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At this week’s flagship international summit on energy security, the clashing visions of the US and its allies were on full display. Beginning with the event’s hosts — the International Energy Agency and the UK government — speaker after speaker at the London conference extolled the virtues of including renewable fuels in the shift to a sustainable energy future. In Britain, “there is an exciting vision of energy security and abundance from cheap, homegrown low-carbon power,” Energy Secretary Ed Miliband enthused in his opening address. IEA Executive Director Fatih Birol hailed the “remarkable” ascent of renewables, which last year accounted…

Oil rose as producers’ promises to keep output growth in check added to signs of the physical market’s strength and a potential easing in trade tensions between the US and China. West Texas Intermediate futures climbed 0.8% to settle near $63 a barrel, while Brent advanced to close around $66.50, after President Donald Trump said that US officials have been holding meetings with Chinese officials on trade as recently as this morning. That countered some pessimism over the major crude importer’s earlier comments that the US should revoke all unilateral tariffs and its dismissal of speculation that progress has been…

In the unfolding geopolitical drama of the Russia-Ukraine war, Russia’s actions, often portrayed as aggressive or imperialistic, may, in a philosophical and historical context, be viewed as a rightful and even necessary defense of its national security and sovereignty, much in the same way the United States would protect its interests if faced with a comparable threat. The Russia-Ukraine war is, to a profound extent, a sequel to the Cuban Missile Crisis—though the stakes and the ideological underpinnings are different, the core issue remains the same: national security. However, when viewed through a broader geopolitical lens, it becomes clear that…

CONCORD, N.H. (AP) — No, New England, that wasn’t a new strain of spring pollen coating your cars. It was dust carried across the country in a phenomenon known as “dirty rain.”April showers are supposed to bring May flowers, but the light rain that fell across the region last Friday and Saturday brought dirt instead. Christian Bridges, a meteorologist with WGME-TV in Portland, Maine, was as perplexed as anyone until he checked the satellite imagery.“You could see that dust got picked up in New Mexico two days before on Thursday by the same storm system,” he said. “It then brought…

ADVERTISEMENTWhile supplies of liquefied natural gas from the US “remain of strategic importance for the European Union”, Ursula von der Leyen gave no indication that the EU executive planned to further ramp up imports, in a speech at a two-day summit on the future of energy security that opened in London on Thursday.The Commission president noted how Russia had “intentionally weaponised” energy supplies while conflict in the Middle East threated global shipping. “And across the Atlantic, the threat of tariffs risk further disruption of crucial supply chains,” she added in a direct reference to the trade war launched by the US…

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 0.2 million barrels from the week ending April 11 to the week ending April 18, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. This report was released on April 23 and included data for the week ending April 18. It showed that crude oil stocks, not including the SPR, stood at 443.1 million barrels on April 18, 442.9 million barrels on April 11, and 453.6 million barrels on April 19, 2024. Crude oil in the SPR stood at 397.5…

BHP Group is preparing to begin looking for a new chief executive officer in the coming months, with key lieutenants already jostling for position to succeed Mike Henry at the top of the world’s biggest miner.  The understanding at BHP is that Henry is now heading toward the end of his tenure, according to company insiders. They emphasized that no decision has been made. But some people close to BHP say a change could come as soon as early next year, and some top executives have begun increasing their interaction with investors and other stakeholders ahead of a likely succession…

Eni SpA on Thursday reported EUR 1.41 billion ($1.6 billion) in adjusted net income attributable to shareholders, down 11 percent from the same three-month period a year ago as oil prices weakened and oil and gas output fell. Before adjustment for nonrecurring or extraordinary items, net earnings landed at EUR 1.17 billion, down 3 percent year-on-year. The Italian state-backed integrated energy major saw liquid production in the January-March 2025 period drop 1 percent year-over-year to 786,000 barrels per day. Natural gas production declined 9 percent to 4.5 billion cubic feet a day. “The asset divestments closed in 2024 in Nigeria,…

Honeywell International Inc. has signed an agreement with Argent LNG to deploy Honeywell’s pretreatment solutions at a liquefied natural gas (LNG) terminal to be built at Port Fourchon, Louisiana. Honeywell’s LNG pretreatment solutions help remove contaminants from natural gas, enabling facility operators to enhance production and operational efficiency, the company said in a media release. By combining Honeywell’s modular Mercury Removal Unit (MRU), Acid Gas Removal Unit (AGRU), and SeparSIV Unit, operators can effectively eliminate mercury, carbon dioxide, sulfur, water, and heavy hydrocarbons to meet LNG specifications. Furthermore, Honeywell UOP SeparSIV accommodates different feed compositions and has the potential to…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Few companies enjoy volatility, but it is the avoidable kind that most chief executives really loathe. Yet that is what the UK continually serves up when it comes to North Sea oil and gas. A government consultation on securing the North Sea’s “energy future” closes next week. As the UK moves towards cleaner energy sources, the aim is to avoid the kind of industrial shock that accompanied the closure of coal mines and steel works in the eighties and nineties.Consultations on the…