Markets

Pemex pursues a diversification strategy for motor fuel and crude oil exports, following U.S. tariff threats against Venezuela oil trade

Iraq plans to raise oil production to 6 million bpd by 2029, backed by a BP deal and OPEC+ commitment to global output reductions

Kazakhstan’s oil minister was ousted after the country exceeded OPEC+ quotas, facing backlash for overproduction and defiance of production limits

A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact

Oil prices drop amid trade tensions and ceasefire uncertainty, with OPEC reporting rising crude output and markets facing concerns over global demand growth

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

Europe’s wind energy expansion is reshaping its power sector, surpassing coal for the first time as governments and industries invest in advanced wind technology

Oil prices rise 2% after the U.S. revokes Chevron’s Venezuela license, sparking supply concerns as OPEC+ weighs its next move in a volatile market

Kyrgyzstan and Tajikistan finalized a border deal, resolving a major dispute and paving the way for enhanced trade, security, and regional cooperation

Coal India renewable energy efforts expand through a joint venture with EDF, focusing on hydropower and clean energy projects in India and South Asia