More: Energy
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...
GE, Siemens in Talks to Supply Turbines for Syria Power Rebuild
U.S. energy firm GE Vernova (GEV.N) and Germany’s Siemens Energy (ENR1n.DE) are in discussions to supply gas turbines for a $7 billion reconstruction project...
Massive Corruption Scandal Rocks Ukrainian Energy Sector
Ukraine's anti-corruption bureau announced a significant investigation into the energy sector, focusing on allegations of kickbacks linked to the state nuclear power operator, Energoatom....
Bulgaria Moves to Secure Lukoil Refinery Ahead of Takeover
Bulgarian authorities, led by Prime Minister Rosen Zhelyazkov, are inspecting and enhancing security at Lukoil's Burgas oil refinery to safeguard crucial infrastructure as the...
Lukoil’s Fire Sale of European Refineries Hits EU Supply Chains
The latest wave of U.S. sanctions against Russia's energy sector is reshaping global oil flows, but it's Europe's refiners and consumers who are bearing...
Hungary Secures US Exemption from Russia Sanctions After Orbán’s Visit
The United States has given Hungary a one-year exemption from sanctions that target Russian oil and gas, following a meeting between Hungarian Prime Minister...