Oil Demand Slumped by 614,000 Bpd in December on U.S. Decline
Global oil demand fell by 614,000 barrels per day (bpd) in December compared to November 2025, and plunged by 536,000 bpd from December 2024, driven by lower U.S. demand, the…
Bulgaria’s Lukoil Refinery Slashes Costs By $8 Million
Bulgaria’s Lukoil Neftohim Burgas refinery has saved $8 million in just two months after dropping its Swiss-based trading intermediary Litasco SA, with Special Commercial Administrator Rumen Spetsov telling Russia’s parliamentary…
Saudi Oil Catches Up as India Buyers Navigate Russia Sanctions
India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained US pressure to reduce purchases…
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…
