Saudi Arabia plans to treat data centers within the Kingdom with the same level of protection as embassies, Finance Minister Mohammed Al Jadaan said, as the kingdom seeks to position itself as a global hub for data exports rather than oil. Al Jadaan highlighted concerns from European and American stakeholders …

In classic Trump fashion, the President declared at the World Economic Forum in Davos, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.” These words, delivered with signature bravado, sent a warm glow through U.S. coal producers—along with a noticeable bump in their stock prices. …

Turkish steelmaker Tosyali Holding will invest nearly $1 billion in solar energy in eight different provinces of Turkey to be able to use solar power for green steel production, the firm’s chairman, Fuat Tosyali, told Anadolu. Tosyali, while attending the 55th Annual Meeting of the World Economic Forum (WEF) in …

China Petroleum & Chemical Corporation, or Sinopec, saw its refinery throughput drop by 2.03% in 2024 from a year earlier, the biggest Chinese refiner said on Friday. Sinopec’s refinery throughput fell to 252.3 million tons last year, amid an overall decline in Chinese crude processing rates, for the first time …

The world’s biggest crude oil exporter, Saudi Aramco, bought this week its first cargo of U.S. WTI Midland, the crude grade which is now part of the dated Brent benchmark, S&P Global Commodity Insights told Reuters. The Saudi oil giant, which is also the world’s biggest oil company, bought the …

ExxonMobil and its partner offshore Cyprus, QatarEnergy, on Friday started drilling for natural gas in an exploration block in the island nation’s exclusive economic zone, the President of Cyprus, Nikos Christodoulides, said. The U.S. supermajor and Qatar’s state energy giant launched drilling activities in Block 5, Christodoulides wrote on X. …

JERA, the largest LNG buyer in Japan, plans to boost purchases from the United States to diversify its supply portfolio, a top company executive told Reuters on Friday. Japan, the world’s second-largest LNG importer after China, is looking to increase its energy security with diverse sources of supply and could …

Despite President Trump’s “drill, baby, drill” policies, it will be oil prices and Wall Street that will determine how much U.S. oil production will grow in the near term, shale investors and executives say. President Trump signed on his first day in office an executive order to unleash America’s energy …

China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude …

Italy, the EU’s third-largest economy and the country holding the second-biggest natural gas storage space in the bloc, plans to begin refilling its sites as early as February, to avoid price spikes later in the year, Italian Energy Security Minister, Gilberto Pichetto Fratin, said on Thursday. “Due to ongoing geopolitical …