International

Turkish steelmaker Tosyali Holding will invest nearly $1 billion in solar energy in eight different provinces of Turkey to be able to use solar power for green steel production, the firm’s chairman, Fuat Tosyali, told Anadolu. Tosyali, while attending the 55th Annual Meeting of the World Economic Forum (WEF) in …

The world’s biggest crude oil exporter, Saudi Aramco, bought this week its first cargo of U.S. WTI Midland, the crude grade which is now part of the dated Brent benchmark, S&P Global Commodity Insights told Reuters. The Saudi oil giant, which is also the world’s biggest oil company, bought the …

Despite President Trump’s “drill, baby, drill” policies, it will be oil prices and Wall Street that will determine how much U.S. oil production will grow in the near term, shale investors and executives say. President Trump signed on his first day in office an executive order to unleash America’s energy …

China aims to maintain crude production in 2025 little changed from 2024, with output expected to come in above 200 million tons. In 2024, China’s total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude …

Bitcoin hit record highs on Monday, as President- Donald Trump, and First Lady-again Melania Trump launched their meme coins, days ahead of the inauguration. The cryptocurrency leader reached above $108,000(£88,668) for the first time ever on Monday morning, ahead of Trump’s official return to office. Susannah Streeter, head of money …

Italy, Austria, Germany, Algeria, and Tunisia reiterated on Tuesday their intention to develop a pipeline that would carry renewable hydrogen from North Africa to Europe, the Italian energy ministry said. The 3,300-km (2,050 miles) hydrogen pipeline, named SouthH2 Corridor, is planned to ship green hydrogen from the African coast to …

The Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has successfully activated a new oil well in the Sarir field on 17 January. The well, designated L096, commenced operations following the completion of essential mechanical and electrical infrastructure works. AGOCO officials report the new installation will …

U.S. President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most U.S. coastal waters as he made sweeping moves his first hours in office to unleash American energy development. Trump’s move came as part of a broad assault on executive orders issued by former …

One week into the latest – and most aggressive yet – U.S. sanctions on Russian oil exports, the Asian buyers of Russian crude are scrambling for alternative supply, the price of oil has rallied, and analyses suggest that more than 1 million barrels per day (bpd) of Moscow’s export volumes …

The director of the state-run Basra Oil Company (BOC), Bassem Abdul-Karim Al-Shamkhani, revealed on Thursday that Iraq and the world’s second-largest oil service company, Halliburton, almost finalized an agreement to develop the Nahr Bin Umar oilfield in the southern part of the country. The Iraqi Ministry of Oil and Halliburton …