Germany is proposing that renewable energy developers pay for connecting to the grid in new regulations that would replace the current system of first-come, first-served, Reuters reported on Monday, citing a new draft law it has seen. The current congestion in the queue for grid connections and the regulations allowing …
Read More »AI Loses its Shine as Money Rotates Back into Big Oil
Big Tech plans to spend hundreds of billions on AI this year, the industry leaders said this earnings season. In response, a stock sell-off followed as traders grew wary of the whole AI story. Looking for something safer, they went into energy stocks. Big Oil stocks, to be precise. Last …
Read More »China’s Metals Mania Sends Prices into the Blender
Trading volume and open interest on China’s metals exchanges soared to record highs in January, fueled by retail investors flocking to what they believe are the next market winners—precious and industrial metals. So many bullish positions were open at the start of the year that the first negative signals sent …
Read More »Russia, Iran Likely to Sign Several Economic Coop. Agreements
Russia and Iran want to sign a number of agreements on trade and economic cooperation at a meeting of the Russian-Iranian intergovernmental commission scheduled for February 16-18 in Tehran, the Russian Energy Ministry says. Following a meeting between Energy Minister Sergey Tsivilev and Iran’s ambassador to Russia, Kazem Jalali recently, …
Read More »Iran’s Kermanshah Exports nearly 6 Million Tons of Goods in 10 Months
Over 5.9 million tons of goods worth over 2.4 billion dollars were exported from the customs offices of Kermanshah province in western Iran to other countries in the first ten months of the current Iranian calendar year (March 21, 2025-January 20, 2026), a provincial official says. Speaking to IRNA on …
Read More »India ups Middle East and West Africa Oil Purchases to Avoid Russian Crude
India’s largest state-owned refiner, Indian Oil Corporation (IOC), has boosted purchases of crude oil from ?West Africa and the Middle East, as New Delhi steers clear of Russian crude in the wake of the trade deal with the United States. Indian Oil has acquired six million barrels of Middle East …
Read More »Equinor Signs Five-Year Gas Supply Deal with Dutch Company
Norwegian energy company Equinor has signed a five-year agreement to supply up to 0.5 billion cubic meters (bcm) of natural gas per year to Dutch utility Eneco, Trend reports via Equinor. Deliveries to the Dutch gas grid began on 1 February. The gas supplied under the deal has a lower-than-average …
Read More »The Rapid Rise of Humanoid Robots
Several automakers are investing heavily in robots in a bid to further automate operations in the future. It does not seem to matter that the current generation of humanoid robots works at a slower pace than humans, as automakers still view these machines as more cost-efficient for their factories. While …
Read More »EU Escalates Oil Sanctions with Broad Ban on Shipping Services
The European Union is preparing to take a much bigger swing at Russia’s oil trade, and this time Brussels is aiming less at optics and more at the plumbing that actually keeps barrels moving. The European Commission has proposed what would be its broadest sanctions package yet against Russian crude …
Read More »TotalEnergies Pushes Deeper into Namibia’s Offshore Oil Boom
TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in …
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