TotalEnergies and global investment firm KKR have signed an agreement to add 700 megawatts (MW) of solar capacity to their 50/50 US joint venture established in 2025, expanding its portfolio from 1.4 gigawatts (GW) to 2.1 GW.
US Energy Information Administration (EIA) estimates crude oil inventories in China increased by about 900,000 barrels per day (b/d) between January and August this year, essentially acting as a source of demand by removing barrels from the global markets.
Russia has announced that it had lifted some restrictions on diesel exports, following an agreement between Russian President Vladimir Putin and US President Donald Trump to allow Russian diesel supplies to reach US and international markets.
Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the US, US President Donald Trump said, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.
The US State Department has approved the potential sale of Patriot interceptor missiles and related equipment to the Kingdom of Saudi Arabia for an estimated cost of $9 billion, said a report. The principal contractor for the sale of the missiles will be Lockheed Martin Corporation.
US President Donald Trump has signalled a possible opening for talks with Iran even as Washington significantly bolsters its military presence in the Middle East, keeping pressure on Tehran amid escalating tensions over Iran’s nuclear programme and internal unrest.
Iran’s leadership lashed out Friday after US President Donald Trump threatened intervention amid deadly protests, with Iranian officials warning that American troops in the region could be targeted if Washington interferes, said media reports.
Multiple explosions were heard across Venezuela’s capital early Saturday, with plumes of smoke rising over parts of the city and power outages reported in several neighbourhoods, according to local residents and international media.
Saudi Arabia will not allow its airspace or territory to be used for military actions against Iran, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, told Iranian President Masoud Pezeshkian in a phone call on Tuesday, state news agency SPA reported.
Abu Dhabi-based Mubadala Investment Company has announced that it has sold its minority stake in Arcadia, a leading consumer health and wellness platform headquartered in US, in conjunction with the recently announced acquisition of Arcadia by funds managed by New York-based Bansk Group.
