EnergyStrategy

Glencore Increases Middle East Oil Purchasing for Singapore's Bukom Plant

4 days ago

In a strategic move aimed at bolstering its operations, Glencore, the global commodity trading and mining company, has significantly ramped up its oil procurement from Middle Eastern sources for its Bukom oil refinery located in Singapore. This increase in buying activity reflects Glencore's efforts to enhance its supply chain resilience amid fluctuating global oil prices and shifting market dynamics.

Japan's Nuclear Power Revival Faces Workforce Crisis Amid Renewed Energy Focus

2 months ago

Japan's ambitious plan to revive its nuclear power sector is increasingly threatened by a severe shortage of skilled workers. Following the catastrophic Fukushima disaster in 2011, the country's energy policies shifted dramatically, leading to a prolonged shutdown of all nuclear reactors. As Japan now seeks to reinstate nuclear power as a cornerstone of its energy strategy in the wake of escalating climate concerns and global energy challenges, the lack of qualified personnel poses a significant hurdle.

German Industrial Giants Shift Focus to U.S. Energy Investments

2 months ago

In a significant shift in strategy, several major German energy-intensive companies are beginning to invest heavily in the United States, a trend fueled by a combination of favorable market conditions and the ongoing energy crisis in Europe. Companies such as steel producers and chemical manufacturers are looking across the Atlantic, lured by lower energy costs and a more stable regulatory environment.

Asian Oil Refiners Grapple With Expensive Saudi Crude Amid Profit Concerns and Rising Iranian Supply Risks

3 months ago

In a scenario that reflects the complexities of the global oil market, Asian refiners are expressing growing concerns over escalating costs for Saudi crude. The surge in prices has precipitated a decline in profit margins, simultaneously casting a shadow over the industry's investments and future operations. At the same time, the increased risk of growing Iranian oil supplies challenges the established market dynamics.