International

The OPEC+ group is expected to maintain its oil production policy unchanged this weekend and affirm a pause in output hikes in March even as Brent Crude prices hit $70 per barrel this week for the first time in five months, delegates from the alliance told Reuters on Friday. The …

This week, the World Bank and the Rockefeller Foundation announced that they will funnel tens of millions of dollars into the budding African solar power sector. The two major global funding bodies are investing in non-profit organizations across the African continent to expand solar power projects with the tandem goal …

The European Union is quietly preparing to take a much bigger swing at Russia’s oil trade. And this time, Brussels is aiming less at price optics and more at enforcement reality. The EU is reportedly weighing whether to scrap its Russian oil price cap altogether and replace it with a …

Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S. sanctions. Acting President Delcy Rodriguez signed the new law late on Thursday, the AP reported, hours after the parliament voted …

The upstream sector is set to carry strong momentum into 2026, with high-impact wildcat drilling activity expected to remain elevated following a solid 2025. Last year, the success rate for high-impact wildcat wells rose to 38% from 23% in 2024, while total discovered volumes increased by 53% year on year …

Over two days during the short 2025 summer beyond the Arctic Circle, a mining company moved a 113-year-old timber church building in its entirety nearly two miles away, in an engineering feat that made international headlines. The moving of the Kiruna Church from the Swedish town of the same name, …

The United States will keep what it calls an oil quarantine on Venezuela even after U.S. forces bombed Caracas and captured President Nicolas Maduro. According to Secretary of State Marco Rubio, this quarantine is as far as the U.S. “running Venezuela” would go. “We continue with that quarantine, and we …

OPEC+ confirmed on Sunday that it will keep oil production steady through the first quarter of 2026, as eight key producers reaffirmed their commitment to market stability amid a steady global economic outlook and what they described as healthy oil market fundamentals. Saudi Arabia, Russia, Iraq, the United Arab Emirates, …

Coal India Limited, the biggest coal producer in the world’s second-biggest coal user, opened this year its online coal supply auctions directly to buyers in Bangladesh, Bhutan, and Nepal, as Indian coal supply has swelled amid weaker-than-expected demand in recent months. Amid an oversupply of coal and weaker demand, India …

India’s government is asking domestic refiners to provide timely and accurate data on a weekly basis of imports of Russian and U.S. crude, as New Delhi plans to show the data to the U.S. Administration as it seeks a trade deal, sources with knowledge of the efforts told Reuters on …