U.S. exports of crude oil, liquefied natural gas, and coal reached a total of zero last month amid the continuing trade war that had China impose retaliatory tariffs on these U.S. commodities, which led to a slump in purchases. In liquefied natural gas, Chinese buyers have been at zero since …

Russia’s natural gas production fell 3.2% in the first half of 2025, reaching 334.8?billion cubic meters (bcm), as higher exports to China and increased domestic demand failed to offset the collapse of pipeline flows to Europe, Bloomberg reported on Wednesday. The drop, confirmed by federal statistics and Bloomberg analysis, reflects …

European Commission President Ursula von der Leyen and European Council President Antonio Costa will meet with the Chinese president and prime minister in Beijing on July 24 in what is expected to be a tense EU-China summit with the war in Ukraine and a potential transatlantic trade war looming large …

The ongoing push by EU countries to target Russia’s primary revenue source—oil and gas exports—has received a significant boost. With its 18th sanctions package, the EU has agreed not only to hit Moscow’s energy sector harder but also to impose a significantly lower price cap on Russia’s oil exports. The …

Strong demand for natural gas-related services helped Baker Hughes beat expectations for its financial performance in the second quarter of the year, as the company boasted a record order backlog for the period in its Industrial and Energy Technology segment. Baker Hughes booked a net income of $710 million for …

Oil prices drifted lower early Tuesday in Asian markets, weighed down by escalating trade tensions between the world’s largest economies and mounting signs of rising crude supply. The looming threat of an economic slowdown with the potential to curb fuel demand growth is driving bearish sentiment. At the time of …

In September, the European Steel Association (Eurofer) plans to introduce a proposal for an early and intensified safeguard system on imports. According to director Axel Eggert, this would replace the current general safeguard system used by the steel industry. Eurofer stated that the proposed system includes stronger tariff-rate quota (TRQ) …

Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade. The discovery was made at the Wolin East 1 (WE1) well, located …

China sharply curtailed exports of two key critical minerals in June, with outbound shipments of antimony falling by 88% and germanium by 95% compared to January levels, Asia Financial reported on Monday, noting that the drop reflects Beijing’s intensifying crackdown on transshipment and unauthorized export activity after discovering that material …

BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold will join BP as chair-elect on September 1 and take over from Helge Lund on October 1, the company said …