Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman – two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 – requested a pause in the monthly production increases, Argus Media has reported. But OPEC member Algeria didn't call for a pause, according to Argus’s source. “Algeria…

While oil prices spiked due to a combination of OPEC+ underwhelming markets and wildfires in Canada, a rising geopolitical risk premium is lifting both Brent and WTI and is set to stick around for a while to come.- US-China trade war and OPEC+’s flooding of oil markets with additional supply have lifted refinery margins across the world, with gasoline, jet fuel, and diesel cracks all staying in double digits since the beginning of May.- Global refining margins, as calculated by consultancy Wood Mackenzie, rose to their highest since March…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target company’s debt. The buyer will acquire Sitio’s net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins. Sitio has around 25,300 net royalty acres in the Permian Basin, as well as an additional…

BP’s refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. The Rotterdam refinery is one of Europe’s largest and has the capacity to process 400,000 bpd of crude,…