Argentina’s energy market has entered a sharp re-rating phase as YPF S.A. (NYSE: YPF) extended its rally nearly 40% over the past five days, driven by foreign investment interest and renewed political stability.  The surge follows reports that XRG, the low-carbon investment arm of Abu Dhabi National Oil Company, is in advanced discussions to join YPF’s flagship LNG export project, according to Arabian Business. The rally also coincides with President Javier Milei’s mid-term election victory and his administration’s…

Argentina’s energy market has entered a sharp re-rating phase as YPF S.A. (NYSE: YPF) extended its rally nearly 40% over the past five days, driven by foreign investment interest and renewed political stability.  The surge follows reports that XRG, the low-carbon investment arm of Abu Dhabi National Oil Company, is in advanced discussions to join YPF’s flagship LNG export project, according to Arabian Business. The rally also coincides with President Javier Milei’s mid-term election victory and his administration’s…

Via Metal Miner Hot rolled coil prices in Europe have remained largely unchanged in the past two weeks. However, a proposal by the European Union to slash import quotas has raised concerns among market participants. Hot Rolled Coil Deliveries Surging into the EU Mills in northern Europe continue to seek €580-600 ($700) per metric ton EXW for the flat rolled product, though one trader noted that they have since moved away from the offers’ high end, instead transacting material at closer €570 ($665). Imports into Europe from Southeast…

Slovakia’s main refiner Slovnaft said Tuesday that Croatian pipeline operator JANAF had sharply reduced deliveries of non-Russian crude, threatening Central Europe’s effort to diversify away from Russian supply. The company, part of Hungary’s MOL Group, reported losing approximately 90,000 tonnes of Arab Light crude that had been contracted for October and November, according to Reuters. Slovnaft described the decision as a “breach of contract,” warning it “seriously jeopardizes the supply of non-Russian fuel…

Chinese automakers just unveiled a new solid-state battery that could revolutionize the electric vehicles industry. The technology boasts double the energy density of battery models currently available on the market, and could power an EV for an astonishing 800 miles without needing to be recharged. The innovation is just the latest piece of evidence pointing to China’s near-total dominance – in terms of both technology and manufacturing – of the global EV sector. Solid-state batteries have been receiving increasing attention…

Saudi Arabia has awarded one wind power and four solar power projects in the country worth a total estimated investment of $2.4 billion (9 billion Saudi riyals), the official Saudi Press Agency reports. Saudi Power Procurement Company, the principal buyer of the projects, awarded the five projects with a total capacity of 4.5 gigawatts (GW), as part of the sixth phase of the Kingdom’s National Renewable Energy Program. Saudi Arabia, the world’s biggest crude oil exporter, aims to hike the share of renewable electricity generation as…

Russian President Vladimir Putin received North Korea's top diplomat at the Kremlin on October 27 as Russian forces continued their push in eastern Ukraine, penetrating a key city amid fierce fighting. North Korean media said Foreign Minister Choe Son Hui discussed "many future projects to constantly strengthen and develop" the bilateral relationship while also passing on leader Kim Jong Un's "brotherly regard" to Putin. No further details were given. North Korea has become a crucial backer of Russia’s nearly four-year invasion of Ukraine,…

Oil India Limited (OIL), the state-owned oil and gas explorer, has $300 million in dividends from its stakes in Russian oilfields stuck at Russian banks and unable to withdraw, due to last week’s U.S. sanctions that hit the Rosneft-operated fields.   The U.S. sanctions on JSC Vankorneft and Taas-Yuryakh Neftegazodobycha LLC (LLC TYNGD), in each of which Rosneft holds just over 50%, have complicated fund transfers, Oil India’s chairman Ranjit Rath told Reuters on Tuesday. OIL is seeking legal options to free up the dividends, Rath…

Oil India Limited (OIL), the state-owned oil and gas explorer, has $300 million in dividends from its stakes in Russian oilfields stuck at Russian banks and unable to withdraw, due to last week’s U.S. sanctions that hit the Rosneft-operated fields.   The U.S. sanctions on JSC Vankorneft and Taas-Yuryakh Neftegazodobycha LLC (LLC TYNGD), in each of which Rosneft holds just over 50%, have complicated fund transfers, Oil India’s chairman Ranjit Rath told Reuters on Tuesday. OIL is seeking legal options to free up the dividends, Rath…

Oil India Limited (OIL), the state-owned oil and gas explorer, has $300 million in dividends from its stakes in Russian oilfields stuck at Russian banks and unable to withdraw, due to last week’s U.S. sanctions that hit the Rosneft-operated fields.   The U.S. sanctions on JSC Vankorneft and Taas-Yuryakh Neftegazodobycha LLC (LLC TYNGD), in each of which Rosneft holds just over 50%, have complicated fund transfers, Oil India’s chairman Ranjit Rath told Reuters on Tuesday. OIL is seeking legal options to free up the dividends, Rath…

Brent crude hovers near $65 as traders await the outcome of this week’s Trump–Xi meeting in South Korea. From Black Gold to Blue Flame – US Dealmakers Pivot to Gas - The US oil industry’s consolidation drive has run out of steam as low-60 crude prices made it much harder for private equity firms to sell their undeveloped assets; however, gas deals still have a lot of room left.  - According to Enverus, US upstream dealmaking dipped by almost 30% in Q3 2025, totalling only $9.7 billion with Crescent Energy’s $3…

India’s Hindustan Petroleum Corporation Limited (HPCL) is looking to import fuel in early November under a rare import tender, after the state-controlled refiner was forced to close a gasoline-producing unit at its Mumbai refinery due to a contamination issue, sources with knowledge of the tender told Reuters on Tuesday.  HPCL on Monday said its Mumbai refinery, one of the two large refineries the company operates in India, faced “operational issues” after processing crude from Hindustan Oil Exploration Co.’s (HOECL)…

North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took the decision after one of its customers, TenneT, terminated its relationship over a 2GW energy programme in the Netherlands. “Having carefully assessed its options, and the impact of TenneT’s decision… the directors of Petrofac Limited have applied to the High Court of England and Wales to appoint administrators,” the company said in a statement. “When appointed, administrators…

Singapore’s Equator Renewables Asia and the clean energy unit of China National Nuclear Corporation on Tuesday signed a joint venture agreement to develop a solar project in Indonesia, with part of the electricity generation set for exports to Singapore.  CRE International (CREI), the renewables arm of the China National Nuclear Corporation (CNNC), and Equator Renewables Asia will work to develop a cross-border renewable energy project designed to export up to 400?MW?AC of clean, solar-generated electricity from Indonesia’s Riau…

The oil market just had its knee-jerk moment. Prices roared higher after the U.S. blacklisted Rosneft and Lukoil—but traders are already questioning whether President Trump’s sanctions will ever really stick. Oil prices jumped 8% last week, with most of the gains coming on Thursday, the day following the U.S. Treasury Department’s announcement that Russia’s top two producers and refiners would be designated effective November 21.   Market Focus Shifts from Glut Fears to Supply Squeeze Anxiety The U.S. sanctions…

Electric vehicle skeptics often squawk that battery-electric vehicles like Teslas are nowhere nearly as friendly to the environment as their proponents claim. Well, the truth is a bit more nuanced. Whereas the initial manufacturing of EVs, particularly their batteries, does have a significantly higher carbon footprint than internal combustion engine (ICE) cars, many life cycle assessments consistently show that EVs have significantly lower total greenhouse gas emissions than gasoline or diesel vehicles once they are on the road. Unfortunately,…

Europe’s clean-energy crusade has hit a wall of its own making. The EU’s leaders vowed to slash emissions by 90% by 2040, but as electricity bills climb and factories falter, the political consensus that once seemed unshakable is beginning to crack. What began as a climate ambition is turning into an economic rebellion.  Next month will see world leaders gather for COP30—the climate conference that sees countries make political and financial pledges in a bid to arrest what many argue is irreversible planetary destruction.…

Global satellite-detected methane emissions from the onshore upstream oil and gas sector ticked up late last year and into the first quarter of 2025, reversing a steady decline since 2020. Rystad Energy analysis, supported by satellite detection, highlights stark regional differences: China’s emissions surged nearly one-third year on year, while the US recorded a smaller rise of 4%. Russia, on the other hand, posted a 5% drop in the first quarter, largely due to the ongoing Russia-Ukraine conflict leading to lower production volumes. Detected…

U.S. President Donald Trump appears to have come to the view long-held by others who know how his Russian counterpart Vladimir Putin operates that the war in Ukraine must finally cause him hard-hitting consequences before it can come to an end. After all, the Little Emperor’s geopolitical game plan has always been to keep pushing until he runs into a force greater than his own, whether that is in Ukraine or further westwards in Europe. Indeed, the only reason that Putin did not use tactical nuclear weapons in Ukraine after it was apparent…

Via Metal Miner While geopolitical tensions continue and rare earths supply chain vulnerabilities deepen, the United States is quietly redrawing the global map of critical mineral sourcing, and Australia seems to be emerging as a cornerstone. The latest development on this front is the U.S. Export-Import Bank (EXIM) issuing a letter of interest to fund up to US $200 million for VHM’s Goschen Rare Earths and Mineral Sands Project in Victoria. This follows a similar move in September of this year, when EXIM backed US $67 million for Sunrise…