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Japan has reportedly tapped global consultancy Wood Mackenzie to study the long-proposed Alaska LNG pipeline and export terminal, signaling Tokyo is taking a closer look at whether to back a $44 billion megaproject long championed by Washington. Two sources with direct knowledge told Reuters the assessment aims to reassure wary …

Kurdistan has lost some $28 billion from a dispute between the government of the semi-autonomous region, the central Iraqi government, and Turkey that has been running for over two years now. “From March 25, 2023, until now, Iraq and the Kurdistan Region have suffered losses of more than 28bn dollars …

Oil prices rose on Monday despite OPEC+ confirming at its Sunday meeting that it will wind down more than 1 million barrels per day of extra voluntary cuts over the next two months. At 9:34 a.m. ET on Monday, West Texas Intermediate (WTI) was trading up 1.65% at $62.89 per …

EU carmakers will sell about 2 million fewer electric vehicles than previously expected, due to the more flexible EU regulations on emission standards for 2025, green group Transport & Environment said in new research on Monday. Earlier this year, under pressure from Europe’s automotive industry, the European Union adopted amendments …

Poland will look to extend the current cap on power prices through the end of the year, Energy Minister Milosz Motyka said on Friday, removing a key uncertainty about Poland’s inflation trend and interest rates. The Polish government will seek to extend the so-called cap on electricity prices, due to …

Canada’s government will not continue Trudeau’s policy mandating at least 20% electric vehicle sales from automakers as of the model year 2026, as Mark Carney’s new cabinet is looking to protect the auto industry that has been hit by the U.S. trade policies and tariffs. The Canadian government will be …

India’s top refiner, Indian Oil Corporation Ltd (IndianOil), has forgone buying U.S. crude at this week’s tender, instead opting for Middle Eastern and West African crude, sources in the oil trade industry told Reuters on Friday. At the previous tender last week, IOC bought as many as 5 million barrels …

OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just over half of the increase, restoring barrels previously curbed under voluntary cuts. The United Arab Emirates and Nigeria also contributed, …

Oil prices slid on Thursday, extending a decline of more than 2% in the previous session, as investors and traders look ahead to a weekend meeting of OPEC+ where producers are expected to consider another increase in output targets. Brent crude fell 46 cents, or 0.7%, to $67.14 a barrel …

U.S. President Donald Trump said that Chinese President Xi Jinping is conspiring with Russia’s Vladimir Putin and North Korea’s Kim Jong Un against the United States as the three leaders put up a united front at a Beijing military parade in what observers see as a show of strength defying …