Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with fourth-quarter profits plunging and the return of President Donald Trump adding to the uncertainty. The five global oil majors are set to […]
Continue ReadingEarth has existed for more than 4 billion years without present-day humans. In the past, dinosaurs and cavemen never used its plentiful natural resources. Today, with 8 billion humans on this planet, the few wealthy countries are extracting natural resources at alarming rates, and they are NOT being replenished. Crude oil consumption is more than 35 […]
Continue ReadingUkraine early on Tuesday hit with drones an oil refinery near Nizhny Novgorod in western Russia, the General Staff of the Armed Forces of Ukraine said, announcing a second hit at a Russian oil refinery in less than a week. Units of Ukraine’s defense intelligence, in cooperation with other components of the defense forces, struck on […]
Continue ReadingBRUSSELS – Hungary removed its veto on the EU\’s six-month extension of Russia sanctions on Monday, but it may not be its last standoff. The deal was struck after the EU agreed to issue a joint, non-binding statement by top diplomat Kaja Kallas and the European Commission to support Hungary\’s energy security at Monday\’s […]
Continue ReadingNew Delhi’s role as a counterweight to China solidifies its status as Washington’s’ key partner in South Asia, outweighing short-term concerns over Russian oil revenues The year 2025 had barely started when the outgoing Joe Biden administration presented a belated \’holiday gift\’ to Russian oil exporters. Washington announced a new sanctions package – the “most […]
Continue ReadingIndia has been granted permission to unload sanctioned Russian oil at its ports until February 27. The US sanctions have disrupted India\’s access to cheap Russian oil, and Indian refiners are scrambling for alternative supplies. India will continue to buy Russian oil only if it meets certain conditions, including a price cap of $60 per […]
Continue ReadingEmmanuel Johnson sees Abuja’s partnership with the group as a way to boost economic growth and geopolitical influence Nigeria’s recent accession to BRICS as a partner state is a major step towards economic revival and reducing Western influence, Emmanuel Chukwuka Johnson, chairman of the Nigeria-Russia trade and investment advisory council, has told RT in […]
Continue ReadingSan Marino, Guyana, Sierra Leone, Comoro Islands, Guinea Bissau and most notably Guinea are the flag states that stand out for their extraordinary fleet growth in the latest data compiled in Clarksons Research’s World Fleet Monitor, statistics that highlight the whack-a-mole game authorities in the West are having to fight in their bid to crack […]
Continue ReadingIn an exclusive interview with Energy Capital & Power, Pedro Ribeiro, Managing Director and Country Chair – Libya for TotalEnergies, shared the company\’s strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin. With TotalEnergies participating in approximately half of Libya’s national production, how do […]
Continue ReadingMore than seven in 10 Scots back drilling in the North Sea to reduce the country’s reliance on foreign imports, a survey has found. The poll, carried out by Survation on behalf of consultancy firm True North, found people in Scotland would rather their energy needs be met domestically than from abroad. The UK has become increasingly reliant on […]
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