News & Map

IEA downgrades outlook on global oil demand growth, projects decline by 2.7 mbd in 2026

According to the International Energy Agency, oil consumption growth will move into positive territory starting around M...

Industry urges nuclear recognition in COP31's 35-by-35 pledge

The role that nuclear can play in achieving the COP31 summit's pledge to increase electricity to 35% of energy demand by...

UK Pushes to Shield Poorer Households From Gas Bill Overhaul

Officials in the UK Department for Energy and Net Zero are pushing to speed up a project to identify households most in ...

Iran Says Gas Tanker Hit Mine in Strait of Hormuz

A tanker carrying liquefied gas hit a mine and suffered an explosion on Friday while attempting to transit the Strait of...

Iran Says Gas Tanker Hit Mine in Strait of Hormuz

A tanker carrying liquefied gas hit a mine and suffered an explosion on Friday while attempting to transit the Strait of...

Big Oil’s War-Fueled Profits Revive Calls for Windfall Taxes

The five supermajors are on track for their second-most profitable year ever.

Nvidia Spy Scandal Threatens the Gulf’s AI Ambitions

Politics, Geopolitics & Conflict A car bomb killed the chief navigator of Russia’s St. Petersburg-based 6th Guards Air a...

Why Falling Oil Prices Won't Save America From Inflation

Don’t look to falling oil prices to stave off inflation now. Brent is down from above $100 to the low $90s; Saudi Arabia...

WTI Stages Sharp Comeback as Middle East Supply Risks Intensify

December WTI crude oil futures are lower for the week, but the market has recovered a good portion of its early loss. Th...

Russian oil exports up to 6.82 mbd in October, revenues up to $21.15 bln

Revenues from exports increased by $3.61 bln month-on-month to $21.15 bln due to growth of oil prices

Commonwealth Fusion’s CEO sees UAE primed for new energy tech

Abu Dhabi has backed the US firm that plans to switch on its prototype fusion machine next year.

Seoul keeps fuel price caps unchanged amid Mideast tensions

The South Korean government on Friday kept its price caps on fuel products unchanged for a fifth consecutive period amid...

Russia Oil Revenues Hit Five-Month High on Crude Rally, IEA Says

Russia’s October revenues from crude and petroleum-product exports hit the highest since May as the ongoing Iran war bol...

Hungary’s MOL seeks EU funding as CEO warns Russian oil phase-out could trigger social unrest

MOL says it could phase out Russian oil imports by the end of 2027, but CEO György Bacsa warns that higher energy costs ...

Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus

Russia’s crude output rose to 8.73 million barrels a day in October as recovering Gulf exports pushed global supply abov...

Orkney Islands’ first link to UK mainland nears offshore installation

Nexans has completed the factory acceptance test (FAT) of the 220 kV subsea cable that will connect the Orkney Islands t...

Russia ranks second after US in terms of value of LNG supplies to EU in September

The European Union purchased around 498 mln euros worth of LNG from Russia

Security Council LIVE: Fragile Gulf calm tested as threats to Hormuz shipping mount

Nearly nine months after Israeli and US strikes on Iran set off a regional war, the Gulf remains on a knife edge. Iran h...

EU paid largest amount for US LNG in September since fall 2022

In September 2026, the EU imported the US LNG valued at 4.25 bln euro in total

EU’s purchases of Russian pipeline gas, LNG rise 9% in nine months

In September, EU countries paid 498 mln euro for LNG from Russia

Malaysia extends residential solar rebates for approved applicants

Malaysia's residential solar rebate scheme has MYS 90 million ($22.1 million) remaining. Approved applicants will now be...

Asian Refiners Turn Back to Gulf Oil Despite War Risks

Asia’s refiners are back to buying Middle Eastern oil as flows through the Strait of Hormuz rise, freight rates ease fro...

Asian Refiners Turn Back to Gulf Oil Despite War Risks

Asia’s refiners are back to buying Middle Eastern oil as flows through the Strait of Hormuz rise, freight rates ease fro...

EU paid highest sum for Russian pipeline gas since 2025 year start

The TurkStream gas pipeline remains at present the only active route of Russian pipeline gas supplies to Europe

Russia ranks third in terms of share of total value of gas imports to EU in nine months

The US took first place with its LNG supplies, accounting for 30.5% and 23.3 bln euros, followed by Norway with 20.7% an...

European diesel prices stay high as global oil supply overtakes demand, IEA says

European diesel prices are still 77% above pre-war levels, the IEA said on Friday. Global oil supplies are expected to e...

Dark clouds gather over Germany’s solar sector

Solar module prices are stagnating, while battery energy storage system prices are expected to rise for the first time. ...

China to encourage investment in Turkish renewable energy with $15bn solar and wind deal

Türkiye wants to sharply expand solar and wind power by 2040 and is seeking foreign investment to fund the work.

No nuclear monitoring while threat of attacks persists: Iran tells UN agency

How a new ‘green energy corridor’ from the Caspian Sea could help Eastern Europe kick fossil fuels

The partnership signed at the COP31 climate summit aims to transform Azerbaijan into an interregional electricity hub.

Seaway7 kicks off cable installation work at Ørsted's Hornsea 3 offshore wind farm

Seaway7 has begun installing inter-array cables at Ørsted's Hornsea 3 offshore wind farm site in the UK. The company wil...

Iran threatens unlimited response over Strait of Hormuz after US attack

Iran’s Islamic Revolutionary Guard Corps says it destroyed a US early-warning radar in Bahrain.

ExxonMobil sues EU over rules forcing oil giants to invest in carbon storage

US oil giant ExxonMobil is challenging EU rules requiring fossil fuel producers to help fund carbon storage infrastructu...

Centrus, Oklo deal secures fuel for Ohio reactor deployment

Centrus and Oklo have finalised agreements securing fuel to power up to five Aurora powerhouses for multiple years at a ...

Strength and leak tests completed for Akkuyu 1 containment

The air pressure was increased during pre-launch tests, which lasted eight days, to check the strength and leak tightnes...

Three bidders in the run for seismic surveys offshore Greece

Three companies have submitted bids to perform the acquisition and processing of non-exclusive seismic data offshore Gre...

India Seeks Private Investors for $910 Million Oil Reserve

India is looking for private investors to build and operate the nation’s largest strategic petroleum reserve site, which...

India Seeks Private Investors for $910 Million Oil Reserve

India is looking for private investors to build and operate the nation’s largest strategic petroleum reserve site, which...

Venezuela: mayoría sufre cortes de electricidad casi a diario

Años de falta de inversión y mantenimiento pesan sobre la red eléctrica de Venezuela.

More Than Half of Venezuelans Are Facing Near-Daily Blackouts

A majority of Venezuelans are suffering power outages every day or nearly every day, underscoring the severity of the co...