Russia is gearing up to ramp up its LPG exports to China by a striking 40% in 2026, reveals consultancy Rystad Energy. This significant surge underscores deepening energy ties as Russia taps into new markets amid shifting global demand
Browsing: energy market
Russia’s oil and gas revenues tumbled by a staggering 34% year-on-year in November, revealing a sharp downturn driven by relentless sanctions and fading global demand, The Moscow Times reports. This steep drop is placing immense strain on the country’s economy
A £1.5 billion deal sparks a dynamic UK-US alliance, securing control of Europe’s largest offshore LNG terminal. This landmark agreement not only boosts energy security but also fuels stronger transatlantic ties in the fast-growing liquefied natural gas market
Iberdrola has kicked off an ambitious takeover bid to seize full control of Brazil’s Neoenergia, aiming to supercharge its presence in Latin America’s rapidly expanding renewable energy market, according to Yahoo Finance
Distributed solar capacity is skyrocketing, making it Brazil’s fastest-growing power source, according to the U.S. Energy Information Administration. This remarkable surge highlights the country’s bold shift toward renewable energy and a future driven by decentralized power generation
Oil prices slipped on Wednesday, dragged down by persistent concerns over a global supply glut. Heightening market unease, escalating US-China trade tensions added further strain, Reuters reports. Investors are proceeding with caution as demand forecasts remain uncertain
The recent policy shifts in the US and China have sent shockwaves through the global renewable energy sector, igniting concerns over a potential slowdown in clean energy investments, Al Jazeera reports
Brazil’s Petrobras has made history by importing natural gas from Argentina for the very first time, marking an exciting new chapter in regional energy cooperation. This bold strategy aims to diversify Brazil’s gas supply amid soaring demand, Reuters reports
Chevron CEO Mike Wirth delivered an exciting update on the company’s operations in Argentina, emphasizing a powerful commitment to energy investment and a deep partnership with local collaborators as they steer through ever-changing market dynamics
Crude oil prices surged dramatically on Wednesday as escalating sanctions and mounting geopolitical tensions ramp up pressure on Russia’s energy exports, fueling fears of widespread disruptions to the global supply, Yahoo Finance reports
US subsidy rules are set to disrupt Germany’s BayWa renewable energy unit, threatening its competitive edge. These new regulations could seriously challenge BayWa’s bold ambitions to expand in the US market
Argentina has boldly risen as a South American oil titan, dramatically boosting crude production and exports. With soaring output and strong policy support, the nation is rapidly becoming a dominant player on the global energy stage
Oil prices soared as a sharp decline in U.S. crude inventories ignited fresh market optimism, outshining concerns over new tariffs imposed by India. Traders are navigating a delicate balance between shrinking supply and escalating geopolitical tensions
TotalEnergies (TTE:NYSE) is shaking up the South American energy scene with a bold $500 million deal, selling its stakes in two Argentina oil and gas blocks to YPF. This strategic move is designed to sharpen its focus and streamline its portfolio for greater impact
Trump signals bold plans to sharply raise India’s tariff rates in retaliation for its continued purchases of Russian oil. Despite growing U.S. pressure, India remains resolute, putting its energy security and economic interests front and center
Argentina’s road fuel sales took a noticeable dip in June, reveals data from Quantum Commodity Intelligence. This decline underscores ongoing economic challenges and evolving demand trends fueled by fluctuating fuel prices and soaring inflation
The Germany gas turbine market is on track to skyrocket to USD 2.5 billion by 2035, driven by a strong CAGR of 4.42% from 2025 to 2035. This remarkable surge is fueled by soaring energy demands and swift industrial expansion, reveals openPR.com
Russia’s Rosneft CEO Igor Sechin revealed that China is quickly rising as a powerful new energy exporter, signaling a major shift in the global energy landscape, Reuters reported. This dynamic change could dramatically reshape markets both regionally and across the world
Japan’s JERA has secured a groundbreaking deal to purchase LNG from the United States, signaling a strategic pivot to diversify its supply sources and reduce dependence on Australia, Reuters reports. This bold step underscores the dynamic shifts reshaping the global energy landscape
France is revolutionizing its offshore wind Power Purchase Agreements (PPAs) to overcome the challenges of negative price periods. This bold strategy is set to enhance market stability and fast-track the expansion of renewable energy, OffshoreWIND.biz reveals