Oil and Gas
Ukrainian drones stage new attack on major Russian petrochemical complex
Ukrainian Army soldiers prepare LELEKA 100 military intelligence drone for flight in the direction of Chasiv Yar, Donetsk Oblast in Ukraine, June 10, 2024. Jose Colon | Anadolu | Getty Images Ukrainian drones attacked one of Russia’s largest petrochemical complexes, Salavat in the southern Bashkortostan region, for the second time in less than a week, […]
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Saudi defense pact with Pakistan unlikely to disrupt oil flows to India, source says
An oil tanker delivers at the oil terminal in the harbor on Oct. 10, 2016, in Kochi, India. Kaveh Kazemi | Getty Images News | Getty Images Saudi Arabia’s new mutual defense pact with Pakistan is unlikely to alter Riyadh’s energy relationship with key consumer India, a source told CNBC. Asked whether India would continue […]
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Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices
Witthaya Prasongsin | Moment | Getty Images President Donald Trump’s attack on solar and wind projects threatens to raise energy prices for consumers and undermine a stretched electric grid that’s already straining to meet rapidly growing demand, renewable energy executives warn. Trump has long said wind power turbines are unattractive and endanger birds, and that […]
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India, Russia vow to deepen trade ties, defying Trump’s tariff threats over oil
TOPSHOT – Russia’s Foreign Minister Sergey Lavrov (R) and India’s Foreign Minister Subrahmanyam Jaishankar enter a hall for their talks at Zinaida Morozova’s Mansion in Moscow on August 21, 2025. Alexander Zemlianichenko | Afp | Getty Images India and Russia agreed Thursday to expand bilateral trade ties, signaling that U.S. tariff pressure on New Delhi […]
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Trump advisor Peter Navarro slams India’s ‘opportunistic’ purchases of Russian crude
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation. Himanshu Sharma | Afp | Getty Images U.S. President Donald Trump’s trade advisor Peter Navarro on Monday […]
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Energy supermajors are betting big on LNG, shrugging off peak gas predictions
Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG […]
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Trump says no imminent plans to penalize China for buying Russian oil
U.S. President Donald Trump gestures as he holds a press conference with Russian President Vladimir Puting following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. Jeenah Moon | Reuters U.S. President Donald Trump said on Friday he did not immediately need […]
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Power cuts and blackouts: Why can’t Iraq keep the lights on?
Iraq was plunged into a nationwide blackout earlier this week, as a temperature surge to 122 degrees Fahrenheit (50° Celcius) — and subsequent spiking demand for electricity — pushed the country’s faltering power grid to the breaking point. For a country that has seen as much conflict and instability as Iraq, this could come as […]
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Why a landmark ruling from the world’s top court puts financial markets on notice
Vanuatu’s Climate Change Minister Ralph Regenvanu (C) delivers a speech as he attends a demonstration ahead of the International Court of Justice (ICJ) session tasked with issuing the first Advisory Opinion (AO) on States’ legal obligations to address climate change, in The Hague on July 23, 2025. John Thys | Afp | Getty Images Gripped […]
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Why India is in Trump’s crosshairs when crude is not even sanctioned
Technicians stand next to an oil rig which is manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. Amit Dave | Reuters U.S. President Donald Trump added […]
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