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OPEC Shifts Oil Outlook to See Small Surplus in 2026

Πεμ, 13 Νοεμβρίου 2025 - 19:45

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier projections of a deficit

Romania Must Take Control of Local Lukoil Unit - Energy Min

Τετ, 12 Νοεμβρίου 2025 - 14:25

Romania must take control of the local unit of Russia's Lukoil in order to ensure the stability of the national energy system, protect 5,000 jobs, and guarantee the full implementation of U.S. sanctions on the Russian oil company, Romanian energy minister Bogdan Ivan said

World Oil and Gas Demand Could Grow Until 2050, IEA Says

Τετ, 12 Νοεμβρίου 2025 - 14:22

Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals

Lukoil Declares Force Majeure in Iraq Over US Sanctions, Sources Say

Τρι, 11 Νοεμβρίου 2025 - 10:01

Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company's international operations buckled under the strain of U.S. sanctions

Bulgaria Steps Up Security at Lukoil Refinery Ahead of Planned State Takeover

Τρι, 11 Νοεμβρίου 2025 - 09:49

Bulgarian authorities are conducting inspections and implementing security measures at Russian oil major Lukoil's Burgas oil refinery to preserve critical infrastructure, Prime Minister Rosen Zhelyazkov said on Monday, as the government prepares to seize control of the site

Greece, US Ink 20-Year LNG Contract

Δευ, 10 Νοεμβρίου 2025 - 07:58

Greece’s DEPA and construction group Aktor signed a 20-year contract through their joint company, Atlantic-See LNG Trade, with US energy firm Venture Global for the supply of up to 4 billion cubic meters of liquefied natural gas (LNG) annually, valued at €25 billion at current prices. The agreement, signed during the 6th Transatlantic Energy Cooperation Summit in Athens, takes effect January 1, 2030

EU Must Protect Car Industry from Chinese Rivals, Commissioner Says

Δευ, 10 Νοεμβρίου 2025 - 07:52

The European Union needs to defend its car industry from Chinese competition, including a reassessment of its 2035 zero-emission target for new cars and vans, the bloc's industry chief said in an interview published on Friday

Diplomats Worry Over Possible Disruption by an Absent US at the COP30 Climate Summit

Παρ, 7 Νοεμβρίου 2025 - 20:13

Governments heading to the U.N. COP30 climate summit in Brazil are bracing for the possibility that the Trump administration may seek to disrupt negotiations at the event - even without any U.S. officials showing up

Mitsotakis at P-TEC: Greece is an Energy Provider and Contributes to Energy Security in Europe

Παρ, 7 Νοεμβρίου 2025 - 16:47

"It is truly a great pleasure for me to be in front of this amazing audience," Prime Minister Kyriakos Mitsotakis said on Friday at the 6th Partnership for Transatlantic Energy Cooperation (P-TEC) Summit held at the Zappeion Mansion, speaking of a "great opportunity to further strengthen the transatlantic alliance in the field of energy"

Exxon Enters Greece with Gas Deal that Expands US Footprint in Eastern Med

Παρ, 7 Νοεμβρίου 2025 - 16:41

Exxon Mobil has signed a deal to explore for natural gas offshore Greece, increasing the U.S. presence in the eastern Mediterranean just as the Trump administration seeks to replace Russian energy flows into Europe

Portugal's EDP to Invest $14 Billion in 2026-28, Focuses on U.S. Growth

Πεμ, 6 Νοεμβρίου 2025 - 11:19

Portugal's largest utility, EDP, plans to invest 12 billion euros ($13.99 billion) between 2026 and 2028, mainly to expand its renewable capacity with a focus on the United States, the company said on Thursday

NIS' Russian Owners Looking for Partners in Bid to Lift U.S. Sanctions - Vucic

Πεμ, 6 Νοεμβρίου 2025 - 11:15

The Russian owners of Serbia's U.S.-sanctioned oil and gas firm NIS are looking for partners for the company in a bid for the restrictions to be lifted, Serbia's president Aleksandar Vucic said on Wednesday

BP Profit Beats Expectations, But No News on Castrol Sale

Τετ, 5 Νοεμβρίου 2025 - 08:06

Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale