International

U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a …

Indonesia is plowing ahead with its $20-billion international partnership to aid its energy transition despite the U.S. exit from international climate deals and commitments to support the clean energy goals of developing countries. At the end of 2022, Indonesia, the world’s top coal exporter and heavily reliant on coal for …

Russian President Vladimir Putin hasn’t changed his order not to strike energy infrastructure in Ukraine despite reports of Ukrainian hits on Russian energy assets, Kremlin spokesman Dmitry Peskov said on Monday. “So far, there have been no other orders from the president,” Peskov told Russian reporters who asked him if …

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran. The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity …

U.S. firm KoBold Metals, whose backers include billionaires Bill Gates and Jeff Bezos, is seeking to develop a huge hard rock lithium deposit in the Democratic Republic of Congo as the African country, which also has large cobalt, gold, and cobalt resources, is seeking a minerals partnership with the United …

India’s dependence on crude oil imports is on track to set a record high in the fiscal year ending March 31, 2025, as Indian fuel demand continues to grow while domestic crude production remains flat. India imported 88.2% of the crude it consumed in the April 2024-February 2025 period, according …

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market. Reliant on exports, firms including LG Chem Ltd. and Lotte Chemical Corp. are feeling the pinch as …

Two tankers hit by US sanctions are due to offload Russian Arctic Oil in Syria for the first time, days after Moscow made its first known delivery of diesel there in more than a decade, according to LSEG data, a government source and local TV. One of the tankers, Aquatica, …

India has been courting foreign and domestic investment in its clean energy industry in an effort to shore up energy security and meet the nation’s lofty decarbonization goals. But a new report reveals that while India has offered up record-breaking clean energy tenders, they have been met with weak demand, …

Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions, Reuters has reported, citing unnamed sources, who said Russian oil traders were using the cryptocurrencies to facilitate the conversion of yuans and rupees into rubles. For now, the amount of oil traded …