International

The U.S. geoscience exploration firm working in South Korea’s East Sea has discovered 14 additional oil and gas prospects in the area, South Korean officials said on Monday. U.S. exploration firm Act-Geo has said in a report to the Korea National Oil Corp. (KNOC) that it had detected these possible …

On Sunday, Iraq’s parliament voted on a key plan for the compensation of oil companies operating in the semi-autonomous Kurdistan region that would speed up the restart of crude oil exports from the region. According to a Bloomberg report, MPs decided to allocate $16 per barrel produced in Kurdistan and …

Canada remained the top crude oil supplier to the United States in January 2025, exporting an average of 3.8 million barrels per day (bpd), according to data from the US Energy Information Administration (EIA) and analytics firm Kpler. Mexico ranked second with 457,000 bpd, followed by Saudi Arabia at 275,000 …

Since Russia launched its full-scale invasion of Ukraine nearly three years ago, Western nations have accused China of supplying Moscow with microchips and other critical dual-use technologies that are “powering Russia’s brutal war of aggression.” In response, Washington and Brussels have hit hundreds of Chinese companies and individuals with sanctions …

US President Donald Trump’s tariffs on imports from Canada and Mexico threaten to disrupt North America’s tightly integrated oil market and push up gasoline prices for American motorists. Trump on Saturday signed orders implementing a levy of 10% on imports of Canadian energy, along with general levies of 25% on …

In October last year, China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra-deep project, an example of the pursuit of new, untapped resources that lie deeper under the sea. Yet it’s not only ultradeep offshore drilling that …

India is gearing up for an energy investing boom as Narendra Modi’s government courts foreign and domestic investments. India’s economy has been growing rapidly, recently overtaking the United Kingdom to become the fifth biggest economy in the world. And it’s expected to keep rising through the ranks, surpassing both Germany …

Russia seems to be having little difficulty skirting US Treasury sanctions when it comes to its oil industry, with the country managing to send shipments of sanctioned oil aboard sanctioned tankers to India. The U.S. Treasury’s January crackdown on Russian crude exports doesn’t appear to be a problem for Moscow, …

Coal is still king in China despite the renewables boom with record additions of solar and wind power generation. Thermal power generation, which is overwhelmingly dominated by coal, rose by 1.5% in 2024 from a year earlier, to a record high of 6.34 trillion kilowatt-hours (kWh), data from China’s National …

Saudi Arabia plans to treat data centers within the Kingdom with the same level of protection as embassies, Finance Minister Mohammed Al Jadaan said, as the kingdom seeks to position itself as a global hub for data exports rather than oil. Al Jadaan highlighted concerns from European and American stakeholders …