International

Turkish President Recep Tayyip Erdogan said Thursday that Sweden and Finland could still have their NATO bids blocked by Turkey if the Nordic nations don’t follow a memorandum that was signed earlier in the week. Turkey lifted its objection to Sweden and Finland joining NATO after the three countries signed …

Fearing Russia might cut off natural gas supplies, the head of Germany‘s regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases. Federal Network Agency President Klaus Mueller urged house and apartment owners to have their gas boilers and radiators checked …

OPEC’s crude oil production fell in June compared to May, due to outages in Libya and Nigeria, and the 10 cartel producers bound by the OPEC+ pact lifted their combined production by just 20,000 barrels per day (bpd) last month, the monthly Reuters survey showed on Friday. OPEC’s all 13 …

Libya’s National Oil Corporation (NOC) declared force majeure on crude exports from its oil terminals amid continued blockades of production and ports, which have severely crippled Libya’s oil exports. The force majeure comes after weeks of protests and closures amid the new rift in Libya’s political class over who should …

Russia’s move to reshuffle ownership of the Sakhalin-2 natural gas project may constrict global markets even more by pushing Japan to compete with Europe for alternative sources of supply. President Vladimir Putin’s decree to transfer rights for the plant to a new Russian company has no immediate impact on the …

Ever since China gave Saudi Crown Prince Mohammed bin Salman (MbS) the opportunity to save face after his many unsuccessful attempts to float Saudi Aramco in what was supposed to be a glorious initial public offering (IPO), MbS has been in Beijing’s debt and Saudi Arabia has appeared to drift …

Japan’s Foreign Ministry on Wednesday confirmed that China has finished building a new drilling facility for gas fields in a contested area of the East China Sea for the second time in two weeks. The facility is located on the Chinese side of a Tokyo-proposed median line separating the nations’ …

Major oil producers led by Saudi Arabia and Russia are expected to stick to a previously decided output boost at their meeting on Thursday, despite pressure to further increase production. Russia’s invasion of Ukraine has exacerbated concerns about oil supplies, sending prices to record highs this year. Hard on the …

The energy crisis in Germany risks becoming more severe in the coming days as wind power generation will dip amid low wind speeds this week, according to a Bloomberg weather model. Wind power generation is set to be lower than usual through the first week of July, posing yet another …

Chinese regulators have released an action plan on boosting industrial energy efficiency, detailing major targets and tasks to optimize the energy structure as the country takes steady steps to spur green transformation. By 2025, China aims to achieve a comprehensive improvement in the energy efficiency of major industrial sectors, a …