More: Energy
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...
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...
Russia launches massive strikes on Ukraine power grid, targeting energy infrastructure
Russia launched strikes on Ukraine, using drones, ballistic, and cruise missiles, targeting energy infrastructure and causing at least one death, according to Ukrainian officials....
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...
The Venezuelan oil rush is on. Now comes the hard part
In September, the drilling rig named Alula arrived in Venezuela’s Lake Maracaibo after traveling from China. This was significant because it was the first...
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...
Turkey declares Greek-Chevron exploration in Eastern Med ‘illegal’
Turkey expressed opposition on Thursday to Greece's "unilateral activities" in energy exploration south of Crete, led by a consortium including U. S. company Chevron....
Offshore Exploration South of Crete: Greece Moves from Hesitation to Strategic Discipline
The recent activation of offshore exploration in the two deep-water areas south of Crete, as well as in the southern Ionian Sea, marks a...