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RUSSIA FOSSIL FUEL
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...- India outlines energy storage, nuclear targets at BRICS meetBRICS nations are prioritizing energy security, advocating for diverse and stable energy systems. Ministers met in New Delhi to boost coope...
- ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...
- Is the Iran war just an energy shock - or a turning point?A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a ...
- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
- Iran war puts Bangladesh’s nascent industrial dreams at riskBangladesh's economic growth is threatened by an energy shortage, leaving new industrial facilities idle. The country faces painful impacts...
- Strategic sectors driving the next stage of India–Russia economic cooperationIndia and Russia are forging new paths in economic partnership. Key areas include energy cooperation, trade, industrial ventures, and criti...
- Putin in China: Lip-smacking dinner menu for Russian President with Xi Jinping is gastronomic delightVladimir Putin is visiting China just days after Donald Trump left the Chinese capital. Xi Jinping and Putin -- who have met dozens of time...
- G7 finance ministers vow cooperation to face 'heightened risks'Global economic leaders met in Paris to tackle instability caused by the Middle East war. They pledged cooperation to manage challenges lik...
- Putin to visit China May 19-20 after Trump tripRussian President Vladimir Putin will visit China on May 19 to discuss strengthening bilateral ties and strategic cooperation with Presiden...
- Fossil fuels no longer offer security. Clean energy canWhile historical energy crises spurred renewable adoption, current economic conditions like inflation and high interest rates pose investme...
- "Geopolitical Earthquake": UAE quits OPEC to defy Saudi energy dominance, says analysisThe UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a "political rebellion" prioritizing market...
- How Asia-Pacific is fighting a fuel shock that could get worseAsian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly...
- Things you need to know about oil prices: Energy crisis 2026 pushes fuel costs higher and triggers global inflationOil prices are rising in 2026 due to global tensions and supply issues. Fuel and energy are becoming costly for people and businesses. This...
- Iran conflict exposes limits of energy transition, pushes world back to oil, gas and nuclearRecent global events, particularly the Iran conflict, have highlighted the continued reliance on hydrocarbons, pushing back EV targets and ...
- Welcome to the age of energy shocks: The unsettling future view that Iran's Hormuz playbook showsIran war: In today’s rapidly evolving energy scene, crises have become the new norm, frequently disrupting oil and gas supply chains. The g...
- Iran war exposes cost of Asia's fossil fuel relianceThe latest global energy shock highlights the risks of fuel import dependence, with Bangladesh hit hard by soaring LNG costs after supply d...
- Russia earned €242 billion from fossil fuel exports in third year of Ukraine war, despite sanctions: ReportSanctions have been slapped on Russian oil and gas supplies since it invaded Ukraine in 2022. But the country has managed to transport foss...
- Russia's €158 billion in fossil fuel revenues outstrip cost of Ukraine invasion: CREAThe largest Russian fossil fuel importer was the European Union (EUR 85 bln), followed by China (EUR 35 bln), Turkey (EUR 11 bln), India (E...
- Russia earns $98 billion from fuel exports in 100 days of Ukraine warEarlier this month, the EU agreed to halt most Russian oil imports, on which the continent is heavily dependent. Though the bloc aims to re...
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