Focus on Fuel
Pembina Pipeline earns $479 million in Q2, ups full-year forecast
Pembina Pipeline reports a 32% Q2 profit surge, boosted by higher revenue and pipeline volumes following recent acquisitions.
India’s Reliance in crude-for-naphtha swap deal with Venezuela: sources
Reliance Industries plans to use naphtha as partial payment for Venezuelan crude, resuming trade after U.S. approval.
Russian gas transit route via Ukraine is functioning, minister says
Sudzha gas transit station, which delivers Russian gas to Europe, is still operational despite reports of hostilities, says Ukrainian minister.
What happens if Russian gas transit via Ukraine stops?
Heavy fighting near the Russian town of Sudzha, where Russian gas flows into Ukraine, has raised concerns over a sudden stop to transit...
Western insurers provide cover for Russian oil despite price cap concerns
Tankers carrying Russian oil being insured by five Western companies, trading data shows, despite fears that G7 price cap is being breached.
Marathon Oil misses profit estimates on weak natural gas prices
Marathon Oil missed Q2 profit estimates due to falling natural gas prices, with shares dropping 1.7% after the announcement.
‘Critical turning point’ for coal poses risks for China’s state power firms: Ember report
China's state-owned enterprises are investing in low-carbon sources and helping push the country’s energy transition towards a “critical turning point” where coal power...
