India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern […]
Western nations warned the shipping industry at the weekend of increased risks to vessels transiting the Strait of Hormuz in the Middle East. “As of now, the timeline remains at 72 hours” from Saturday, maritime […]
Europe’s industrial gas consumers reversed some of their production curtailments in the second quarter of this year, but a significant recovery in industrial demand seems unlikely in the second half of the year as winter […]
Due to climate imperatives, energy security challenges and geopolitical threats, the deployment of renewable energy capacity must be accelerated substantially over the coming years. Across the Asia-Pacific region, offshore wind power can play a large […]
Russia is said to have stopped funding the Wagner Group of mercenaries after its attempted mutiny in June. For years, Russia had denied the existence of the group, let alone associated itself with it. That’s […]
(Kitco News) – The gold market could see new bullish momentum as the world could see a new type of gold standard. Friday, according to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China […]
Oil prices slid on Monday morning, with Brent falling below $86 per barrel and WTI trading at $82.31. China’s economic woes combined with a strong U.S. dollar are weighing on oil prices. OPEC+ production cuts […]
It was a bad week for anyone who thought China would cooperate on emissions reduction. President Xi Jinping reiterated that his country would set its own path on the issue and not be influenced by […]
Russia’s largest independent gas producer Novatek has successfully delivered the first train of its flagship Arctic LNG 2 project on the western shore of the Gydan Peninsula in West Siberia, which is slated to start […]
Data source: Standard International Trade Classification data published by the U.S. Census Bureau Note: Prices are adjusted for inflation. In 2022, the value of energy trade between the United States and Canada surpassed the previous 2008 record […]
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