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Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev are meeting in Moscow this week to discuss gas cooperation and the impact of U.S. sanctions on Russian oil majors with operations in Kazakhstan. The talks come as the Kremlin faces tighter restrictions on Lukoil and Rosneft, both sanctioned last month by the Trump administration. Lukoil holds stakes in Kazakhstan’s Tengiz and Karachaganak projects, which are operated by Western majors and remain dependent on the Caspian Pipeline Consortium (CPC) for exports. The CPC—controlled…
The global precious metals market is projected to grow by over USD 95 billion in the next five years, driven primarily by sustained investor demand for safe-haven assets and increasing industrial use in rapidly expanding technologies, according to a new report from Mordor Intelligence. The market size, which was valued at $290.34 billion in 2025, is forecast to reach $386.16 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.87%, the research firm stated. Growth is being supported by a combination of investors seeking…
Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key sources of cost-competitive non-OPEC oil supply through 2030, Rystad Energy has predicted. Rystad has predicted that global liquids demand will peak in the 2030s at around 107 million barrels per day (bpd), maintain a plateau above 100 million bpd through the 2040s before declining to around 75 million bpd by 2050. According to the Norwegian energy consultancy, non-OPEC+ supply will be key to balancing the global market, with cheap oil from South…
Tory leader Kemi Badenoch has declared an oil and gas “emergency” in the North East of Scotland as she pushes the Labour government to overturn its ban on new oil and gas licenses. Badenoch has pledged to “get Britain drilling again” in a new campaign in partnership with the Scottish Conservatives. The announcement marks the Conservative leader’s growing focus on oil and gas, splitting from previous party leaders who were more critical of fossil fuels. Badenoch, who is currently in Aberdeen, has called on Chancellor…
Advanced air mobility (AAM) may no longer be a pipedream, as several cities around the globe are conducting pilot projects in the hope of launching commercial operations over the next decade. Innovations in AAM could lead to the launch of air taxi services in several spots worldwide, helping commuters to avoid traffic and get to their destinations faster. Electric vertical take-off and landing (eVTOL) vehicles rely on electric propulsion, powered by electric motors that allow them to take off and land vertically, reducing the urban space needed…
