The US crude oil benchmark West Texas Intermediate is trading around $57.65 early on Monday, after President Trump he will not rule out war with Venezuela, raising fresh supply uncertainty. Traders brace for the
West Texas Intermediate is trading around $56.35 during the Asian trading hours on Tuesday. The US crude oil benchmark price remains under selling pressure amid renewed signs of optimism surrounding a deal to end the war
Following COP30, the UN said the new country climate plans ‘barely move a needle’ on the expected global targets, as pledges and actions do not do much more than rhetoric. The bottom
New liquid natural gas project approvals surged in 2025, adding to the coming wave of natural gas supply. About 300 billion cubic metres of new annual LNG export capacity is scheduled to
The world will carry on consuming oil, more than 100 million barrels per day to 2050 and beyond, with the oil producers’ cartel OPEC+ having just decided to keep on pumping and
COP30 is underway at Belem in Brazil, but with low expectations. Not only has the US, under President Trump, pulled out of the Paris Agreement – starting January – but his administration
The state-owned Electricity Authority of Cyprus reported a mild increase in after-tax profits, rising from €36.1 mln in 2023 to €37.3 mln last year, due to lower emission costs, with the chairman
In what will drastically transform the natural gas market, the European Union has agreed to stop all Russian gas and LNG imports by the end of 2027, while the US is pursuing
The OPEC-plus group of oil producers has decided to pause joint output hikes in January, February and March in response to new US sanctions on Russian oil producers Rosneft and Lukoil. The International
According to McKinsey, global natural gas demand could rise by 26% by 2050. The coming LNG supply wave is already here, with global supply expected to increase by 60% by 2030, thus
