Oil

Hungary blocks €90 billion loan for Ukraine amid Russian oil pipeline dispute

Hungary has moved to block a €90 billion European Union loan package for Ukraine, escalating a dispute over disrupted Russian oil supplies.

US imposes sweeping sanctions on Russian oil giants Rosneft and Lukoil, Trump cancels Putin summit

The United States has unveiled its most substantial economic measures against Russia since President Donald Trump returned to office in January, targeting the country's two largest oil companies, Rosneft and Lukoil.

Massive explosion at Iran’s Bandar Abbas port kills several, injures hundreds

A massive explosion and fire ripped through Iran’s largest commercial port, Shahid Rajaee in Bandar Abbas, on Saturday, leaving at least eight people dead and over 700 injured.

Turkiye and Pakistan usher in strategic Energy Alliance with Offshore Oil and Gas deal

Türkiye and Pakistan have signed a milestone agreement to jointly pursue offshore oil and gas exploration in Pakistani waters, marking a significant step in expanding Ankara’s global energy footprint and strengthening bilateral cooperation between the two allied nations. The accord...
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Palestinians in Gaza welcome third Ramadan amid grief, displacement and fragile ceasefire

As more than 1.5 billion Muslims worldwide observe Ramadan, Palestinians in Gaza are striving to find small moments of joy this holy month amid destruction, displacement, grief, scarcity, and fragile peace.
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