International

Operations at the Mukran LNG terminal in Germany’s Baltic Sea have resumed following successful icebreaking operations to clear a navigable channel. The facility had been temporarily disrupted by heavy sea ice, preventing cargo ships from departing.Situated on Ruegen island, the Mukran LNG terminal is operated by Deutsche ReGas, which has …

India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation. Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license …

Russia plans to send soon oil and oil products to Cuba as part of humanitarian aid, the Russian embassy in Cuba told Russian media on Thursday. Cuba’s worsening economic and humanitarian situation has gone from bad to worse in recent weeks as the U.S., which now controls Venezuela’s oil sales, …

Hundreds of business executives from European companies have demanded that the European Union authorities take steps to lower energy prices, warning that failure to act would cause an investment outflow and further harm European companies’ competitiveness. “EU electricity prices in Europe still remain higher inside Europe than in competing countries. …

Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country. “This year, we can drive a dramatic increase in Venezuelan oil production, in Venezuelan natural gas production and Venezuelan electricity production,” Wright said, as …

Germany is proposing that renewable energy developers pay for connecting to the grid in new regulations that would replace the current system of first-come, first-served, Reuters reported on Monday, citing a new draft law it has seen. The current congestion in the queue for grid connections and the regulations allowing …

Big Tech plans to spend hundreds of billions on AI this year, the industry leaders said this earnings season. In response, a stock sell-off followed as traders grew wary of the whole AI story. Looking for something safer, they went into energy stocks. Big Oil stocks, to be precise. Last …

Trading volume and open interest on China’s metals exchanges soared to record highs in January, fueled by retail investors flocking to what they believe are the next market winners—precious and industrial metals. So many bullish positions were open at the start of the year that the first negative signals sent …

The European Union is preparing to take a much bigger swing at Russia’s oil trade, and this time Brussels is aiming less at optics and more at the plumbing that actually keeps barrels moving. The European Commission has proposed what would be its broadest sanctions package yet against Russian crude …

Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the world’s top crude importer, as India is pulling back. Five of these tankers signal ‘for orders’ or ‘China for orders’ …