Germany will plead with the EU to allow plug-in hybrids and highly efficient conventional cars to be sold in the bloc even after the effective ban on gasoline and diesel passenger cars in 2035, Chancellor Friedrich Merz said on Friday as the government looks to prop up its massive but …

Saudi Arabia is expected to slash the prices for its crude bound for Asia in January to the lowest premium to benchmarks in five years, as the world’s largest crude exporter looks to preserve market share amid ample supply and falling spot Middle East benchmarks. Saudi oil giant Aramco will …

Exports of liquefied natural gas from the United States are on track to book a 40% annual increase this month, hitting 10.7 million tons, projections from Kpler have shown, as cited by Bloomberg. An ample supply of liquefied gas has already pushed natural gas prices down in Europe, with prices …

UK automotive production plunged in October, with combined car and commercial vehicle output falling 30.9% year-on-year to 62,116 units, according to new data released by the Society of Motor Manufacturers and Traders (SMMT). The sharp contraction reflects both the ongoing fallout from a major cyber incident that disrupted operations at …

China’s independent refiners—the country’s infamous “teapots”— just got their first sip of 2026 crude import quotas. And the timing couldn’t be better for a physical market drowning in unsold sanctioned barrels. Trade sources say Beijing has handed out roughly 8 million tons so far across 21 refiners, a noticeable bump …

OPEC+ members are expected to stick with their decision to pause oil production increases when the group meets online this Sunday, signaling a cautious approach amid growing signs of oversupply and persistent weakness in prices. Delegates told reporters the meeting is likely to be “straightforward,” with ministers simply reaffirming the …

China is heading into winter expecting record power use again, and officials are already warning that both electricity load and daily gas demand are likely to set new highs. The NDRC says the heating season will run longer this year. That usually means heavier coal burn and more gas in …

India’s Serentica Renewables plans to invest up to $11 billion to boost its clean energy portfolio by the end of the decade via project acquisitions and new capacity build outs, chairman Pratik Agarwal has told Reuters. Serentica Renewables, backed by global private equity giant KKR, plans to raise over the …

Canada may be about to do something it hasn’t managed in nearly two decades: clear political space for a brand-new oil pipeline to the Pacific. Ottawa and Alberta are preparing to unveil a memorandum of understanding that would carve out exemptions to federal regulations that have long scared off investors …

China’s solar power installations jumped by 30% in October from September, as capacity additions rebounded from the summer months, which had seen a new renewables pricing mechanism alarming investors. Chinese developers installed 12.6 gigawatts (GW) of solar power in October, up by 30% from September, according to data by the …