International

Ever since President-elect Donald Trump started talking about tariffs, Canada’s government has gone through a transformation. Overtly not huge fans of oil and gas, the ministers in Ottawa suddenly turned defensive. The latest to do that was resource minister Jonathan Wilkinson, who this week threatened in-kind retaliation against Trump’s tariffs. …

The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from the Middle East and Africa, expecting fresh sanctions on Iran and Russia to cripple supply from these two exporters, traders have told Bloomberg. In the past few weeks, supply of Russian …

Strong European demand for Guyana’s crude pushed the oil exports of the South American country soaring by 54% last year, with Europe accounting for the majority of shipments, Reuters reported on Wednesday, quoting shipping data and traders. Crude oil exports from Guyana averaged about 582,000 barrels per day (bpd) last …

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India’s newest liquefied natural gas terminal has received its first shipment, taking the country a step closer to its goal of doubling the proportion of the fuel in its …

US President Joe Biden announced Monday that he is moving to ban new offshore oil and gas drilling along most US coastlines. “I am taking action to protect the East and West coasts, the eastern Gulf of Mexico, and Alaska’s Northern Bering Sea from oil and natural gas drilling and …

As Donald Trump prepares to become America’s 47th president on January 20, the potential resurgence of United States’ shale oil industry will reopen the 2014 scars for Nigeria and some of the biggest oil producers in the world as they seek to support prices and reduce oversupply. The resurging shale …

South Africa’s recently adopted tax breaks for electric vehicle production have already piqued the interest of three Chinese EV manufacturers to invest in new-energy vehicles in the African country, an official at the local automotive association told Bloomberg. Three car makers from China have already signed non-disclosure agreements with the …

UPNEDA is seeking EOI from developers to set up floating PV projects on a build-own-operate basis at 35 dams and reservoirs identified in the Indian state of Uttar Pradesh. UPNEDA, in collaboration with the Irrigation and Water Resources Department, will lease dams and reservoirs to the developers to support the …

Iraq’s energy industry is undergoing significant developments reflecting government initiatives to increase the production of electricity and oil in order to fulfill the country’s increasing demands and boost economic growth. In order to enhance the energy infrastructure and achieve a sustainable vision for resource management, the Iraqi government is putting …

In 2024, the global economy navigated a year marked by uncertainties and transformative shifts. From continuing energy market volatility driven by geopolitical tensions to the artificial intelligence (AI) boom transforming industries, economic trends have been anything but predictable. In this year-end review, let’s explore the key developments that defined the …