Tsvetana Paraskova

HSBC has updated its Net Zero Transition Plan, easing its 2030 emission reduction targets for its oil and gas portfolio, while pledging a materially lower share of oil and gas financing relative to its total energy capital allocation.

The oil market is bracing for a significant oversupply due to surging supply, subdued demand, and US sanctions on Russian producers, leading to varying estimates of the glut's size and a pause in OPEC+ output hikes.

U.S. sanctions on Russia and Iran have led to an unprecedented volume of crude oil stored in tankers, signaling a potential market glut despite low on-land inventories.

China's accelerated crude oil stockpiling in 2025 provides a significant buffer against global supply disruptions, particularly in the wake of U.S. sanctions on Russian oil firms, and has supported international oil prices.

BP reported stronger-than-expected earnings for the third quarter of 2025, driven by higher output, field start-ups, and improved refining margins, despite weaker oil prices.

Eni and Petronas have formed an equally-owned joint venture to combine their upstream assets in Indonesia and Malaysia, planning a $15 billion investment over five years to develop 3 billion barrels of oil equivalent and target 10 billion boe of unrisked exploration potential.

ExxonMobil's CEO warns the company may be forced to leave Europe if the EU does not ease its stringent Corporate Sustainability Due Diligence Directive, which imposes penalties for non-compliance.

Despite weaker crude prices and a looming supply glut, major oil companies are significantly increasing production, betting on long-term demand and investing heavily in new oil and gas developments.

Despite weaker crude prices and a looming supply glut, major oil companies are significantly increasing production, betting on long-term demand and investing heavily in new oil and gas developments.

India's biggest state-held refiner, Indian Oil Corporation, has acquired non-sanctioned Russian crude while also seeking to replace lost Russian supply with barrels from the Americas due to US sanctions on Russia's top producers.

TotalEnergies reported stable third-quarter earnings, driven by increased production, strong cash flow, and improved refining margins, despite a decline in oil prices.

Equinor’s third-quarter earnings fell short as weaker oil prices offset record production growth and strong gas performance in the U.S.

While surging LNG exports are perfectly in line with the Trump Administration’s “energy dominance” agenda, soaring feedgas demand is putting upward pressure on residential gas prices in the United States.

Woodside Energy raised its 2025 production outlook and lowered cost guidance on the back of strong asset performance, sending its shares higher.

The United States and India are reportedly close to a trade deal that would significantly cut US tariffs on Indian imports, potentially in exchange for India reducing its Russian oil purchases.

The two BRICS nations signed new agreements in agriculture, renewable energy, infrastructure, and innovation.

The $44-billion Alaska LNG project is nearing completion of a critical engineering and cost study, marking a key step toward launching an 800-mile pipeline to export U.S. gas to Asia.

India's top private refiner, Reliance Industries, is increasing crude oil purchases from the Middle East due to uncertainty surrounding Russian oil flows and pressure from the U.S.

Spanish gas demand for electricity production surged by nearly 37% after Europe's worst blackout, highlighting the need for stable grids amidst booming renewable energy.

Since March, China has been adding close to 1 million barrels per day to its reserves.