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
China is building huge hydropower dams in Tibet, high up in the mountains where the Yellow River (known as Machu in Tibet) starts. However, these massive projects have raised serious concerns. Scientists and environmental experts worry that these dams could cause dangerous disasters and hurt the environment in ways we
Two months ago, Nigeria took a big step toward fixing its troubled energy sector. For the first time in decades, Africa’s largest oil producer is refining its own crude oil at home. This was made possible by the Dangote Oil Refinery, a massive $20 billion facility owned by Aliko Dangote,
Indian billionaire Gautam Adani, one of the world’s wealthiest men, just announced a huge investment plan in the United States that’s sparking attention worldwide. Adani, known for his energy and infrastructure empire, says he’ll pump $10 billion into US energy and infrastructure projects, a move that he claims will create
