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The European Commission is investigating a gas supply deal between Bulgaria and Turkey for potential antitrust violations, raising concerns over its profitability and impact on Bulgaria's energy interests.
Chinese digital yuan has been used in its first cross-border oil deal for 1 million barrels on the Shanghai Petroleum and Natural Gas Exchange (SHPGX) from PetroChina International Corp Ltd.
The U.S. Department of Energy has said that it wants to buy 6 million barrels of crude oil for the SPR when oil prices hit $79.
China's Belt and Road Initiative has generated $1.01 trillion in investment and construction projects across 148 countries, with a significant focus on the energy sector.
A report from the Royal United Services Institute (RUSI) reveals evidence of North Korea secretly shipping munitions to Russia, potentially aiding Moscow's war effort in Ukraine.