August 15, 2025 Hours before the Trump-Putin meeting in Alaska, Ukraine said it had struck an oil refinery in Russia and a Caspian port that Moscow uses to ship weapons from Iran for the war in Ukraine.    Ukraine said it attacked overnight the Syzran refinery, owned by oil giant Rosneft and located in Russia’s Samara region, about 500 miles […]Read More

August 13, 2025 Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, booked a lower net profit for the April-June quarter from a year earlier on the back of falling prices and basically flat production.  ONGC reported a net profit of $917 million (80.24 billion Indian […]Read More

August 11, 2025 India could see spikes in power prices in the coming weeks as supply will be constrained and procurement costs will rise with the shutdown of a unit at the country’s largest nuclear power plant for maintenance.  India has now shut the 1-GW Unit 1 at the Kudankulam nuclear power plant in the […]Read More

August 08, 2025 India’s two largest crude oil refiners have secured some 22 million barrels in non-Russian crude for delivery in September and October following President Trump’s decision to impose an additional 25% tariff on Indian imports if it continues buying Russian oil. Reuters, which cited unnamed trading sources, the cargos were secured on the […]Read More

August 6, 2025 President Tinubu extends his deepest condolences to President John Mahama, the government and people of Ghana following the helicopter crash that claimed the lives of Defence Minister Edward Omane Boamah, Environment Minister Ibrahim Murtala Muhammed, and six others. President Tinubu assures President Mahama and all Ghanaians that the thoughts and prayers of […]Read More

August 05, 2025 Despite a drop in earnings from a year earlier, BP beat the second-quarter profit estimates as its chief executive Murray Auchincloss said that the UK supermajor “can and will do better for its investors.”  BP on Tuesday reported an underlying replacement cost profit – the closest metric to net profit – of $2.4 billion […]Read More

August 04, 2025 Technologies like AI are poised to spur a new wave of innovation and economic growth -and meeting AI’s energy needs efficiently and reliably also presents a unique opportunity to modernize our entire energy system. That’s why we’ve been working to bring flexible demand capabilities into our data center fleet, which enables us […]Read More