China Hikes Russian Crude Imports as India Retreats
A jump in China’s crude oil imports from Russia is more than compensating the withdrawal of the Indian refiners from spot Russian purchases, according to tanker-tracking data compiled by Bloomberg. …
Tullow Oil Strikes Major Refinancing Deal with Glencore
Tullow Oil, a London-listed firm focused on oil and gas developments in Africa, has extended debt maturities by two and a half years in a major refinancing agreement with the…
AI Boom Faces Power Crisis Without Global Renewable Surge
The global AI and data center boom will need acceleration of renewable energy rollout to avoid plunging millions of people into energy poverty as power bills jump, the founder of…
Hungary Taps Strategic Oil Reserves After Druzhba Pipeline Halt
Hungary is releasing oil from its strategic petroleum reserves to ensure supply after Russian crude flows via the Druzhba pipeline stopped at the end of last month. The Hungarian government…
Saudi Oil Exports to India Surge to Highest Level Since 2020
Saudi oil exports to India are on course to book the strongest month since 2020, according to data from Kpler cited by Bloomberg. India has been under intense pressure from…
