ExxonMobil Weighs Exit from European Chemical Plants
Background
Europe’s chemical industry has been under heavy strain since the 2022 energy crisis. U.S. tariffs and rising competition from cheaper Chinese imports have made...
OPEC+ To Discuss Further Oil Output Hike to Regain Market Share
Background
OPEC+, the coalition of the Organization of the Petroleum Exporting Countries and allies including Russia, has long used production cuts to stabilize oil markets....
Putin Pushes Siberia 2 Pipeline, Promises China Cheaper Gas
NEWS BRIEF
Russian President Vladimir Putin said the Power of Siberia 2 gas pipeline will supply China with over 100 bcm of gas annually, priced...
Russia signs up to vast new China pipeline but price unclear
BackgroundRussia and China have deepened their energy partnership since Western sanctions hit Moscow over the Ukraine war. The Power of Siberia 2 pipeline has...
Syria Exports Crude Oil for First Time in Over a Decade
TARTUS, Syria, Sept 1- Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal...
Ukrainian Drone Attacks Push Russia’s Oil Refining Shutdowns to Record Levels
MOSCOW, Aug 28 - Ukraine's drone attacks and planned maintenance have led to Russia's offline oil refining capacity reaching a record high in August,...
Pipelines and Politics: Energy Bargains Surface in U.S.-Russia Peace Push
Background
Since the invasion of Ukraine in February 2022, Russia’s energy sector has faced numerous international financial attacks and has been cut off from Western...
Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil
KUWAIT, Aug 7 (Reuters) - Kuwait's Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and...
India Alleges Western Hypocrisy in Russian Oil Trade
NEW DELHI, Aug 5 (Reuters) - India has sharply criticised the United States and the European Union, saying it is being unfairly singled out...
OPEC+ agrees in principle another large oil output hike, sources say
LONDON, Aug 3 (Reuters) - OPEC+ agreed in principle to boost oil output by 548,000 barrels per day in September, two OPEC+ sources said...