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MADRID (AP) — Firefighters in Spain, Portugal and Greece continued to battle wildfires Friday on a public holiday in all three countries as persistent hot, dry conditions challenged efforts to contain the blazes.Spain was fighting 14 major fires. Temperatures were expected to climb over the weekend. “Today will once again be a very tough day, with an extreme risk of new fires,” Spanish Prime Minister Pedro Sánchez wrote on X.The national weather agency AEMET warned of extreme fire risk in most of the country, including where the largest blazes were burning in the north and west. A heatwave which brought…

Singapore: State refiner Indian Oil Corp (IOC) has bought two million barrels of U.S. West Texas Intermediate crude for October delivery, three trade sources said on Friday.It purchased the cargoes from Mercuria at a premium of $2.80-2.90 a barrel to dated Brent, they added, speaking on condition of anonymity.IOC recently snapped up crude from the United States, Canada and the Middle East as U.S. President Donald Trump ramped up pressure on India for purchases of Russian oil ahead of talks with President Vladimir Putin to reach a ceasefire in Ukraine. Published On Aug 15, 2025 at 12:48 PM IST Join…

Indian Oil Corp has bought another cargo of U.S. West Texas Intermediate for delivery in October, Reuters reported today, citing unnamed industry sources.The deal is part of a recent streak of U.S. oil purchases following President Trump’s threat to impose additional tariffs on Indian exporters to the United States if the country continues buying Russian crude.The October deal was priced at a premium of between $2.80 and $2.90 to dated Brent, Reuters’ sources said.It is price that pushed India to step up Russian oil purchases in the first place, turning Russia from a minor exporter to the subcontinent, into one…

Ukrainian drones attacked Lukoil PJSC’s major refinery in Volgograd in the early hours of Thursday as Kyiv has ramped up strikes on Russian energy infrastructure this month.  The Russian Air Force repelled a “massive UAV attack” on the Volgograd region overnight and as a result of falling debris, oil-products spills caught fire at the facility, Andrei Bocharov, regional governor, said in a Telegram statement.  The blaze was extinguished by 8:13 p.m. local time, the press office of the regional administration said in a separate Telegram statement. The Volgograd refinery, among the 10 largest in Russia, is the latest strategic asset…

Sydney-headquartered natural gas developer Tamboran Resources Corporation has signed a milestone agreement with Native Title Holders and the Northern Land Council. The company said in a media release that the deal opens the door for the sale of appraisal gas from its exploration permits in the Beetaloo Basin. Under the agreement, Native Title Holders grant approval for the Beetaloo Joint Venture (BJV) to sell up to 60 terajoules per day of appraisal gas from EP 98 and EP 117 from the proposed Shenandoah South Pilot Project over three years. The BJV is now working on obtaining the necessary permits for…

Anaergia Inc. has reported a net loss of CAD 9.49 million ($6.89 million) for the second quarter, improving 29 percent from a net loss of CAD 13.36 million for the same three-month period last year. The Burlington, Canada-based provider of integrated waste-to-energy solutions saw a 36.8 percent surge in revenue to CAD 32.26 million for 2Q 2025 from CAD 23.59 million for 2Q 2024, according to figures published on the SEDAR+ database for companies publicly trading in Canada. The Capital Sales segment accounted for the bulk of revenue for 2Q 2025 at CAD 23.21 million, up 51.8 percent from 2Q 2024.…

Buru Energy Ltd. said Thursday it had identified a new prospect that could grow resources for the Rafael natural gas development in Western Australia’s onshore Canning Basin. Identified from Rafael 3D seismic data, the Flying Fox prospect lies immediately beneath the gas and condensate field at about 4,015 meters (13,172.57 feet) True Vertical Depth Subsea, West Perth-based Buru said in a regulatory filing. Buru assessed gross unrisked prospective resources of 60-614 billion standard cubic feet (Bscf) gas with a best estimate (P50) volume of 247 Bscf, and 1.2 million stock tank barrels (MMstb) to 12.6 MMstb of condensate with a…

Electricity generation from hydrocarbons in China surged to the highest in a year last month driven by record temperatures, Reuters reports, citing official Beijing data.Total generation from coal and gas rose by 4.3% last month to 602 billion kWh, as wind and solar cannot meet such swings in demand and as hydropower output declined amid typical summer drought conditions.The report noted, however, that overall, electricity generation from coal and gas has been on a downward trend since the start of the year and that 2025 may become the first year China’s electricity output from hydrocarbon-powered facilities declines. The decline has…

SAN JUAN, Puerto Rico (AP) — Heavy rains that could lead to flooding and landslides are expected in Puerto Rico and the Virgin Islands as Tropical Storm Erin approached the region Friday.The storm was located several hundred miles east of the northern Leeward Islands and has maximum sustained winds of 70 mph (113 kph), according to the National Hurricane Center in Miami. It was moving northwest at 17 mph (28 kph.)Tropical storm watches are in effect for parts of the Leeward Islands, and tropical storm conditions are also forecast for the U.S. and British Virgin Islands and Puerto Rico over…