Tag Archives: Oil Price

Ukraine is restricting imports of diesel from India due to India’s continued purchases of Russian crude, which holds about a third of total Indian oil imports. Effective October 1, Ukraine will restrict imports of Indian diesel and will check samples of the diesel in laboratories to detect the presence of …

Kazakhstan, Kyrgyzstan, and Uzbekistan have worked out detailed swap arrangements covering water and electricity, aiming to improve agricultural productivity in areas experiencing dry conditions. Under the key agreement signed at a trilateral meeting in the Kyrgyz resort town of Cholpon-Ata, Kyrgyzstan will receive electricity from Kazakhstan and Uzbekistan; in return, …

Crude oil prices began the week with a rise, building on gains made last week, as Ukrainian drone attacks on Russian energy infrastructure continued, notably on a major oil export terminal in Primorsk, Russia’s second-largest Baltic port and largest oil export hub on the Baltic. At the time of writing, …

The Africa Climate Summit 2 (ACS2) was hosted in September by the Government of Ethiopia and the African Union to advance Africa’s climate agenda and sustainable development priorities, ahead of the United Nations’ November global climate summit COP30. ACS2 brought together 25,000 African leaders, policymakers, youth, civil society, development partners, …

Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term …

The Danish wind giant Ørsted is fighting for its survival after United States President Donald Trump introduced a barrage of orders limiting the growth of the wind power sector. After declaring an energy emergency in the U.S. upon entering office in January, Trump has spent the past eight months introducing …

The world produces 460 million metric tons of plastic each and every year. But only about 9 percent of it gets recycled, leading to a ballooning plastic waste issue impacting every part of our planet, from the bottom of the Mariana Trench to the inside of your own skull. The …

China is set to continue its crude stockpiling throughout next year, but even the buying spree from the world’s top crude importer would not be sufficient to support oil prices into the $60s per barrel as a major glut looms over the market in the coming months. Lower oil prices …

Japan joins the EU in cutting the price cap on purchases of Russian oil to $47.60 per barrel, in a move effective Friday and aimed at punishing Russia over the war in Ukraine, yet unlikely to affect any Japanese purchases. Japan lowered the price cap from the $60 per barrel …

Rising costs and uncertain regulatory and demand picture have made low-emission hydrogen projects more challenging and clean hydrogen production by 2030 could be a quarter lower than expected at this time last year, the International Energy Agency (IEA) said on Friday. The low-emission hydrogen uptake is not yet meeting expectations …