Cuba Suffers 4th Nationwide Blackout in Less Than a Month
Cuba was hit by its fourth island-wide blackout in less than a month.
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Crude Sinks as Tensions Ease
Oil prices fell sharply as renewed optimism over Strait of Hormuz negotiations eased fears of prolonged supply disruptions.
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Dominion Energy Sees YoY Increase in Adjusted Profit
The increase was driven by the power and gas utility's Virginia business.
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Pembina Posts Higher Profit
The North American midstream company reported CAD 415 million in net income adjusted for nonrecurring items for the second quarter, up year-on-year.
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Q3 Is Set for Extreme Volatility, Oil Analysts Warn
The near-term outlook is 'highly uncertain', BMI analysts said.
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API Opposes Senate Biofuels Legislation
The API said it opposes new Senate biofuels legislation that would expand sales of higher-ethanol gasoline and give exemptions from annual blending mandates for some small oil refineries.
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BP Completes Sale of German Refinery to Klesch
'The transaction supports BP's continued focus on disciplined capital allocation and is also expected to lower underlying operating expenditure by around $1 billion'.
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OPEC+ 7 Decide to Boost Production Quota
'Seven OPEC+ countries ... met virtually on 2 August 2026, to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
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TotalEnergies to Acquire Shell's Onshore RE Assets in Europe
Concurrently TotalEnergies agreed to sell a 50 percent stake in a 1.2-GW 'largely developed' portfolio of onshore solar and wind projects in Europe to KKR.
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Analysts Look at Latest Oil Price Moves
'Daily price movements are likely to remain sensitive to political rhetoric and developments', Carole Nakhle, Chief Executive Officer of Crystol Energy, told Rigzone.