Keywords: Energy market


Morocco fuel prices rise by one dirham per litre as upward trend resumes

Motorists in Morocco are facing another increase in fuel prices after distributors raised the cost of both diesel and gasoline by one dirham per litre, reinforcing an upward trend that began in mid-July following several weeks of declining prices. The latest adjustment took effect late on August 2,......

Drax first-half profit falls 39% as lower UK electricity prices weigh on earnings

Drax Group posted a significant decline in first-half earnings as lower wholesale electricity prices reduced returns from its biomass power generation business. The British energy company reported adjusted core profit of £279 million for the six months ending 30 June, down 39% from £460......

HF Sinclair beats market expectations as stronger refining margins boost quarterly results

U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......

Russia faces ongoing fuel shortages as Siberian regions struggle with supply disruptions

Several regions in Russia continue to face fuel supply difficulties, with the situation particularly challenging in parts of Siberia, according to Deputy Prime Minister Alexander Novak, as authorities work to stabilize the domestic energy market. Russian news agencies cited Novak as saying on Saturday......

Egypt negotiates multi-year LNG supply agreements as energy demand rises

Egypt is negotiating long-term liquefied natural gas (LNG) supply agreements with major international energy companies as the country seeks to secure additional fuel supplies amid rising domestic demand and tighter global gas markets. Sources familiar with the discussions said Egypt is looking to purchase......

Halliburton boosts second-quarter profit as international demand offsets Middle East slowdown

The company said growth across key overseas markets, particularly in Latin America, Europe, and Africa, provided a significant boost to its performance during the quarter. Demand for Halliburton’s equipment and energy-related services remained resilient in these regions, compensating for a slowdown......

Oil prices climb as renewed Strait of Hormuz disruptions fuel supply concerns

Global oil prices moved higher on Friday as renewed disruptions to shipping through the Strait of Hormuz intensified concerns over energy supplies, while escalating tensions between the United States and Iran added further uncertainty to international markets. Brent crude futures rose above $85 per......

US strategic petroleum reserve falls to lowest level since 1983

The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level since 1983, according to the latest figures released by the U.S. Energy Information Administration (EIA). The drop reflects a reduction of nearly three million barrels, leaving the emergency stockpile at approximately......

France sets new electricity export record in first half of 2026

France has recorded its highest-ever electricity exports for the first six months of a year, reinforcing its position as one of Europe's leading suppliers of low-carbon power and highlighting the competitiveness of its electricity generation fleet. According to figures released by RTE, the country's......