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Keywords: Energy
Cuban authorities are working to restore electricity across the island after a nationwide power grid failure plunged millions of residents into darkness, marking the third major blackout to strike the country this year. The collapse of the national electricity network on Monday left almost 10 million......
Nigeria's Dangote Group is preparing to finance its proposed oil refinery in Kenya through a combination of internal cash resources, bond issuance and a future initial public offering (IPO), according to a senior company executive. The planned facility, designed to process 700,000 barrels of crude......
As the summer travel season gets underway across France, fuel prices continue to ease only partially, remaining significantly higher than levels recorded before the outbreak of conflict in the Middle East, according to government data released on Monday. While motorists are seeing some relief at the......
Azerbaijan has summoned Russia’s ambassador in Baku after what it says was a Russian drone strike on a fuel station owned by the state energy company SOCAR in Ukraine’s Mykolaiv region, adding a new source of tension to relations between the two countries. In a statement issued on Monday,......
BP’s interim chairman Ian Tyler is reportedly interested in taking on the role permanently following the departure of his predecessor, according to a report by Sky News. The development comes after BP removed former chairman Albert Manifold from the position in May, less than eight months after......
The global oil market has so far demonstrated remarkable resilience after losing more than one billion barrels of supply during the conflict involving Iran. However, industry analysts warn that the stability achieved in recent months has come at the expense of emergency stockpiles, leaving the market......
India’s state-owned refiners have purchased approximately 7 million barrels of crude oil through recent tenders, highlighting sustained import demand from one of the world’s largest energy consumers, according to trade sources. The combined purchases were made by Indian Oil Corporation (IOC)......
The OPEC+ alliance is expected to approve another increase in oil production targets, according to sources familiar with internal discussions, adding fresh supply to a market already under pressure from falling prices and shifting geopolitical conditions. The decision is expected to be formalised during......
One person was killed and two others were injured in what Russian-installed authorities described as a Ukrainian attack on the Crimean Peninsula, highlighting the continued escalation of hostilities around the strategically important Black Sea territory. The announcement was made by Sergiy Aksyonov,......