Sanctions Push Russian LPG South, Not Offline
Russia’s LPG trade is doing exactly what sanctions usually force it to do: rerouting, not retreating. New data from industry sources shows Russia nearly doubled liquefied petroleum gas exports to…
LG Energy Solution To Sell Ohio Battery Facility To Honda For $2.85 Billion
South Korea’s LG Energy Solution has agreed to sell the building and fixed-asset components of its Ohio electric vehicle battery plant to Honda Development and Manufacturing of America for ?4.22…
Turkey Makes Another $9 Billion Bet on Russian Nuclear Power
Turkey just took another very large, very deliberate step deeper into Russia’s energy orbit — and this time it comes with a $9 billion price tag. Ankara says that Russia…
Iraq and Kurdistan Extend Oil Export Deal to March 2026
Iraq and Kurdistan agreed this week to extend a deal for the export of crude oil from the northern semi-autonomous region until March 2026, Rudaw reported, citing the head of…
China Issues First 2026 Fuel Export Quotas
China has issued the first batch of fuel export quotas for the new year, at a total of 19 million tons, Reuters reported today, citing unnamed sources. The volumes were…
Russia’s Oil Output Held Steady in 2025
Russia’s crude oil production this year will remain unchanged from the previous year at some 516 million tons, Deputy Prime Minister Alexander Novak said today, adding that in 2026, oil…
Russian Deputy PM Says Sanctions Delay LNG Expansion
Russia’s ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak. “Our task has been…
U.S. Crude Stocks Post Surprise Build as Gasoline and Distillates Rise
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 2.4 million barrels in the week ending December 19. Crude oil inventories…
Record Discounts Accelerate Chinese Teapot Purchases of Russia’s ESPO Crude
China’s independent refiners are accelerating purchases of Russia’s Far Eastern ESPO crude blend as Chinese refiners were issued new import quotas and the discount of Russian crude swelled to a…
U.S. Fossil-Fuel Peaker Plants Delay Retirement as AI Power Demand Soars
More than half of the power plants in the PJM market running on fossil fuels have either deferred or canceled plans to retire as soaring electricity demand from AI data…
