US Secretary of State Marco Rubio stated before the Senate Foreign Relations Committee that the United States intends to restate full sanctions against Russian oil and end current exemptions "as…
AlessandroJune 3, 2026
The G7 and European Union price cap mechanism targets Russia's maritime fossil fuel revenues. It operates through maritime services rather than outright trade bans.The Core Mechanism: Western shipping companies, maritime…
AlessandroJune 2, 2026
Universal or official policy announcement has been made by the Russian government mandating that all future oil and gas deals with Europe must be priced in Russian Rubles and Chinese…
AlessandroJune 1, 2026
The ongoing Middle East crisis will not cause the global shipping industry to completely run out of bunkers. However, ship owners and charterers will have to adjust to prolonged periods…
AlessandroJune 1, 2026
the Nigerian government has approved a massive $10.3-billion investment led by Italian energy giant Eni to develop two long-stalled deepwater projects in the Niger Delta.This approval is seen as a…
AlessandroMay 21, 2026
Algeria is actively pushing to expand its oil and gas sector, launching new licensing rounds and securing international partnerships to boost production amid high global demand.Algeria has launched the "Algeria…
AlessandroMay 12, 2026
Europe’s renewable energy projects paired with battery storage are set for rapid growth, with installed capacity expected to rise from 6 GW in 2025 to as much as 35 GW…
AlessandroMay 11, 2026
Namibia is projected to produce 400,000 to 500,000 barrels per day (bpd) of oil by the mid-2030s, fueled by massive offshore discoveries in the Orange Basin. Experts suggest this volume…
AlessandroMay 8, 2026
Mercuria Energy Group has reached a $1 billion investment milestone for 2026 newbuilding contracts.The latest phase of this "spree" includes orders for two Very Large Crude Carriers (VLCCs) and a…
AlessandroMay 7, 2026