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energy policy
Trump says Ukraine needs new president after diesel deal
President Donald Trump said Saturday that "it's time for Ukraine to get a new president." He made the remark a day after announcing a deal with Russian President Vladimir Putin to bring Russian diesel to market. The deal reverses years…
Zelensky slams Trump-Putin diesel deal as ‘weakness’
Ukrainian President Volodymyr Zelensky on Friday condemned a diesel supply agreement that U.S. President Donald Trump announced after talks with Russian President Vladimir Putin. Zelensky warned that easing sanctions on Moscow without a de-escalation deal "plays into Russia's hands". He…
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Trump says Putin agreed to send diesel, eases sanctions
President Donald Trump said on Friday, Oct. 9, that he had reached a deal with Russian President Vladimir Putin for Russia to put millions of tons of diesel on the U.S. and world markets. The move eases U.S. energy sanctions…
US electric car sales sink as Europe’s soar amid Iran war
High gasoline prices from the war in Iran have not brought American car buyers back to new electric vehicles. In Europe, the same fuel shock has helped push EV sales to record levels.
Trump rules out diesel export ban after G7 fuel release
President Donald Trump said Friday that the United States will not ban diesel exports. The announcement came hours after Group of Seven leaders agreed to release 100 million barrels of oil and fuel over four months, starting with a large…
Trump says Europe agreed to release diesel stockpiles
President Donald Trump said on Friday that European countries had agreed to release a large share of their emergency diesel stocks. His announcement came hours after EU governments discussed a French plan meant to cool fuel prices driven up by…
G7 agrees to release up to 100M barrels of diesel, crude
Group of Seven nations agreed on Friday, Oct. 2, to release up to 100 million barrels of emergency diesel and crude oil stocks over four months. The decision came after Washington pushed Europe to draw down its strategic reserves and…
Russia lowers 2026 gas output and export forecasts as Europe exits
Russia's Economy Ministry has lowered its 2026 natural gas production and export forecasts, according to a draft government document first reported by Reuters, as the European Union prepares to fully phase out Russian gas purchases starting next year.
China races to build nuclear fusion, SMRs to power AI data centers
The explosive growth of artificial intelligence is pushing China to fast-track investments in nuclear fusion and small modular reactors, as the country seeks to secure the vast energy supplies needed to fuel its expanding network of data centers.
Trump endorses diesel export ban as prices hit record
President Donald Trump on Tuesday endorsed a temporary ban on U.S. diesel exports, telling reporters at the United Nations General Assembly in New York that a decision would come "fast, one way or the other" as the national average price…
TotalEnergies signs oil deal with Venezuela after 2022 exit
Venezuela Interim President Delcy Rodríguez on Saturday signed a memorandum of understanding with French oil and gas company TotalEnergies, according to Reuters, citing local media. No details about the agreement were immediately available.
European leaders scramble to shield consumers from surging diesel prices
Across Europe, governments are scrambling to shield consumers from surging fuel prices as the Middle East conflict disrupts global oil supply routes, pushing diesel costs to near-record levels and sparking protests in France.
Nomura warns of ‘terminal’ oil shortage driving global selloff
Global markets fell on Tuesday as crude oil prices pushed further above $100 a barrel and U.S. Treasury yields hit their highest level since 2007, with Nomura strategist Charlie McElligott warning that cross-asset markets are waking up to an "energy/petrochem…
Developing Asian nations rethink LNG after $7B cost surge
The disruption of liquefied natural gas shipments through the Strait of Hormuz since the US-Iran war began in late February has more than doubled LNG costs for developing Asian economies, forcing a broader reckoning with the fuel's future in the…
China’s cheap solar tech reshapes Africa’s energy map
As the Trump administration pursues its "drill, baby, drill" fossil fuel agenda, African nations are increasingly turning to cheaper Chinese solar panels and battery storage systems to meet their energy needs — a trend that is reshaping the continent's energy…
Trump’s Venezuela oil deal draws backlash from US producers
President Donald Trump's sweeping oil accord with Venezuela, which he has called "the greatest deal ever made," is drawing sharp criticism from US oil executives who say the arrangement cuts them out of key commercial opportunities and creates a government-backed…
Asia’s economies beat growth forecasts on fiscal buffers and AI boom
Asian economies defied expectations to post solid growth in the June quarter, as governments deployed fiscal buffers to shield households from a war-related energy shock while a surge in artificial intelligence demand supercharged the region's technology exporters.
Venezuela oil deal draws fire from opposition and government allies alike
A sweeping oil agreement between the United States and Venezuela that would grant Washington majority control over 65 billion barrels of proven crude reserves has drawn fierce criticism from across Venezuela's political spectrum, uniting hardline government loyalists and opposition forces…
Trump says Venezuelan oil will refill US strategic reserve
President Donald Trump announced Sunday that the United States will use oil from its newly struck deal with Venezuela to replenish the nation's depleted Strategic Petroleum Reserve, calling it a "Gift from Venezuela to the People of the United States."
Trump says US secured control of 65B barrels of Venezuelan oil
President Donald Trump announced Friday evening that the United States has entered into what he called "the biggest oil deal in world history" with Venezuela, claiming majority U.S. control of more than 65 billion barrels of proven oil reserves through…
Oil falls as US nears deal for stake in Venezuelan fields
Crude oil prices slipped on Friday as markets digested reports that the Trump administration is close to securing long-term access to a portion of Venezuela's vast crude reserves, a development that could reshape hemispheric energy flows and weaken OPEC's grip…
Venezuela weighs leaving OPEC as US oil ties deepen
Venezuela is closely examining plans to leave OPEC, the oil cartel it helped found more than 60 years ago, according to a Bloomberg report published Thursday. The potential departure would deliver a fresh blow to the organization and mark the…
China wasted enough clean energy to power the UK for a year
China rejected 360 terawatt-hours of wind and solar power in the first half of 2026, enough to run the United Kingdom or Mexico for more than a year, according to a report by the Centre for Research on Energy and…
ADNOC sells 94M barrels since June as UAE’s post-OPEC oil push accelerates
The United Arab Emirates formally withdrew from OPEC and OPEC+ on May 1, 2026, ending nearly 59 years of membership in the oil producers' cartel and freeing the Gulf state to pursue an aggressive production expansion without quota constraints. In…
China cut oil imports 30% without economic hit, study finds
China, the world's largest oil importer, reduced its net crude oil imports by 30% year-over-year in the second quarter of 2026 — a reduction of 3.5 million barrels per day — without any meaningful decline in economic activity, according to…
EU gas storage falls far behind pace to hit 90% winter target
Europe's gas storage tanks are refilling at one of their slowest paces in 15 years, with levels sitting around 58% of capacity in early August — roughly 15 percentage points below where they would normally be at this point in…
Coal still dominates China’s grid despite record renewable buildout, report finds
China is building more large-scale wind and solar power than the rest of the world combined, but inadequate transmission infrastructure and a continued reliance on coal-fired power are limiting how much of that clean energy actually reaches consumers, according to…
Iran, Russia reach agreement on key terms of gas deal
Iran's Oil Minister Mohsen Paknejad announced on Monday that Tehran and Moscow have reached agreement on most key provisions of a long-negotiated gas trade contract, urging Russia to accelerate implementation of the deal. The announcement, reported by Iran's state-run Shana…
EU hit record Russian LNG imports ahead of 2027 ban
The European Union imported a record volume of liquefied natural gas from Russia's flagship Yamal LNG plant in the first half of 2026, even as the bloc moves to phase out all Russian gas purchases by early next year.
IEA chief calls Europe’s slow electrification a ‘major mistake’
International Energy Agency chief Fatih Birol has warned that Europe's failure to electrify its economy faster since the 2022 energy crisis amounts to a "major mistake," leaving the continent dangerously exposed to volatile fossil fuel markets at a time of…