Trump Admin Threatens To Withdraw From IEA Over Net Zero Agenda

U.S. Energy Secretary Chris Wright has issued a one-year deadline for the International Energy Agency (IEA) to abandon its net-zero emissions agenda or risk the United States withdrawing from the…

Turkey Opposes Greece-Chevron Exploration Deal Offshore Crete

Turkey on Thursday slammed Greece’s “unilateral activities” in signing lease agreements with a Chevron-led consortium for exploration offshore southern Crete.   “Greece’s unilateral activities with international companies in hydrocarbon fields south…

Spain’s Repsol Reveals Massive $5.4 Billion Debt From Venezuela

Repsol has nearly $5.4 billion in receivables to collect from Venezuela, the Spanish group said in its annual 2025 report on Thursday.  Venezuela owes Repsol 4.55 billion euros, or $5.36…

Nigeria to Channel All Oil Proceeds to Boost Federal Finances

Nigeria is now channeling all proceeds from oil and gas production to a single federal account as it aims to strengthen the central government budget and ensure a more effective…

India Considers Boosting Imports of U.S. Oil and Coal

India should increase the amount of crude oil and coking coal it imports from the United States as a way to diversify its supply under the interim trade deal between…