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Global Energy Supplies

OPEC+ postpones plans to increase production over supply unease

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC+, decided on December 5 to delay its planned...

Facing mounting challenges, new EU Commission takes office

Amidst global geopolitical turmoil, the European Commission of Ursula von der Leyen officially took office on December 1 with the President pledging that over...

COP29: Multilateral diplomatic stalemate circumvented

COP29 in Baku ended in the early hours of November 24, reaching a compromise deal on finance that will advance the global climate agenda...

U.S. expands sanctions on Iranian petroleum sector, targeting “ghost fleet”

In the aftermath of Iran’s unprecedented October 1 ballistic missile attack against Israel, Washington made it clear that Iran would face consequences for its...

Eyeing competitors, OPEC+ countries will keep cutting oil production

Several OPEC+ countries are extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting what they are labeling "the stability and...

Record-high American LNG exports reinforce EU energy security drive

US liquefied natural gas, or LNG, exports reportedly hit monthly and annual record highs in December, positioning the United States to potentially become the...

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