A jump in China’s crude oil imports from Russia is more than compensating the withdrawal of the Indian refiners from spot Russian purchases, according to tanker-tracking data compiled by Bloomberg. So far in February, deliveries of Russia-origin cargoes at Chinese ports have averaged 2.09 million barrels per day (bpd), up …

The global AI and data center boom will need acceleration of renewable energy rollout to avoid plunging millions of people into energy poverty as power bills jump, the founder of China’s major wind turbine maker Envision told the Financial Times. “For this AI revolution, lots of people may end up …

Saudi oil exports to India are on course to book the strongest month since 2020, according to data from Kpler cited by Bloomberg. India has been under intense pressure from the United States to stop importing crude from Russia, and while New Delhi has been wary of making any formal …

Shell plans to proceed with a natural gas project in Venezuela following Washington’s issuance of so-called general licenses for energy operators willing to invest in the country. “The issuance of the recent general licenses is a positive signal, and it, indeed, allows for progress on our Dragon project,” Shell’s spokesperson …

Turkey on Thursday slammed Greece’s “unilateral activities” in signing lease agreements with a Chevron-led consortium for exploration offshore southern Crete. “Greece’s unilateral activities with international companies in hydrocarbon fields south of Crete do not directly affect our country’s maritime jurisdiction areas, but they constitute a violation of international law and …

Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday. Venezuela owes Repsol 4.55 billion euros, or $5.36 billion, and this includes debt for oil and gas supplies, arrears in payment of interests, and financing for its Petroquiriquire …

India should increase the amount of crude oil and coking coal it imports from the United States as a way to diversify its supply under the interim trade deal between New Delhi and Washington, according to the country’s commerce and industry minister. India is especially keen on importing more high-quality …

Here is the question: what happens when renewables are acknowledged as the superior technology for electric power generation? Basically, we see a process of displacement (one commodity producer, renewables, displacing another, fossil fuels), and that leads us to the issue of minimum viable scale in connection with this postulated energy …

Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to …

Operations at the Mukran LNG terminal in Germany’s Baltic Sea have resumed following successful icebreaking operations to clear a navigable channel. The facility had been temporarily disrupted by heavy sea ice, preventing cargo ships from departing.Situated on Ruegen island, the Mukran LNG terminal is operated by Deutsche ReGas, which has …