Ukraine has discussed with G7 countries additional natural gas imports as it seeks to boost imports by 30% to offset the damage from Russian strikes on its gas infrastructure, Ukrainian Energy Minister Svitlana Grynchuk said on Tuesday. In recent weeks, Russian strikes have caused “significant” damage to the gas production …

Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to …

Growth in U.S. renewable capacity additions will be 45% lower than previously expected, due to the Trump Administration’s raid on clean energy incentives and permitting, according to the International Energy Agency (IEA). In its annual Renewables 2025 report out on Tuesday, the agency slashed its growth forecasts for clean energy …

Kazakhstan will boost its crude oil exports to Germany next year after Kazakh national oil and gas company KazMunayGas extended a supply deal with Rosneft Deutschland, which has been under German trusteeship since 2022. Kazakhstan is supplying crude to the Schwedt refinery, the fourth-largest refinery in Germany, which used to …

China is building new oil storage sites as it stockpiles crude while it is cheap. This year and next will see a total of 11 new storage sites built across the country, Reuters reported today, noting that the combined capacity of the new sites would come in at some 169 …

Iran claims a new natural gas discovery would add an estimated 10 trillion cubic feet to its gas reserves and could help offset an expected energy imbalance. Iran has discovered significant gas and oil reserves at the Pazan field in the southern part of the Fars province, Iranian Oil Minister …

More crude oil from Russia has become available for Indian refiners as Ukrainian drone attacks have reduced the Russian refining capacity, an Indian government official Reuters on Monday. Since the Russian invasion of Ukraine, India has relied on the discounted Russian crude banned in the West to reduce its crude …

Saudi Arabia left the official selling price of its crude oil selling in Asia in November unchanged from the October prices as OPEC+ continues to lift production amid a market concerned about an imminent oversupply. Saudi Aramco, the Kingdom’s oil giant and the world’s single largest crude exporter, set the …

Denmark is intensifying inspections on oil tankers passing through its waters, which are the gateway to and from the Baltic Sea, in a move to counter Russia’s shadow fleet movements. The Danish authorities are stepping up environmental checks on older tankers passing through its straits, the Environment Ministry said on …

Eni SpA has resumed exploration in Block 16/4 in waters northwest of Libya after a five-year pause, the North African country’s National Oil Corp (NOC) said. “This comeback includes re-entering the exploratory well C1-16/4 (also known as BESS-3), where drilling operations were previously halted in 2020 due to the COVID-19 …