More: Energy
Ukraine Hits Russian Power Station in Moscow Region
Ukraine targeted a heat and power station in the Moscow region with drones on Sunday, causing a significant fire and leaving thousands without heating....
Iran’s Energy Crisis and Tehran’s Strategic Turn to Russia and China
Following a summer of widespread blackouts and record heat, and in the wake of June military strikes by Israel and the U.S. on its...
Aramco Inks Massive $30 Billion-Plus in Preliminary US Deals
Saudi Aramco announced on Wednesday that it has signed 17 preliminary deals with U. S. companies, valued at over $30 billion, during the Saudi...
Serbia’s Russian-Owned Oil Giant Seeks U.S. Lifeline
Serbia's Russian-owned oil company NIS has sought a special license from the U. S. Treasury’s Office of Foreign Assets Control (OFAC) to continue operations...
The Lukoil Question: A Guide to Its Global Assets and Potential Buyers
Russia's Lukoil is disposing of its international assets following U.S. sanctions. The sale to Swiss trader Gunvor was rejected, prompting a rush for alternative...
Attack on Russian Port Knocks 2% of Global Oil Supply Offline
Russia's Black Sea port of Novorossiysk has temporarily halted oil exports, which amount to 2.2 million barrels per day or 2% of global supply,...
Carlyle in Talks to Acquire Lukoil’s Foreign Assets
U. S. private equity firm Carlyle is considering buying foreign assets from Russian oil company Lukoil, which has been sanctioned by the U. S....
In Response to Drone Attacks, Russia Activates Reserve Oil Capacity
Russia's oil processing has only decreased by 3% this year despite significant drone attacks from Ukraine. These attacks have targeted oil refineries, depots, and...
IEA Warns of Growing Global Oil Surplus as Supply Outpaces Demand
The International Energy Agency (IEA) has revised its forecasts for global oil supply upward, signaling that the world is heading toward a larger market...
Australia’s COP31 Bid Stalls: Green Energy Ambitions and Pacific Ties at Risk
Australia, long considered the front-runner to host COP31, now faces a serious challenge from Turkey, which is pressing its rival bid. Hosting the UN...