International

Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term …

Brazil wants a seat at the International Energy Agency’s table, filing a formal request this week to move from partner status to full membership. On Tuesday in Paris, Brazil’s ambassador delivered a letter from Foreign Affairs Minister Mauro Vieira and Mines and Energy Minister Alexandre Silveira to IEA chief Fatih …

Malaysia’s national energy giant Petronas booked lower revenues and profits amid falling oil prices and a challenging macro and operational environment, which also led to a 3% decline in first-half oil and gas production. Petronas reported a 24% decline in revenues and a 19% drop in profit after tax, due …

Russia kept its number-one spot as the biggest crude oil supplier to India in July, despite U.S. pressure on India over its continued imports of Russian crude. Amid difficult U.S.-India trade talks, the Trump Administration has singled out India to punish as a buyer of Russian crude. After weeks of …

Hyundai Motor said Sunday sales of its face-lifted Nexo hydrogen-powered sport utility vehicle (SUV) have reached nearly 7,000 units since its launch in June, far outpacing its predecessor. Sales of the upgraded hydrogen fuel cell electric vehicle (FCEV) model came to 6,767 units in the June-August period, far surpassing the …

China accounts for $65-70 billion worth of Iran’s foreign trade each year, according to a senior Iranian businessman who says that China’s oil purchases from Iran have reached record levels. Majid Reza Hariri, who chairs the Iran-China Joint Chamber of Commerce, said on Saturday that up to 50% of Iran’s …

Jet fuel imports from Asia to Europe reached a record this summer as prices subsided from 2022 highs, the Financial Times has reported, noting the bulk of the record imports came from China and South Korea, cementing their dominance in fuel markets. Citing data from energy analytics provider Vortexa, the …

Despite record solar and wind capacity additions and booming renewable energy output, China is not giving up on coal, on the contrary. During the first half of 2025, China commissioned as much as 21 gigawatts (GW) of coal power, the highest amount in the first half of the year since …

The U.S. Environmental Protection Agency may issue a host of waivers for biofuel blending mandates for small refiners, countering a proposal made by the federal government earlier this year for an increase in biofuels blending with regular fuels. In that proposal, the Trump administration eyed an 8% increase in the …

Security guarantees for Kyiv are a key issue at the heart of efforts to bring an end to fighting amid Russia’s ongoing invasion of Ukraine, and now White House special envoy Steve Witkoff has put the term “Article 5-like” center stage. Witkoff told CNN on August 17 that it was …