Union Agrees to US Refineries Contract, Averting Nationwide Strike

Summary Four-year deal includes 15% pay raise, $2,500 signing bonus USW sought 16% raise, Marathon firm on final offer Contract replaces current one, which was extended before February 1 expiration…

Trump Rescinds Punitive Tariff on India Over Purchases of Russian Oil

(Reuters) – President Donald Trump signed an executive order on Friday rescinding a punitive 25% duty on all imports from India over its purchases of Russian oil, the White House…

Week in MiddleEast: Dubai Unveils 950 MW Solar Park Phase IV; Masdar Expands with 200 MW Solar in Kyrgyzstan and More…

Dubai has inaugurated Phase IV of the Mohammed bin Rashid Al Maktoum Solar Park, adding 950 MW of capacity and setting new global benchmarks for renewable scale and efficiency. The…

New Tech Tracks UV Damage Inside Solar Cells

Researchers at the University of New South Wales (UNSW Sydney) have developed a groundbreaking method to observe how silicon solar cells degrade under ultraviolet (UV) radiation — and how they…

PFC Acquires 52.63% Stake in REC, Moves Toward PSU Power Finance Merger

Representational image. Credit: Canva Power Finance Corporation Ltd. (PFC) has officially acquired a 52.63% stake in REC Limited, following approval from the Cabinet Committee on Economic Affairs (CCEA). With this…

Japan’s Mitsui Nears Deal to Buy Stake in Huge Qatar LNG Project

Japan’s trading company Mitsui & Co is in an advanced stage of talks with QatarEnergy to buy a minority stake in one of Qatar’s mega expansion projects, anonymous sources with…

Ørsted Targets Dividend Comeback After Two Brutal Years

Ørsted targets to reinstate dividends for the financial year 2026, the world’s largest offshore wind developer said on Friday, signaling it may have turned a corner from the worst of…

US Energy Secretary to Visit Venezuela to See Leaders “Before Long”

WASHINGTON, Feb 6 (Reuters) – U.S. Energy Secretary Chris Wright said on Friday he will before long visit Venezuela to meet with “all the leadership” and to get a better…

Global Electricity Demand Surge Forecast by IEA

(Reuters) – Global electricity demand growth is expected to ramp up by more than 3.5% per year on average over the rest of the decade while renewable energy and nuclear…

ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil

By ConocoPhillips Chief Executive Officer Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new…