Russian Oil Exports Remain Steady Despite New Sanctions
New U.S. and EU restrictions hit two major Russian oil giants but Moscow’s western‑port shipments keep flowing while buyers and banks face uncertainty.
Croatia’s Supply Cut Puts Central Europe’s Non-Russian Oil Plans Under Pressure
A reduction in crude deliveries to Slovak refiner Slovnaft exposes the fragility of alternative oil supply routes in the region.
Fossil Fuels will Remain Dominant in Global Energy Mix Beyond 2050, McKinsey Says
Despite rapid growth in renewable energy, McKinsey’s latest analysis projects that oil, gas, and coal will continue to supply over half of global energy needs by 2050.
US Expands Economic Ties with Mozambique, Backs Mineral and Gas Projects
Strategic investments by U.S. agencies aim to strengthen Mozambique’s energy and mining sectors amid political and environmental challenges.
California Lawmakers Vote to Allow Sale of Higher-Ethanol Fuel, Paving Way for Low-Cost, Energy-Efficient Gasoline
The landmark vote brings California closer to cheaper pump prices and expanded use of cleaner, American-made ethanol fuel.
Shell Rules Out BP Takeover Talks
Shell said it could not breach the UK rules, a statement which bars it from bidding for BP for the next six months.
How Iranian Oil Supports the US Economy Even Without Reaching Its Shores
Iran’s crude output helps stabilize global markets, indirectly easing fuel prices and inflationary pressures in the United States.
Oil Prices Surge After Israeli Strike on Iran Raises Supply Fears
Brent and WTI crude see biggest gains since 2022 as fears grow over supply disruption through Strait of Hormuz.
Australian Energy Heavyweights Woodside and Santos Pave the Way for $52 Billion Gas Powerhouse in Merger Talks
Concurrently, Santos is assessing a range of alternative structural options with a view to unlocking value.