Chinese president Xi Jinping said that China’s path as the first country to develop wind and solar power has proven to be forward-looking. (EPA Images pic) BEIJING: Chinese president Xi Jinping has called for accelerated planning and construction of a new energy system to safeguard the country’s energy security, weeks into the Iran war that…
Iran’s paralysis of the Strait of Hormuz has continued to upend global oil and gas markets as the United States-Israeli war on the country enters its second month. After US President Donald Trump pledged to continue aggressive strikes on Iran for another two to three weeks in a speech on Wednesday night, oil prices surged…
During the United States-Israeli war on Iran, Tehran has said the Strait of Hormuz is open to all except the US and its allies. One-fifth of the world’s oil shipments transit through the strait. On March 2, Ebrahim Jabari, a senior adviser to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that the…
When Gary Dirks arrived in China in 1995, the country’s government was looking to source more of its energy at home. Dirks was the incoming country head for BP, but efforts to find more oil and gas in the country had largely fizzled. So government leaders pivoted, Dirks said. China invested heavily in its domestic…
Rotterdam hopper dredger vessel operated by Van Oord sits anchored, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 9, 2026. Benoit Tessier | Reuters Iran has continued to send large amounts of crude oil via the Strait of Hormuz to China even as the…
US President Donald Trump sees Greenland as a United States national security priority to deter Washington’s “adversaries in the Arctic region”, according to a White House statement released on Tuesday. The statement came days after Trump told reporters that the US needs Greenland from a national security perspective because it is “covered with Russian and…
A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard, days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea on Dec. 20, 2025. Department Of Homeland Security | Via Reuters The escalating…
The Valera vessel, which loaded a shipment from Gazprom PJSC’s Portovaya facility on the Baltic Sea, arrived at the Beihai import terminal in China today. (Gazprom pic) MOSCOW: A Russian liquefied natural gas (LNG) export facility delivered its first shipment to China since being sanctioned by the US in January, the latest sign of increased…
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025. Brendan Smialowski…
By Jeff Mason and Nandita Bose WASHINGTON (Reuters) -The United States has granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas, a White House official said on Friday, after Hungarian Prime Minister Viktor Orban pressed his case for a reprieve during a friendly meeting with President Donald Trump in Washington….