In the News

EU leaders urge talks on Russian gas transit through Ukraine as Slovakia warns of rising energy costs and cold weather depletes gas reserves

EU countries are demanding more flexibility in gas storage targets, citing rising costs and concerns over long-term energy security.

Venture Global shares plunged after its 2025 profit forecast missed Wall Street expectations, raising concerns over rising costs and revenue declines.

Trump’s tariffs on Canada could push U.S. electricity prices higher, with New York and New England most affected by potential power supply disruptions.

Enbridge pipeline expansion moves ahead despite new U.S. crude oil tariffs. The company is investing $2 billion in Mainline while targeting long-term energy growth

The U.S. revoked Chevron’s license to export Venezuela oil, citing a lack of progress on electoral reforms. The move could destabilize oil markets.

Oil prices hit a six-month low after OPEC+ confirmed a production increase, while U.S. tariffs and geopolitical tensions added market uncertainty.

Kazakhstan’s crude oil production reached 2.12 million bpd, exceeding its OPEC+ quota, with increased output from the Tengiz oilfield.

Finland will release the Eagle S tanker, suspected of Baltic cable damage, as authorities continue their investigation into the disruption.

Turkey is pushing for full-capacity operations on the Iraq-Turkey pipeline, despite ongoing legal and political challenges slowing down oil exports.