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Europe Turns to Canadian LNG as Gulf and Russian Gas Risks Deepen
A number of European energy utilities have expressed interest in buying the future output of the Ksi Lisims LNG project, which will be Canada’s second export facility for liquefied gas. The Ksi Lisims ...
Sanctioned Russian Diesel Tanker Fails to Reach Cuba
A Russian tanker carrying 270,000 barrels of diesel fuel, which is under US and EU sanctions, spent weeks trying to reach crisis-hit Cuba, which is also under US sanctions, as well as amid what's esse ...
China’s Return to the Energy Market Could Become the Next Global Price Shock
For months, China’s reduced appetite for oil and LNG imports has helped ease some of the pressure on already-strained global energy markets. But Beijing’s current strategy appears less about weakening ...
Tokyo Reverses Crisis-Era Benchmark Shift as Dubai-Brent Spread Narrows
Japan’s industry ministry will officially switch the benchmark for calculating gasoline price subsidies back to Dubai crude prices from Brent crude, effective June 4, after Dubai crude prices stabiliz ...
Russia Braces For Diesel Export Ban After Ukraine Attacks Refineries
The Russian government has reached the final stages of implementing a comprehensive ban on diesel and aviation fuel (kerosene) exports following a devastating wave of Ukrainian long-range drone strike ...
Mozambique Contests TotalEnergies' $2 Billion Cost from LNG Project Delay
The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with ...
China's CNOOC Starts Production at Bohai Sea Oilfield
China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south Bohai Sea. The K ...
Oil Prices Fall as Traders Bet on U.S.-Iran Deal
Oil prices dropped by 2% early on Wednesday as hopes of a U.S.-Iran deal outweighed concerns about rapidly drawing inventories amid the still closed Strait of Hormuz and fresh U.S.-Iran hostilities. A ...
Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow
A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to Arctic oil drilling even as the bloc faces physical oil shortages in weeks, accor ...
IEA: Global Electric Car Sales Topped 20 Million In 2025
Over the past five or so years, the global electric vehicle (EV) market has been rapidly transforming from a niche segment into a mainstream industry thanks to plunging battery costs, aggressive emiss ...
NATO Warns Russia’s Hybrid War Is Targeting Europe’s Energy Grid
While many may be focusing on the transfer of nuclear weapons from Russia to Belarus on NATO’s northeastern Baltic States border, the bloc's security apparatus is at least as concerned about imminent ...
Hormuz Shutdown Sends Capital Flooding Back Into Renewables
Concerns about energy security and the push in many countries to boost electrification to replace road transportation fuels are making clean energy investments hot again. As the Middle East crisis and ...