Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the European Union prepares to completely phase out Russian gas imports by 2027. According to To Vima Finance, over €23 billion (~$26.3B) from major international investment funds and high-profile global entities including BlackRock, Capital, Covalis, QIA and K Group has poured into Greece's energy sector over the past one month alone as they…

The outline of conditions and topics for a negotiated settlement of the U.S.-Iran conflict, called a Memorandum of Understanding (MOU) and signed by both sides last week, in all probability won't prevent the approaching energy cliff. That cliff will be the result of fast-depleting commercial and strategic inventories of oil and oil products around the world that have acted as buffers in the wake of the suspension of almost all tanker traffic through the Strait of Hormuz during the conflict - tankers believed to carry about 20 percent of the world's…

Saudi Arabia continues to snap up high volumes of Russia’s fuel oil as the Hormuz crisis has forced shut oil and gas wells and reduced domestic supply for power generation amid rising temperatures. Russia’s vessel shipments of fuel oil and vacuum gasoil (VGO) slumped in May by some 6% from April, due to the continued Ukrainian strikes on Russian energy infrastructure, Reuters reported on Monday, quoting shipment data on LSEG and traders. Despite the overall decline in Russian fuel oil exports, to about 3.2 million metric tons last month,…

After Washington snatched Venezuela’s authoritarian president, Nicolas Maduro, in a daring January 2026 night raid, the country’s long road to recovery began. Under the leadership of Maduro’s former vice-president, Delcy Rodriguez, economically crucial oil production and exports are rising. President Trump is pressing Caracas to raise output, all while the U.S. president urges big oil to invest in the near-failed state. While doubts linger over whether production can return to historic highs, Venezuela recently recorded its highest…

U.S. airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent oil prices sharply lower. Brent crude was trading at $79.22 per barrel at 6.05 am ET on Monday, nearly $20/bbl lower after Washington and Tehran agreed to a ceasefire and committed to 60 days of negotiations, while jet fuel spot prices fell to $2.85 a gallon, down sharply from $4.88.  The dip in fuel costs could slash the U.S. airline industry’s annual fuel bill by more than $40 billion, easing the pressure on carriers who were facing…