Four projects were planned offshore…
Azerbaijan has benefited from the…
The world's economic myths, especially…
Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other producers amid self-sanctioning,…
While $100 oil incentivizes increased production in Canada’s crude-producing province of Alberta, the ramp-up of production is being held back by an issue all too familiar to the U.S. shale…
The government of Kuwait resigned on Tuesday as the political impasse in one of the largest OPEC producers deepened ahead of a vote of no-confidence in Parliament. Kuwait's Prime Minister…
The crown jewel of energy production, nuclear fusion using a projectile, may have been cracked in a major scientific breakthrough by a start-up in Oxford. First Light Fusion (FLF) was…
Turning down the thermostat by just one or two degrees Celsius could save some 10 percent of the energy that the EU imports from Russia, the Financial Times reported…
Canada will spend some $1.6 billion (C$2 billion) on building a battery mineral supply chain, Reuters has reported, citing two sources from the federal government in Ottawa. Nickel, lithium,…
Drivers in the UK have been queuing for fuel in recent hours after several days of climate protests culminated on Monday with a blockade of an oil facility near Heathrow…
The European Union condemned on Monday the killing of unarmed civilians by Russian forces while retreating from Ukrainian towns and vowed a new wave of severe sanctions would follow against…
Gold markets have stabilized following three weeks of decline, recording an uptick of 0.36 percent despite upcoming interest rate hikes being priced into the market. Prices…
The Automotive Monthly Metals Index (MMI) increased by 8.1%, as palladium prices surged in the early part of the month and renewed COVID-related restrictions in China…
The U.S. East Coast is currently seeing record high jet fuel prices as the global market of distillates is exceptionally tight after the Russian invasion of Ukraine and the return…
The Intergovernmental Panel on Climate Change (IPCC) has delayed the release and presentation of the latest report on how policymakers could act to slow global warming as nations continued to…
Halting Russian oil and gas supplies to Germany would plunge Europe's largest economy into recession, German banks have warned. According to a Reuters report, the BDB industry body expects…
The three Baltic states—Lithuania, Latvia, and Estonia—have suspended all purchases of Russian gas, government officials said. For now, the needs of the three tiny nations will be satisfied from storage…
Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for…
Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of…
Cargoes of Russia’s ESPO crude loading in May have been offered to China for payments in yuan, as the world’s top crude importer continues to purchase Russian oil but is…
The United Kingdom is set to join the United States in the latest round of releases from strategic petroleum reserves as the Western allies and the International Energy Agency (IEA)…
The number of fuel-stressed households in the UK doubled with the start of this month as the energy market regulator of the country lifted the cap on energy prices. Per…
Venezuela is reportedly looking for oil tankers in anticipation of sanction relief from Washington. Reuters cited three unnamed sources and a document as saying the state-owned oil company PDVSA…