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US Treasury chief says China talks could cover Iran, Russia oil buys
Washington (AFP) July 21, 2025 The next round of US-China talks could include Chinese purchases of Russian and Iranian oil, US Treasury Secretary Scott Bessent said Monday, a move that would shift the focus of trade negotiations into national security issues. US President Donald Trump has imposed fresh tariffs on allies and competitors alike this year, and Washington and Beijing in April rapidly hiked duties on each other's goods in a tit-for-tat escalation. But after high level talks in Geneva and London, the world's two big ... read more |
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Top court takes aim at fossil fuels in sweeping rulingParis (AFP) July 24, 2025 An historic climate ruling by the world's highest court could make it legally riskier for fossil fuel companies to do business and embolden lawsuits against oil and gas expansion, experts say. ... more 
U.N. report cites 'flagrant' violations by Russia and North KoreaWashington DC (UPI) Jul 17, 2025 Russian and North Korean officials violated U.N. resolutions regarding arms, troops and refined petroleum shipments throughout 2024 and beyond, a U.N. report says. ... more 
Baghdad and Arbil agree to resume Kurdish oil exports: governmentBaghdad (AFP) July 17, 2025 The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after a more than two-year halt and amid drone attacks on oil fields. ... more 
Drone hits oil field in Iraq's Kurdistan for second dayArbil, Iraq (AFP) July 17, 2025 A drone loaded with explosives struck an oil field in Iraq's northern Kurdistan region on Thursday, Kurdish forces said - the second attack in two days on the Norwegian-operated site. ... more |
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Pioneering membrane-free electrolysis to unlock industrial scale green hydrogenParis, France (SPX) Jul 08, 2025 A recent review in Nature Reviews Clean Technology outlines, for the first time, a scalable roadmap for decoupled water electrolysis (DWE) technologies aimed at producing green hydrogen at industria ... more 
OPEC+ to boost crude oil production in AugustWashington DC (UPI) Jul 5, 2025 Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August. ... more 
Ecuador suspends oil exports after pipeline shutdownQuito (AFP) July 4, 2025 Ecuador has suspended its oil exports after shutting down its two main pipelines due to damage from torrential rains in the Amazon region, the chief of state oil company Petroecuador said Thursday. ... more 
Drilling for water in Venezuela's parched oil townMaracaibo, Venezuela (AFP) June 28, 2025 In Venezuela's oil capital of Maracaibo, a drilling frenzy has led to dozens of new wells - but the valuable liquid being pumped out is just water, not petroleum. ... more 
Trump says China can continue to buy Iranian oilAboard Air Force One (AFP) June 24, 2025 China can continue to buy Iranian oil, US President Donald Trump said Tuesday in what appeared to be relief for Tehran from sanctions Washington has previously imposed to punish the trade. ... more |
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Blackout at refinery highlights Venezuela's oil industry crisis
Washington DC (UPI) Jun 25, 2025 The Cardon refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage halted all operations. State oil company PDVSA tried to resolve the issue by transferring equipment from the nearby Amuay refinery. ... read more 
Britain, U.S. warn Iran against Strait of Hormuz blockadeWashington DC (UPI) Jun 23, 2025 Britain cautioned Iran Monday that attempts to block the Strait of Hormuz or to strike at American military facilities in the Middle East could lead to escalation, even as Israel continued its strikes on Iran. ... more |
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US urges China to keep Iran from shutting key trade route Washington (AFP) June 23, 2025 US Secretary of State Marco Rubio urged China Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. ... more 
Asian countries most vulnerable to Strait of Hormuz blockadeTokyo (AFP) June 23, 2025 Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites. ... more 
Nigerian monarch wants $12 bn for clean-up before Shell exitLagos (AFP) June 20, 2025 An influential traditional chief in Nigeria's oil-rich Niger Delta on Friday demanded that Shell pay $12 billion for environmental pollution before it leaves the region. ... more 
Greenpeace warns of 'potential disaster' after oil spill off UAEBeirut, Lebanon (AFP) June 19, 2025 Greenpeace on Thursday warned that an oil spill resulting from a tanker collision off the coast of the United Arab Emirates could have grave environmental consequences, after authorities reported a "small" slick. ... more 
Brazil sells rights to oil blocks near Amazon river mouthRio De Janeiro, Brazil (AFP) June 17, 2025 Brazil sold extraction rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at an auction slammed by environmentalists months before the country is to host a UN climate summit. ... more |
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