Eight OPEC+ nations submit revised plans after breaching production limits.
OPEC announced on Wednesday that it has received revised oil output compensation plans from eight member countries that have surpassed their voluntary production limits under the OPEC+ agreement. These countries include Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman.
Britain said on Thursday that around 40 countries are exploring ways to reopen the Strait of Hormuz, a vital oil shipping route effectively blocked...
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile ...
American President Donald Trump threatened on Wednesday to pull the United States out of NATO after European nations refused to join a U.S.-led nav...
Former Kyrgyz MP Shairbek Tashiev has been detained in a corruption investigation linked to state oil firm Kyrgyzneftegaz, as the case expands to i...
France has unveiled a delayed wave of renewable energy tenders to boost energy independence and strengthen domestic and European industry....
Britain said on Thursday that around 40 countries are exploring ways to reopen the Strait of Hormuz, a vital oil shipping route effectively blocked by Iran amid ongoing conflict. The U.S. did not take part in the discussions.
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile missile attacks, tanker incidents and rising casualties across Israel, Lebanon and the Gulf heighten risks to regional stability and energy routes.
American President Donald Trump threatened on Wednesday to pull the United States out of NATO after European nations refused to join a U.S.-led naval mission to unblock the Strait of Hormuz.
Former Kyrgyz MP Shairbek Tashiev has been detained in a corruption investigation linked to state oil firm Kyrgyzneftegaz, as the case expands to include members of a powerful political family.
There are fears of an oil spill after a drone strike hit a Kuwaiti oil tanker near Dubai on Tuesday, while U.S.-Israeli strikes in Iran reportedly killed at least two people. A loud explosion was heard in Beirut in southern Lebanon early Wednesday, as oil prices climbed above $100 a barrel.
Fears of wider escalation grow despite President Donald Trump saying U.S. strikes on Iran could end within weeks. Meanwhile missile attacks, tanker incidents and rising casualties across Israel, Lebanon and the Gulf heighten risks to regional stability and energy routes.
Russian-flagged tanker carrying approximately 700,000 barrels of crude oil docked at Cuba's Matanzas oil terminal on Tuesday, shipping data confirmed, marking a vital and controversial delivery to an island paralysed by severe energy shortages and a suffocating U.S. blockade.
A Russian military An-26 aircraft has crashed in Crimea, killing all 30 people on board, Russia’s Defence Ministry has confirmed.
Explosions were heard in the Syrian capital Damascus as Israeli air defences intercepted Iranian missiles, Syrian state television reported on Tuesday.
American President Donald Trump threatened on Wednesday to pull the United States out of NATO after European nations refused to join a U.S.-led naval mission to unblock the Strait of Hormuz.
France has unveiled a delayed wave of renewable energy tenders to boost energy independence and strengthen domestic and European industry.
China is emerging as one of the more stable economies amid the latest global oil shock, thanks to years of planning, diversified energy sources and a steady shift towards renewable power.
In a major policy reversal, the U.S. Treasury has removed Venezuela’s acting president, Delcy Rodríguez, from its sanctions list, signalling a sharp shift in Washington’s approach to Caracas.
A technical team from the United States Federal Bureau of Investigation (FBI) has touched down in Cuba this week to launch an "independent investigation" into a deadly maritime shootout that happened on 25 February.
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