Energy & Petroleum News Today

The global shaped catalyst pellets market is forecast to grow at a 3-5% CAGR through 2035, driven by rising refining demand, petrochemical expansion, and strict environmental regulations.

KETRACO has switched on a new 86.4-kilometre, 132kV transmission line linking Nanyuki and Rumuruti. Costing Ksh2.5 billion, the project aims to improve power reliability and support regional investments.

KETRACO has energised the 86.4-kilometre, 132kV Nanyuki-Rumuruti power line in Kenya, boosting electricity supply, reducing technical losses, and supporting regional economic activities with funding from international banks.

European diesel prices dropped sharply following reports that the bloc is considering releasing 50 million barrels of fuel reserves under pressure from the Trump administration.

European diesel refining margins dropped about 7% on Thursday due to discussions among European countries regarding the release of emergency diesel reserves.

The EU is considering releasing strategic oil reserves to manage soaring prices amid mounting pressure from the US, which threatens an export ban on diesel.

The U.S. urged European nations to immediately release diesel reserves to ease record prices and supply disruptions caused by the Iran conflict, protecting American businesses from bearing the burden.

President Donald Trump announced that Europe has immediately agreed to release a massive amount of diesel from its fuel inventories to boost supplies.

Oil prices fell below $90 per barrel as Middle East supply concerns eased following the resumption of tanker loadings at Saudi Arabia's Yanbu terminal and the restoration of pipeline operations.

Russia is basing its oil output forecast for the year 2027 on a moderately conservative scenario, according to Deputy Prime Minister Alexander Novak.