India hasn’t requested refiners to cut imports of Russian crude oil and no cuts have been seen for the already placed nominations for loadings in November, Indian industry sources told Reuters on Friday, after the U.S. claimed refiners had stared to reduce Russian supply. U.S.-Indian talks in Washington this week …
Read More »Uzbekistan Invests $100 Million to Boost AI Sector
The Uzbek government is allocating $100 million to turbocharge the development of the country’s AI sector. A large chunk of the government funding is intended for initiatives to attract foreign investors to construct data centers in Karakalpakstan, an autonomous region in western Uzbekistan, Digital Technologies Minister Sherzod Shermatov said in …
Read More »China Drives Global EV Sales to Record High
Global sales of electric vehicles rose to a record high of 2.1 million in September, driven by Chinese demand which accounted for over half of that global total, Rho Motion reported today. EV sales in China last month hit 1.3 million, with the number for the first nine months of …
Read More »Chevron Wants to Weigh in on the Launch of Venture Global’s New LNG Plant
Chevron has requested to submit an opinion about a possible delay in the start-up of Venture Global’s second LNG plant, as the supermajor worries any delay would interfere with its delivery plans under a long-term contract with Venture Global. Venture Global has requested regulatory authorities to postpone the official commissioning …
Read More »Egypt is Making a $6 Billion Bet on Crude Oil
Egypt is rolling the dice on black gold once again, announcing plans to drill 480 new exploratory oil wells over the next five years—an ambitious $5.7 billion wager that the country can claw its way back from years of production decline. The Petroleum Ministry laid out the plan this week, …
Read More »Russian Crude and Fuel Export Revenues Continue to Fall
Russia’s export revenue from crude and fuels dipped in September again as a slump in refined product shipments couldn’t offset an increase in crude oil exports, data from the International Energy Agency (IEA) showed on Tuesday. Russian revenues from crude and petroleum products declined to $13.35 billion in September from …
Read More »OPEC+ Oil Production Jumped by 630,000 Bpd in September
The members of the OPEC+ group boosted their production in September by 630,000 barrels per day (bpd) from August as the alliance last month completed the unwinding of 2.2 million bpd cuts that began in April this year. Total OPEC+ crude oil production averaged 43.05 million barrels per day (bpd) …
Read More »Saudi Aramco can Sustain 12 Million Mpd Oil Output for a Year
Saudi Aramco can sustain its oil production at its maximum capacity of 12 million barrels per day (bpd) for a year without additional investments, Amin Nasser, the chief executive of the Saudi state oil giant said at the Energy Intelligence Forum in London on Monday. Concerns have emerged among analysts …
Read More »China’s Coal Imports Jumped to 9-Month High in September
Chinese coal imports surged in September to the highest level in nine months and the highest for 2025 amid falling output and rising prices within China, official data showed on Monday. The world’s top coal consumer, China, imported 46 million tons of coal in September, the highest level so far …
Read More »Geothermal Power Emerges as Trump’s Favorite Clean Energy
One of the few renewable energy sources that the Trump administration has not yet criticised is geothermal power, as companies across the United States continue to develop innovative geothermal projects with financial support from Biden-era policies. The sweeping budget legislation that President Trump signed in July preserved most key tax …
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