Energy chaos in Mideast: Major oil and gas sites shut after strikes
Saudi Arabia closed its largest oil refinery, the Ras Tanura, on Monday due to a drone strike amid rising tensions in the Middle East...
Oil Surges 10% as Iran Conflict Intensifies; Analysts Warn of $100 a Barrel
Brent crude oil prices surged by 10% to around $80 a barrel following U. S. and Israeli strikes on Iran, which analysts suggest may...
The Oil Shock Begins: Traders Flee Hormuz Following US Strikes
Tanker owners, oil majors, and trading houses have halted shipments of crude oil, fuel, and liquefied natural gas through the Strait of Hormuz following...
US slows Lukoil Asset Sale to Gain Leverage in Ukraine Negotiations
The United States is delaying the sale of Lukoil's international assets to increase pressure on Russia during peace talks about Ukraine, as reported by...
Kim Jong Un Pledges Nuclear Expansion as North Korea Congress Ends
Kim Jong Un vowed to expand North Korea’s nuclear arsenal and strengthen its capabilities, according to state media KCNA. Speaking at the conclusion of...
How Akhmetov and SCM Are Strengthening Europe’s Energy Security After the EU Ban on Russian Imports
The European Parliament and Council reached an agreement to fully terminate Russian gas imports. The deal sets December 31, 2026 as the deadline for...
EU to propose permanent ban on Russian oil after Hungarian elections
The European Commission plans to submit a legal proposal on April 15 to permanently ban Russian oil imports. This timing, just after Hungary's parliamentary...
Hungary blocks €90 billion EU loan for Ukraine amid Russian oil transit dispute
Hungary’s foreign minister announced that Hungary will block a 90-billion-euro EU loan for Ukraine until Ukraine resumes oil shipments through the Druzhba pipeline. Oil...
Indonesia Secures 19% U.S. Tariff Deal
Indonesia and the United States have finalized a trade agreement that reduces U.S. tariffs on Indonesian goods to 19% from 32%, marking a significant...
Hungary threatens to cut power, gas exports to Ukraine in Russian oil dispute
Hungary is considering halting power and gas exports to Ukraine if Ukraine does not resume Russian oil shipments through the Druzhba pipeline. This statement...