Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On August 25, 2025, the Monday before Labor Day weekend, the retail price of regular gasoline averaged $3.15 per gallon (gal) across the United States, 5% (or 17 cents/gal) lower than at the same time last year. The cost of crude oil typically accounts for a little […]
DET stated in a press release on Thursday that this was preceded by several weeks of test operations, which included a series of functional and performance tests. The terminal had already received its approval under hazardous incident regulations from the Oldenburg Trade Supervisory Authority (GAA) on August 1 without any objections, the state-owned firm said. […]
Ministry of Ports, Shipping and Waterways India has unveiled a $1trn investment plan to drive growth across ports, shipping and logistics, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said at an ambassadors’ conclave in Delhi on Wednesday. The roundtable, attended by representatives from 28 nations and industry stakeholders, was organised as a lead-up […]
AsiaShipyards HMD HMD HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of the HD Hyundai shipbuilding empire, has provided more details of the decision to merge its two flagship yards. Splash reported yesterday on the news that HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD), both based in Ulsan, will […]
In a revelation that has sent shockwaves through the global energy sector and international diplomacy, Russian seismic surveys have uncovered potential oil and gas reserves estimated at a staggering 511 billion barrels in the icy depths of Antarctica. This figure dwarfs Saudi Arabia’s proven reserves by nearly double and exceeds the North Sea’s total output […]
In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with full idling expected by the fourth quarter. This closure, affecting a facility that employs around 600 workers and 300 contractors, […]
ENB Pub Note: Doug Sheridan on LinkedIn again hits it out of the park. The IRA has done more harm to the US economy than most people realize, and it was a wealth realignment tool that was taken advantage of by the rich to get really rich. The secondary effect, we are now seeing in […]
In a stunning blow to global climate finance efforts, the Net-Zero Banking Alliance (NZBA)—the world’s largest climate coalition for financial institutions—has suspended its operations and is now polling remaining members on whether to dismantle its membership structure entirely. This development, announced on August 27, 2025, follows a mass exodus of major banks from Wall Street […]
In the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict’s economic warfare. The attacks targeted the Kuibyshev refinery in Samara Oblast and the Afipsky refinery in Krasnodar Krai, with reports also indicating hits on the nearby Novokuibyshevsk […]
In a significant development for the European automotive and energy sectors, leading carmakers have declared that the European Union’s ambitious plan to ban combustion engine vehicles by 2035 is no longer realistic. This warning comes amid mounting challenges, including sluggish electric vehicle (EV) adoption, geopolitical tensions, and economic pressures that threaten the region’s auto industry […]
