International

In a recent meeting with House Republicans, former President Donald Trump declared his intention to completely reverse President Joe Biden’s electric vehicle (EV) policies if he is re-elected. Trump criticized the current administration’s push towards battery-powered cars, describing the mandate as “crazy,” according to Idaho Representative Russ Fulcher. He emphasized …

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC in a move to limit the Kremlin’s ability to finance its war against Ukraine, according to a document seen by Bloomberg. State-owned Sovcomflot, the largest shipping company in Russia, has been one of the key companies helping to …

Tajikistan aims to generate all its electricity from green energy sources by 2032, President Emomali Rahmon said Tuesday. Rahman made the remarks while attending the International Water Conference in the capital Dushanbe, according to a statement by the Presidency Office. “We are doubling our efforts as part of the transition …

Dubbed “white gold,” lithium is immense valuable in the modern world. Though lithium prices dropped dramatically from the highs achieved in late 2022, China still dominates the lithium supply chain. This continues to spur on multiple countries looking to lay their hands on this valuable metal. Lithium is a critical …

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and May 2024, the revenues for the Russian federal budget from oil and gas hit $55.7 …

OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will eventually see that the group’s policy is correct. The alliance remains committed to the stability of the oil market and can react quickly to any changes, ministers from the …

The United States and the European Union fear the Chinese electric vehicle competition, the founder and CEO of China’s EV manufacturing giant BYD said on Friday. “There are many examples of politicians in other countries who are worried about EVs in China,” BYD founder, CEO, and chairman Wang Chuanfu said …

The $12-billion secondary share offering of Saudi oil giant Aramco has drawn strong demand from foreign investors, sources with knowledge of the matter told Bloomberg on Thursday. Saudi Aramco launched on Sunday a secondary public offering of 1.545 billion shares of the company, representing approximately 0.64% of the company’s issued …

Azerbaijan and Kazakhstan are discussing the use of the Baku-Supsa pipeline to carry Kazakh crude, media reported, citing a statement by the Kazakh embassy in Baku. “Currently, the parties are exploring the possibilities of further increasing volumes. Kazakhstan is also studying Azerbaijan’s proposal to use the Baku-Supsa oil pipeline. Supplies …

Western media reported that Russia pummeled Ukraine’s energy infrastructure with a large-scale drone and missile attack on Saturday, injuring at least 19 people. The Ukrainian military claimed that it had downed 35 out of the 53 missiles launched at targets across the country overnight on 1 June as well as …