US prediction market Kalshi is asking the US Commodity Futures Trading Commission (CFTC) for approval to launch a perpetual contract tracking WTI crude futures, which if authorized would become the ...

US independent refiner Phillips 66 locked out 385 union-represented workers from its 275,000 b/d Bayway refinery in Linden, New Jersey, as contract negotiations fell through between the company and ...

Registries that track and issue renewable energy certificates (RECs) are supplying more data to voluntary market participants as buying habits — and scrutiny on those habits — take on new layers of ...

The US is looking at "some opportunities" to help re-open refineries that have been shut within the past decade, secretary of energy Chris Wright said today.

Mexico's state-owned Pemex has resumed a restructuring drive that is eliminating dozens of jobs and lowering the grades and pay of other employees at its executive tower in Mexico City and across ...

The US' proposal to purchase and employ so-called "shadow fleet" vessels to transport mainstream crude to counter high freight costs may struggle to overcome obstacles, including sanctions from ...

The UK will fly military missions over Saudi Arabia to protect infrastructure from attacks, the government said today.

IEA executive director Fatih Birol said today that he does not see "any credible pathway" for a normalisation of energy markets next year and that the crisis in the Middle East could escalate further.

Offtake agreements with developers of CO2 removal (CDR) projects is the key mechanism that the European Commission is considering to employ for the centralised purchases of at least 250mn CDR credits ...

State-owned QatarEnergy has withdrawn its offer to sell 9-10 older steam turbine LNG carriers, possibly because the company is increasing transits on the strait of Hormuz, for which older carriers are ...

Some European flat steel producers have proposed a €100/t increase in first half 2027 automotive supply contract negotiations, market participants told Argus over the past week.

Italy has reached a preliminary agreement with the European Commission that allows it to set a temporary cap on the price of natural gas used for power generation, as part of moves to lower energy ...