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Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement, Reuters reported on March 14. Petrobras officials did not reveal which US suppliers the company has engaged in talks with; however, the discussions are part of the South American country’s efforts to …

EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year, Reuters reported on March 16. The EU’s storage tanks are expected to end this heating season only 35% full, …

Oil rose on Monday after top importer China said it would take steps to revive consumption by boosting incomes, and the US ordered fresh attacks on the Houthis in Yemen. Brent Brent Crude 0.74% to 71.11 (up $0.52) while WTI rose 0.73 per cent to $67.67 (up $0.49) per barrel …

Wave energy could be primed for a swell of progress thanks to open data sharing. While advancements in wave energy have been piecemeal to date, an Australian startup believes that open-sharing principles can revolutionize research and development in the sector, with potentially huge ramifications for decarbonizing global energy grids. Waves …

India has been courting foreign and domestic investment in its clean energy industry in an effort to shore up energy security and meet the nation’s lofty decarbonization goals. But a new report reveals that while India has offered up record-breaking clean energy tenders, they have been met with weak demand, …

Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market. Mohajerani made the remark in a post on her X account on Saturday in reaction to the latest move by the US Treasury Department which imposed sanctions on Iran’s Oil Minister …

Italy’s power grid operator Terna SpA plans to invest more than $25 billion (23 billion euros) over the next ten years to facilitate the integration of renewable energy sources and boost the transport capacity of the grid, the company said on Friday in its 2025-2034 development plan. The investments represent …

Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions, Reuters has reported, citing unnamed sources, who said Russian oil traders were using the cryptocurrencies to facilitate the conversion of yuans and rupees into rubles. For now, the amount of oil traded …

Abu Dhabi National Oil Company (ADNOC) has launched talks to potentially buy the energy assets of the UAE’s sovereign wealth fund in a deal that could be worth about $10 billion, sources familiar with the plans told Bloomberg on Friday. ADNOC – which has recently reshuffled shareholdings, listed some subsidiaries, …

Some state-controlled Chinese refiners have reduced purchases of Russian oil loadings for March as they assess the risks of dealing with sanctioned entities and wait for more clarity about a possible Russia-Ukraine ceasefire and potential U.S. sanctions relief on Russia’s oil trade. State-owned refining giant China Petroleum and Chemical Corporation, …