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In a report sent to Rigzone by the Standard Chartered team on Wednesday, Standard Chartered Bank Energy Research Head Emily Ashford highlighted that OPEC+ “appears keen to remove the voluntary output cuts rapidly”. “The group meets virtually on 5 October, amid suggestions that unwinding may be accelerated, increasing the +137,000 barrels per day to +500,000 barrels per day for each of the next three months,” Ashford said in the report. “While the forward curve, market price, balances and sentiment do not suggest that a pivot in strategy is required, OPEC+ appears keen to remove the voluntary output cuts rapidly,” Ashford…

Honeywell UOP President said the collaboration would enhance energy efficiency, reduce emissions and unlock greater value from Saudi Arabia’s resources.New Delhi: Saudi Aramco, Honeywell, and King Abdullah University of Science and Technology (KAUST), have signed a Joint Development Agreement (JDA) to co-develop a next-generation direct Crude-to-Chemicals (CTC) technology.The collaboration will focus on developing and scaling up the CTC process aimed at reducing capital and operating costs of conversion. The new pathway is designed to convert crude oil directly into light olefins and other high-demand chemicals, enabling higher value extraction and improved process economics.The partners said the initiative supports Saudi Arabia’s…

The U.S. Administration wants to ensure that the just-restarted oil exports from Iraq’s semi-autonomous region of Kurdistan continue to flow via pipeline to Turkey in the long run, an anonymous official at the U.S. Department of State told Bloomberg on Friday.The Trump Administration is working toward the goal of keeping Kurdistan’s crude flowing in the long term to boost the Iraqi economy, counter Iran’s influence in the region, and benefit U.S. companies operating in Iraq, according to the official.   The U.S. has played a role in the deal that allowed the resumption of the exports from Kurdistan, the official told…

BELGRADE, Serbia (AP) — Early snowfall in the Western Balkans left thousands of people without electricity on Friday and disrupted traffic as roads became impassable.Heavy, wet snow fell this week in hilly and mountainous areas in Serbia and Bosnia, downing power distribution lines and trees, while persistent rain in lower areas sparked fears of floods and mudslides. More than half a meter of snow has fallen at higher altitudes so far and could reach record levels for October, said Slobodan Sovilj, a meteorologist at the state Hydrometeorological Service. “We have a number of areas without electricity because of broken trees…

This as-told-to essay is based on a conversation with Jake Castillo, a 30-year-old cofounder at Cal AI, an AI-powered nutrition and food tracking app, based in California. Business Insider has verified the financial claims mentioned in this artical. This story has been edited for length and clarity. Right after my master’s, I worked in management consulting, and hated it. I immediately looked for something I’d hate a lot less that would pay a comparable salary.I joined an AI startup part-time after I saw its founder’s post on Twitter about scaling his business. At the startup, we got a high school…

In May, Andrew Chen couldn’t stop thinking about the ticking clock. He was just weeks away from earning his computer science degree from the University of California San Diego — and still didn’t have a job lined up.Then a glimmer of hope landed in his inbox: an email from Amazon inviting him to interview for a software engineering role in 10 days. He knew he couldn’t waste the opportunity, so he made a plan: hole up in his room to study — and document his preparation for the big day on TikTok to hold himself accountable.”I canceled all my social…

An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025.Allen J. Schaben | Los Angeles Times | Getty ImagesA huge fire broke out on Thursday night at a Chevron jet fuel production unit in California, one of the largest refineries on the U.S. west coast, following reports of an explosion.No injuries were reported from the incident at the El Segundo plant, Chevron said on Friday, with the U.S. energy major’s fire department personnel and emergency services “actively responding” to the situation.It was not immediately…

Iraq could ramp up its crude oil exports by some 250,000 barrels daily as it saves this amount from local consumption with the help of several solar power projects.Zawya reported the news, citing a government official, who said that “Iraq consumes nearly a quarter million bpd of crude oil for energy use…switching to renewable energy will save this quantity.”“This will allow Iraq to export more crude and boost revenues…switching to renewable energy is a significant step, but it does not mean Iraq will shift away from fossil fuels,” Abdul Baqi Khalaf, an advisor at the Iraqi oil ministry, also said.Solar…

Global LNG bunkering volumes could surpass 4 million tons by end-2025 and double by 2030, said Jo Friedmann, senior vice president of supply chain research at Rystad Energy.Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, industry executives said. Massive LNG export projects in the US and Qatar are expected to cause a supply glut by 2030, reducing prices and improving its competitiveness against conventional and more-polluting fuel oil.LNG is pulling ahead of other fuels in decarbonising shipping,…

Japan’s JERA Co. Inc. has completed the decommissioning of Anegasaki Thermal Power Station Units 5 and 6, Sodegaura Thermal Power Station Unit 1, Chita Thermal Power Station Unit 5, and Hirono Thermal Power Station Unit 2. In a media release, the company said that the power capacity decommissioned totals 3,254 megawatts (MW). JERA said it is replacing aging thermal power generation with state-of-the-art units, ensuring a stable supply of electricity over the long term. The aim is to achieve a decarbonized society, JERA said. JERA said that since the financial year (FY) 2020, it has carried out 7,310 MW of…