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…
Shell Moves Ahead With Venezuela Gas Project After U.S. Sanctions Relief
Shell plans to proceed with a natural gas project in Venezuela following Washington’s issuance of so-called general licenses for energy operators willing to invest in the country. “The issuance of…
Oil Prices Head for First Weekly Gain Since January on Iran Tensions
Crude oil prices were on course for their first weekly increase after three consecutive weekly losses, following President Trump’s latest threat to Iran that gave the country 10-15 days to…
