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Indian imports of Russian oil fall 15% in February to two-year low
India imported approximately 1.4mn barrels per day of crude oil from Russia in February 2025, marking a 14.9% decline from January’s 1.7mn bpd.
Europe sees further climb in gas prices in February, amid record storage withdrawals
European gas prices rose by 5% in February, reaching an average of $542 per 1,000 cubic metres, driven by record-high storage withdrawals and reduced wind power generation.
Venezuela naval vessels enter disputed Guyana waters near ExxonMobil site
Venezuela's coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, Guyana's President Irfaan Ali has announced.
Iran has "technical capacity" to produce nuclear weapons, says official
An Iranian MP has said that Iran possesses the technical capacity to produce nuclear weapons, stating that only its "will" has stopped it from do so.
OPINION: The EU must bet on nuclear
For Central and Eastern Europe, over reliance on renewable energy for the green transition will compound the already significant challenge of shifting away from a predominantly coal and natural gas based energy network.
South African-Swedish JV plans to build $2.9bn floating wind farm off KwaZulu-Natal coast
GenesisHexicon, a South African-Swedish joint venture (JV), is planning to build a huge floating wind farm off the coast of Richards Bay, in KwaZulu-Natal province of South Africa.
Leaked documents reportedly show multi-billion-dollar loss for Iran in gas deal
Confidential financial reports recently made public indicate that a 2001 gas export deal between Iran and UAE-based Crescent Petroleum has inflicted billions of dollars in losses on Iran.
UAE’s ADNOC signs LNG supply deal with Osaka Gas
ADNOC has announced the signing of a deal to supply up to 0.8mn tpy of LNG to Japanese utility Osaka Gas.
Russian gas production falls 3.1% in January
Russian natural gas production fell by 3.1% year on year to 64.8bn cubic metres in January 2025, marking the first annual decline in a month since mid-2023.
AI consuming more electricity than Kyrgyzstan, conference hears
"Voracious" power appetite of algorithms risks turning humans into "energy slaves", digital forum told.
PANNIER: China’s big push into Uzbekistan
Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.
State financing of Paks NPP expansion in jeopardy after CJEU advisor sides with Austria
The European Union Court of Justice may overturn a previous ruling that upheld the European Commission’s approval of Hungary’s state aid for the expansion of the Paks nuclear power plant.
Rail link to supercharge Mongolia’s coal exports to China
Mongolian trade minister tells bne IntelliNews the mega-project is a “game-changer” due to his country’s historic reliance on trucking.
US shows interest in bolstering ties with Central Asian states
Washington interested in widening access to region’s mineral wealth.
Iraq and Switzerland sign tax treaty to boost economic cooperation
Iraq and the Swiss Confederation have signed a double taxation avoidance agreement to strengthen economic cooperation between the two countries.
Colombia's Ecopetrol expands gas imports amid domestic shortfall
Colombia's state-controlled oil company, Ecopetrol, is accelerating plans to import gas as the Latin American country faces declining reserves and rising domestic shortages.
Consortium to construct $7bn petchem complex in Egypt
UK-based wealth and asset manager Shard Capital Partners revealed on February 21 that a proposed $7bn petrochemical complex in Egypt’s New Alamein City was expected to produce 3.1mn tonnes per year of eight specialised products.
Trump axes Venezuela oil licences in blow to Chevron
US President Donald Trump has announced the revocation of licences granted by the Biden administration that allowed US oil companies to operate in Venezuela despite crippling sanctions on the country, a move that particularly affects Chevron.
Russia and China remain rivals in the Arctic, and now the US is knocking at the door
Russia and China’s “no limits” partnership has strengthened considerably over the past three years. They have been driven together by the geopolitical clash between East and West. But there is one place they remain rivals: the Arctic.
Almost 18,000 species are engangered by Climate Crisis – Statista
In 2024, the number of threatened species identified by the International Union for Conservation of Nature and Natural Resources stood at almost 18,000.
Iran to continue ‘maximum patience’ approach, holding out hope for fair US negotiations
Kamal Kharrazi, head of Iran's Strategic Council on Foreign Relations, says conditions are not currently suitable for negotiations with the US.
Oil and gas explorer Custos Energy announces discoveries at Mopane-3X in PEL 83 offshore Namibia
Namibian independent oil and gas explorer Custos Energy has released an update on the second exploration and appraisal campaign on blocks 2813A and 2814B located in Namibia’s highly prospective Orange Basin.
Namibia's Langer Heinrich Mine produced 1.3mn pounds of uranium in second half of 2024
KSE: Most of Russia’s shadow fleet operates outside Western insurance system
Tankers carrying Russian oil are significantly less likely to have IG P&I insurance, finds a new KSE Institute report.
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