The United Kingdom has rapidly developed its wind energy sector over the last two decades to become one of the biggest wind power producers worldwide. As the government aims to accelerate the green transition through greater investment in renewable energies and upgrading the national grid, the U.K.’s wind sector is expected to continue growing substantially in the coming decades. Meanwhile, recent studies suggest that the deployment of more wind power has helped significantly reduce consumer energy bills. There is approximately 15.7 GW of…

Asia has been the driver of global demand for liquefied natural gas for years now, with its fast-growing economies guzzling energy at elevated rates. This year, however, has seen this change. Asian demand for LNG is weakening—but Europe’s is on a substantial rise, more than offsetting Asia’s weakness, despite plans to reduce consumption of all hydrocarbons. LNG imports to Asia last month stood at 22.84 million tons, Kpler data, cited by Reuters’ Clyde Russell, showed. This was a slight increase from September but palpably…

Tory leader Kemi Badenoch has declared an oil and gas “emergency” in the North East of Scotland as she pushes the Labour government to overturn its ban on new oil and gas licenses.  Badenoch has pledged to “get Britain drilling again” in a new campaign in partnership with the Scottish Conservatives. The announcement marks the Conservative leader’s growing focus on oil and gas, splitting from previous party leaders who were more critical of fossil fuels. Badenoch, who is currently in Aberdeen, has called on Chancellor…

One of Europe’s automotive manufacturing powerhouses, Slovakia, has been hit hard by tariffs and increased competition, which are threatening its role in the global auto market. Since the creation of the Bratislava Automobile Works (BAZ) in the 1970s, Slovakia has gradually developed its reputation as a major automotive manufacturer. It now produces the highest number of cars per capita each year, with an annual output of over one million vehicles. Slovakia became known as “Europe’s Detroit,” attracting automakers such as…

The United States-Mexico-Canada Agreement (USMCA) is up for review in 2026, and the resulting policy outcome could have transformational importance for global energy markets and value chains. Even though it would seem that the United States, Mexico, and Canada are in an era of increasing political tension and division, the common strategic priorities of the North American bloc far overshadow the divergences and competing interests. Strengthening energy trade and mutual support to ramp up energy production and localized energy and manufacturing…

Advanced air mobility (AAM) may no longer be a pipedream, as several cities around the globe are conducting pilot projects in the hope of launching commercial operations over the next decade. Innovations in AAM could lead to the launch of air taxi services in several spots worldwide, helping commuters to avoid traffic and get to their destinations faster. Electric vertical take-off and landing (eVTOL) vehicles rely on electric propulsion, powered by electric motors that allow them to take off and land vertically, reducing the urban space needed…

Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak in the early 2030s at around 107 million barrels per day (bpd), remaining above 100 million bpd through the 2040s before gradually declining to about 75 million bpd by 2050. Non-OPEC+…

A joint green-energy project involving Azerbaijan and Georgia has cleared an initial European hurdle, and its blueprint for exporting electricity from the Caspian Basin to the EU will now undergo a cost-benefit analysis. The European Network of Transmission System Operators for Electricity (ENTSO-E) opted to include the project, known as the Black Sea Green Energy Corridor, in a group of infrastructure projects under consideration within the framework of a Ten-Year Network Development Plan (TYNDP 2026). “Over the course of 2026, all projects…

President Donald Trump told Hungarian Prime Minister Viktor Orbán on Friday that the U.S. is “looking at” exempting Hungary from sanctions targeting Russian oil a move that chips away at one of the few symbolic levers the U.S. still maintains over Russia’s energy exports while signaling flexibility toward an ally that’s long played both sides of the energy chessboard. The exemption talk comes just as Ukraine’s President Volodymyr Zelenskyy vowed to halt Russian oil shipments to Hungary through the Druzhba pipeline,…

Petrobras is closing out 2025 on a high note, preparing to launch yet another floating production unit at the massive Búzios oil field after setting multiple output records and raising shareholder payouts. The company has confirmed that the P-78 FPSO will begin producing in December, adding up to 180,000 barrels per day of new capacity at what is now the world’s largest producing oil field. The vessel arrived off Rio de Janeiro in late September and marks Petrobras’ latest step in an aggressive pre-salt expansion drive that continues…

Petrobras is closing out 2025 on a high note, preparing to launch yet another floating production unit at the massive Búzios oil field after setting multiple output records and raising shareholder payouts. The company has confirmed that the P-78 FPSO will begin producing in December, adding up to 180,000 barrels per day of new capacity at what is now the world’s largest producing oil field. The vessel arrived off Rio de Janeiro in late September and marks Petrobras’ latest step in an aggressive pre-salt expansion drive that continues…

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 548 this week, according to Baker Hughes, down 37 from this same time last year.  The number of active oil rigs stayed the same in the reporting period, according to the data, at 414. Year over year, this represents a 65-rig decline. The number of gas rigs rose by 3 to 128, which is 26 more than this time last year. The miscellaneous rig count fell by…

U.S. electric utility giant Duke Energy (NYSE: DUK) posted consensus-beating earnings for the third quarter as rates and retail sales volumes increased.  Duke Energy on Friday reported adjusted earnings per share (EPS) of $1.81 for the third quarter, up by 11% from the same period a year earlier.  The earnings also beat the analyst consensus estimate of $1.75 per share.   The higher earnings for the third quarter “were driven by the implementation of new rates and riders, along with higher retail sales volumes,”…

The global market for automotive semiconductors is projected to reach a valuation of $133.05 billion by 2030, expanding significantly from an estimated $77.42 billion in 2025, according to a new report published by market research firm MarketsandMarkets. The analysis indicates a Compound Annual Growth Rate (CAGR) of 11.4% between 2025 and 2030, a rate attributed primarily to the accelerated adoption of electric vehicles and the increasing integration of Advanced Driver-Assistance Systems (ADAS). The report highlights that semiconductors are foundational…

Japan will gradually increase fuel subsidies for households until it scraps the gasoline and diesel taxes at the end of this year and in April next year, with subsidies intended to avoid consumers waiting until 2026 to fill up with cheaper fuel.  Japan’s ruling and opposition parties last week agreed to scrap the gasoline tax surcharge at the end of the year and the diesel tax in April next year, as a way to alleviate the cost of living for households amid surging fuel prices.  Japan’s fuel tax was introduced in the 1970s…

Oil market sentiment is decidedly bearish at the moment, but Trump's threats around Venezuela mean there is plenty of potential for volatility in the near future.Friday, October 24, 2025Tacitly anticipating Trump’s next moves on Venezuela, the oil markets have been trending sideways as ICE Brent continues to hover around $64 per barrel. Barring any upcoming moves in the Caribbean, the sentiment is tilting towards the bearish side. Now that the US government shutdown is actively impacting jet fuel consumption across the country, geopolitical…

Venezuela’s Barrels in the Balance as Trump Turns Up the Heat As the US Senate voted down a motion that would have required President Trump to get congressional approval for any military attack on Venezuela, the oil markets are now bracing for a new geopolitical risk premium to kick in soon. Any potential US attack on Caracas would have a short-term bullish impact on oil as the return of Chevron to Venezuela has allowed PDVSA to stage a minor production rebound to 1 million b/d in recent years. Venezuela reported crude production of 1.097…

Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as the U.S. sanctions on Russia’s top oil producers and exporters have upended India’s crude purchases in recent weeks.   Earlier this week the Fortis tanker, sanctioned by the UK and the EU, took about 720,000 barrels of Russia’s Urals crude from another sanctioned vessel, the Ailana, off the coast of Mumbai, according to tanker-tracking data compiled…

Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as the U.S. sanctions on Russia’s top oil producers and exporters have upended India’s crude purchases in recent weeks.   Earlier this week the Fortis tanker, sanctioned by the UK and the EU, took about 720,000 barrels of Russia’s Urals crude from another sanctioned vessel, the Ailana, off the coast of Mumbai, according to tanker-tracking data compiled…

There will be plenty of warmth on display as US President Donald Trump welcomes Hungarian Prime Minister Viktor Orban at the White House on November 7, but alongside the strong personal chemistry there will be a full plate of issues as they sit down to lunch. Long united by ideology and words, the two leaders are on opposite sides of the policy fence when it comes to imports of Russian oil. Meanwhile, plans for Orban to host Trump and Russian President Vladimir Putin at a summit in Budapest have been placed very much on the back burner. An exemption…