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David Manzor, head of Iran's Budget and Planning Organization, revealed that the government met only 70% of its projected revenues due to lagging oil exports, indicating a major budget deficit.
Porsche reports significant sales and profit increases due to the success of the Cayenne and electric Taycan models, despite broader economic challenges.
At the Singapore International Energy Week, experts are emphasizing the need for an increased rate of nuclear power reactor construction worldwide to meet net-zero emissions goals by 2050.
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.