Tensions are rising between Canada and the U.S. after President-elect Donald Trump threatened to impose steep tariffs on Canadian goods. Now, a top official in Canada, Doug Ford, the Premier of Ontario, is warning that Canada might retaliate by shutting down its energy exports to the United States. Ford has
Russia’s state-owned energy giant Rosneft has struck a massive deal with India’s private oil refiner Reliance Industries. This agreement, worth an eye-popping $13 billion annually, will see Rosneft supplying nearly 500,000 barrels of crude oil every single day to Reliance, making it the biggest oil deal ever between the two
Europe has long been a leader in wind power, with countries like Denmark and Sweden at the forefront of building offshore wind farms. These wind farms are crucial for cutting down on the use of fossil fuels, and helping the planet stay green. But now, these countries are facing unexpected
In the past few years, India has become one of the biggest buyers of Russian oil. This started when the West imposed sanctions on Russia after the invasion of Ukraine in 2022. With Western companies pulling out, Russia needed a new market for its oil, and India stepped in. But
The Arctic, a vast and mysterious icy region at the top of the world, is becoming one of the most important areas on Earth. Why? Because beneath its frozen landscape lie enormous amounts of untapped resources—oil, gas, and marine life. It’s also opening up as a strategic hotspot where the
Imagine a country that used to rely heavily on oil for its income, suddenly transforming into a powerhouse of self-sufficiency and innovation. That’s exactly what Algeria is doing under President Abdelmadjid Tebboune. This North African nation is on a mission to rewrite its economic story—and it’s already making waves. A
This year, leaders from all over the world met in Baku, Azerbaijan, for the 2024 United Nations Climate Change Conference, known as COP29. Every year, these conferences promise big changes to fight climate change, but history shows us that they often end with more talk than action. As rich countries
The United States recently took a big step by imposing heavy sanctions on Russia’s Gazprombank, which is a major player in handling gas payments from Russia. These new sanctions are part of a larger effort by the US to pressure Russia, but Hungary’s Foreign Minister, Peter Szijjarto, says these actions
An American businessman, Stephen Lynch, who previously worked closely with Rosneft, Russia’s state oil company, is aiming to buy a Swiss company that controls Russia’s controversial Nord Stream 2 natural gas pipeline, according to U.S. Treasury and other documents obtained by The Washington Post. Lynch’s proposal could pave the way
