Turkey Makes Another $9 Billion Bet on Russian Nuclear Power

Turkey just took another very large, very deliberate step deeper into Russia’s energy orbit — and this time it comes with a $9 billion price tag. Ankara says that Russia…

LG Energy Solution To Sell Ohio Battery  Facility To Honda For $2.85 Billion

South Korea’s LG Energy Solution has agreed to sell the building and fixed-asset components of its Ohio electric vehicle battery plant to Honda Development and Manufacturing of America for ?4.22…

Sanctions Push Russian LPG South, Not Offline

Russia’s LPG trade is doing exactly what sanctions usually force it to do: rerouting, not retreating. New data from industry sources shows Russia nearly doubled liquefied petroleum gas exports to…

Russia’s Oil Output Held Steady in 2025

Russia’s crude oil production this year will remain unchanged from the previous year at some 516 million tons, Deputy Prime Minister Alexander Novak said today, adding that in 2026, oil…

China Issues First 2026 Fuel Export Quotas

China has issued the first batch of fuel export quotas for the new year, at a total of 19 million tons, Reuters reported today, citing unnamed sources. The volumes were…

Russian Deputy PM Says Sanctions Delay LNG Expansion

Russia’s ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak. “Our task has been…

Oil Price Steady as Market Mulls Potential Supply Risks

Summary Oil heading for largest annual decline since 2020 US targets Islamic State militants in Nigeria, no direct impact on oil infrastructure Venezuelan oil under US economic pressure (Reuters) –…

Nuclear Developer Proposes Using Navy Reactors for Data Centers

Repurposing military reactors for such civilian use, however, is unchartered territory Bloomberg News Naval aircraft carriers or submarines are each equipped with two reactors: A4W units made by Westinghouse Electric…

COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing

Progress, not perfection. Photographer: Christopher Furlong/Getty Images Europe Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to…

Five Reasons to Be Optimistic About the 2026 Economy

Takeaways by Bloomberg AI Consumers will have more money due to tax refunds and potential $2,000 checks to households. Businesses will have more money as corporations can deduct 100% of equipment…