The Uzbek government is authorizing measures to diversify trade routes that bypass Russia. A decree issued by Uzbek President Shavkat Mirziyoyev sketches a five-year improvement plan to facilitate commerce via the Middle Corridor, an emerging network connecting China to Europe via the Caspian Sea corridor. The areas covered by the decree include expanding trade routes,...Continue Reading

Italy’s Largest Bank Takes First Step into Bitcoin with $1 Million Purchase | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 16, 2025, 12:00 PM CST Intesa Sanpaolo, Italy’s largest bank, purchased $1 million worth of Bitcoin as an “experiment.” The bank...Continue Reading

EU Considering Lifting Sanctions On Syrian Oil & Gas | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 16, 2025, 11:30 AM CST The European Union is considering lifting wide-ranging sanctions on Syria, including restrictions on the country’s oil and gas sector following the ouster...Continue Reading

A tanker carrying Russian crude discharged at a port operated by Shandong Port Group in east China on Thursday after the Biden administration slapped fresh sanctions on Russian energy, Reuters has reported. The tanker was the first to be hit by the sanctions, which include a grace period exempting cargoes loaded before Jan. 10 and...Continue Reading

TotalEnergies Expects Better LNG Trading in Q4 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 16, 2025, 10:30 AM CST TotalEnergies expects its fourth-quarter results to have benefited from higher LNG production and prices and stronger gas trading, the French energy group said on...Continue Reading

Masdar, the clean energy giant of the United Arab Emirates (UAE), is entering the Philippines with a deal worth $15 billion in total investments to develop up to 1 gigawatt (GW) of solar, wind, and battery energy storage systems (BESS) by 2030. Masdar will aim to scale this capacity to up to 10 GW within...Continue Reading

Biden Administration Offers $23 Billion Conditional Loans to Utilities | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 16, 2025, 9:30 AM CST The Loan Programs Office of the U.S. Department of Energy on Thursday announced $23 billion worth of funding support to several utilities...Continue Reading

Turkey Confirms Attempted Attack on TurkStream Pipeline | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 16, 2025, 9:00 AM CST Russia’s Foreign Minister Sergey Lavrov accused the US of encouraging Ukraine to attack the TurkStream pipeline, the sole remaining route for...Continue Reading

China Extends Its Lead Over India as the World’s Biggest Importer of Coal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 16, 2025, 8:30 AM CST The world’s biggest...Continue Reading

BP to Cut Thousands of Jobs to Reduce Costs | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 16, 2025, 7:15 AM CST BP plans to eliminate some 4,700 jobs...Continue Reading