Cenovus Energy Q4 Earnings Skyrocket on Record Production
Cenovus Energy on Thursday reported a surge in fourth-quarter net earnings from a year earlier as its upstream production rose by 5% on the year to hit a record high. …
Hungary Weighs Cutting Power and Gas Shipments to Ukraine
Hungary is weighing the idea of cutting off power and natural gas deliveries to Ukraine if Kyiv doesn’t hasten to resume Russian oil flows via the Druzhba pipeline, the chief…
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…
