Top News

This month saw the launch of the EU’s CBAM policy, a much-needed abbreviation for Carbon Border Adjustment Mechanism. Officials designed the trade policy to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the European Union. They also hope it will encourage cleaner industrial …

Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy meeting and China’s manufacturing data due this week, offsetting support from tension in the Middle East. Brent crude futures dropped 1.6%, or $1.11, to $89.37 a barrel by 0350 GMT, while …

Turkey’s first seismic research vessel “Barbaros Hayreddin Pasa,” which has scanned more than 50,000 square-kilometer in the last five years to search for oil and natural gas within the country’s territorial waters, is currently getting prepared for its next mission at Trabzon port where it briefly anchored for scheduled maintenance. …

Trade and economy officials from the Group of Seven wealthy democracies strengthened their pledge Sunday to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties. The nations promised to maintain “a free and fair trading system based on the rule of law and …

Iran’s oil production has increased to 3.4 million barrels per day (bpd), the spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said. Speaking in an interview with IRNA on Sunday, Seyyed Hamid Hosseini said measures have been taken in the current administration to boost oil exports to …

The European Union has announced a raft of multimillion dollar deals at a forum for its Global Gateway program, the bloc’s new infrastructure partnership plan that’s seen as an alternative to China’s worldwide Belt and Road Initiative (BRI). The first Global Gateway Forum kicked off in Brussels on October 25 …

While almost all other auto manufacturers, especially those from Japan, are mulling exits from China (where domestic brands are starting to dominate the EV market), Stellantis is doing the opposite and investing in an EV startup. The U.S. based auto manufacturer who makes Jeep and Dodge brands said it would …

Japan’s release of treated radioactive water from the crippled Fukushima No. 1 nuclear plant into the sea is “progressing as planned and without any technical concerns,” the U.N. nuclear watchdog has said. The International Atomic Energy Agency wrapped up its safety review Friday, two months after the discharge began at …

A potent combination of factors, including a stronger US dollar, a weaker Chinese economy, and rising oil prices, is creating a dangerous cocktail that threatens to disrupt the stability of Southeast Asian economies. A strong dollar makes servicing dollar-denominated debt more expensive, increasing the burden on countries with substantial external …

France’s inaugural floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) has successfully completed commissioning and commenced operations in Le Havre. The FSRU, named the CAPE ANN and owned by Höegh LNG, was built in 2010 with a storage capacity of 142,500 cubic meters. It is operated by …