Germany’s year-ahead power futures prices fell this week to the lowest level since the beginning of the year amid falling European natural gas prices as talks on a peace deal in Ukraine began. In recent months, Germany has become more dependent on fossil fuel-powered generation amid low wind speeds that …

With Iraq’s hydrocarbons making waves and LNG and KRG oil hitting the headlines, the potential for a bright future in the energy sector is becoming increasingly evident. Iraq’s hydrocarbon future looks promising if Prime Minister Al Sudani’s government can implement a more functional and feasible investment strategy in the coming …

Saudi Arabia’s crude oil exports fell in December by 60,000 barrels per day (bpd) from the seven-month high in November, the latest data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. In November, Saudi crude oil exports jumped by 281,000 bpd to 6.21 million bpd—a seven-month high, according …

Since President Trump decided to withdraw the United States from the Paris Climate Agreement, there has been rising concern that the U.S. absence from the global accord will create a leadership vacuum, which could threaten climate progress. This has encouraged other member states to double down on their commitment to …

Predictions for iron ore prices in 2025 remain mostly mixed, but early signs in the new year indicate an upward trend, at least in Asian markets. According to a report by Reuters, one positive indication was a northward trend of iron ore futures prices on China’s Dalian Commodity Exchange (DCE) …

Ukrainians are learning the transactional nature of the Trump administration as the US president revealed a “critical” (pun intended) part of his plan for ending the three-year old conflict. Media reports say that Scott Bessent, the US treasury secretary, met with Ukrainian President Zelensky on Feb. 12. The two discussed …

Ever since the U.S. introduced sanctions on Russian energy, Moscow has been transporting oil under the radar using clandestine techniques such as shadow fleets. Demand for Russian crude has risen from some countries as Putin has offered oil at highly discounted rates to maintain Russia’s export revenues. Countries such as …

President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as …

Chinese companies have launched a new ultradeep drilling campaign in the Taklimakan Desert in northwest China, hoping to unlock more oil and gas resources from deep underground. The drilling campaign, in China’s Xinjiang Uygur Autonomous Region, aims to reach oil and gas resources that are about 8,000 meters (26,247 ft) …

Demand for petrochemicals in India is expected to remain resilient as consumption of products is rebounding, executives in the industry told Reuters this week. India’s petrochemicals demand will be a bright spot among the major markets, amid a slowdown in demand in other markets, most notably China, and new supply …