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BP’s Azerbaijani Oil Field Could Be a Game-Changer for Baku

BP’s Azerbaijani Oil Field Could Be a Game-Changer for Baku

BP's new oil production facility in Azerbaijan's Azeri-Chirag-Gunashli oil field promises to boost the country's earnings and help meet its gas supply commitments.

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U.S. Continues to Tighten Grip on Russia's Military and Industrial Sectors

The U.S. Treasury and State Departments have imposed new sanctions on hundreds of companies and individuals connected to Russia's weapons development program, aiming to degrade its ability to sustain its war efforts in Ukraine.

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Belgium's Ports Are Brimming With Unsold Chinese EVs

Le Monde reports Belgium’s ports drowning under glut of Chinese electric cars: ‘Some are parked here for a year, sometimes more’

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Biden Administration Bans Fossil Fuels in Federal Buildings

The Biden administration has finalized a rule banning the use of fossil fuels in new and renovated federal buildings, aiming to achieve net-zero emissions by 2045.

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Russia’s Oil Revenues Doubled in April Compared to a Year Earlier

Russia’s oil and gas revenues climbed to $13.5 billion in April, nearly double the amount from a year earlier.

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Oil Demand Likely To Surprise To The Upside

Commodity analysts at Standard Chartered have argued that the demand pessimism is overblown, and that there appears to be a systemic downwards bias in the weekly estimates of U.S. fuel demand

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U.S. Accuses Russia of Breaking U.N. Sanctions on Fuel Shipped to North Korea

The United States says Russia is violating UN-imposed limits on total shipments of fuels to North Korea

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