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10d07/01

KKR Makes Largest Ever Clean Energy Investment With $4.2B EDF Purchase

Global investment firm KKR has agreed to acquire EDF Power Solutions North America in a landmark $4.2-billion deal, marking the largest single renewable energy investment in the company’s history. The purchase gives KKR immediate control of one of North America’s largest clean power portfolios, adding more than 5.6 gigawatts of operating wind, solar, and battery storage assets as investors race to secure electricity generation for AI data centers and other fast-growing sources of power demand. T

◇ unclassifiedmiddle-east · russia · usa
10d07/01⚠ war-conflict · 3/5

Putin Admits Shortage of Fuel After Weeks of Refinery Strikes

Russia has confirmed its government is currently in negotiations with other countries to purchase gasoline while desperately seeking to stabilize its domestic market after months drone mayhem out of Ukraine. "Discussions are actively being held," Kremlin spokesman Dmitry Peskov said at a press briefing Tuesday, though without specifying which countries. "If agreements can be reached at acceptable price points, then [imports] will move forward," he added. The development is surprising given that

◇ unclassifiedmiddle-east · russia · usa
10d07/01

Saudi Aramco Slashes July LPG Prices as Global Supply Swells

Saudi Arabia and Algeria have officially cut selling prices for liquefied petroleum ‌gas (LPG) for the month of July amid increased global market supply. Saudi Aramco, Saudi Arabia’s national oil company, has lowered its official selling prices (OSPs) for a metric ton of propane by $180 to $580 per ton and by $220 to $600 per ton for butane while Sonatrach, Algeria’s state-owned oil producer, has lowered July OSPs for propane by $57/ton to $518 and and for butane by $10/ton to $600, according to

◇ unclassifiedmiddle-east · russia · usa
10d07/01⚠ war-conflict · 3/5

Ukraine’s Drone Campaign Forces Russia to Buy Gasoline From India

Russia has started importing refined fuel from India by sea in a bid to mitigate critical domestic fuel shortages triggered by sustained Ukrainian drone attacks on its energy infrastructure. In an exclusive Reuters report, industry sources revealed that an initial shipment of at least 60,000 metric tons (510,000 barrels) of gasoline has been dispatched from India via two tankers destined for Russian ports. Ukrainian drone strikes have knocked offline roughly 30% of Russia’s oil refining capacity

◇ unclassifiedmiddle-east · russia · usa
10d07/01

Europe’s Nuclear Ambitions Drive New Interest in Italian Uranium Exploration

A firm planning to mine uranium in northern Italy has drawn up plans for a London float as it seeks to capitalise on renewed interest in nuclear technology. Reveille Resources, which will be operated by Ippolito Ingo Cattaneo alongside his father, Andrea Cattaneo, is preparing to join London’s small-cap Aquis exchange as soon as this week. The firm said its initial focus will be on two historical uranium deposits in Lombardy, northern Italy, known as Novazza and Val Vedello, for which licence ap

◇ unclassifiedmiddle-east · russia · usa
10d07/01

Renewables Hit Record 58% Share of Germany's Power Consumption

Renewable energy accounted for a record-high 58% of Germany’s electricity consumption in the first half of 2026, up from 55.8% for the same period last year, the latest estimates by industry associations ZSW and BDEW showed on Wednesday. Germany is looking to boost its solar and wind power generation sectors with ambitious goals and legislative changes to ease and streamline the permitting processes. Europe’s biggest economy has a target to install 10 gigawatts (GW) of wind power capacity every

◇ unclassifiedmiddle-east · russia · usa
10d07/01

EIA: U.S. Crude Inventories Post Another Major Draw

Crude oil inventories in the United States decreased by 3.8 million barrels during the week ending June 26, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 408.4 million barrels, according to government data, which is now 7% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a d

◇ unclassifiedmiddle-east · russia · usa
10d07/01

Japan's Biggest LNG Buyer Creates Standalone Trading Arm

Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The new company, JERA Global Energy Solutions (JERA GES), will be the Japanese utility giant’s response to increasingly volatile and complex energy markets. JERA GES will be a vertically integrated LNG company which can quickly respond to the market needs while maintaining security of

◇ unclassifiedmiddle-east · russia · usa
10d07/01⚠ war-conflict · 3/5

U.S. Raises Pressure on Iran With Renewed Military Warning

US Vice President JD Vance has again signaled that the White House is prepared to use force against Iran if diplomacy fails, raising the stakes around a 60-day memorandum of understanding (MOU) that has halted open hostilities but left the core disputes unresolved. In an interview on The Michael Knowles Show released on June 30, Vance cast the US approach toward Iran as a stark choice: a longer-term agreement anchored in permanent, verifiable nuclear inspections, or renewed military action to pr

◇ unclassifiedmiddle-east · russia · usa
10d07/01

How do Chinese police track and seize cryptocurrency? Rare paper reveals forensic tools

Chinese police have published a detailed technical report on tracking, seizing, and freezing cryptocurrency – revealing a sophisticated arsenal of forensic tools. Bitcoin, Ethereum and the like may be household names, but they are illegal in China. A 2021 government notice banned their use as currency, and new rules from earlier this year went even further, cracking down on stablecoins and the tokenisation of real-world assets. Yet despite the ban, criminals still favour virtual coins for scams,

◇ unclassifiedchina · asia · usa
10d07/01

EU Industry Splits Over Emissions Trading Scheme Overhaul

European companies are concerned – in various ways – about the upcoming revamping of the EU's emissions trading scheme (ETS), the key instrument the bloc has been implementing since 2005 to curb emissions from heavy-polluting sectors including the cement, steel-making, and chemicals industries. As the European Commission is expected to propose an amended ETS plan on July 15, European companies that have invested in low-carbon operations fear a weakening of the scheme. Others, such as some chemic

◇ unclassifiedmiddle-east · russia · usa
10d07/01

Eni Forms Trading Venture With Mercuria to Boost Commodity Profits

Eni is forming an energy commodity joint venture with global trader Mercuria as the Italian energy major eyes higher profits to rival the most active traders among the European energy giants. Eni on Wednesday said it had signed an agreement with Geneva-based Mercuria, one of the world’s largest independent trading groups, to create a joint venture to trade energy commodities across global energy markets. The joint venture will be equally owned by Eni and Mercuria, and will operate on an independ

◇ unclassifiedmiddle-east · russia · usa
10d07/01

KKR and SK Launch South Korea’s Largest Renewable Energy Platform

Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost the platform’s total capacity to 10 GW, the investmen

◇ unclassifiedmiddle-east · russia · usa
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