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Oil Prices Rise On Improving Market Sentiment
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Oil prices are looking to finish the week in the green, with the pessimism that dominated the markets in the early part of the year beginning to dissipate. Brent crude for May delivery was trading at $73.67 per barrel at 11.50 am ET in Thursday’s session, flat on the day but nearly $2 higher from a week ago while the corresponding WTI contract was unchanged on the day but similarly gained $2 from a week ago to trade at $69.67 per barrel. Oil prices have now climbed about $5 per barrel from their early-month lows. A recent Dallas Fed…
India Turns Away Russian Oil Tanker As Sanctions Evolve
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India moved on Thursday to deny entry to a Tanzanian-flagged tanker carrying Russian crude, signaling that New Delhi is ramping up scrutiny of vessels transporting oil from Russia, Reuters reported exclusively. The vessel, Andaman Skies, was en route to the Vadinar Port to deliver 100,000 metric tons (roughly 800,000 barrels) of Varandey crude oil sold by Russia’s Lukoil. Indian port authorities refused the tanker entry, citing documentation issues, particularly its seaworthiness certification, Reuters quoted unnamed sources familiar…
Russia Pressures Kazakhstan to Relax Banking Rules
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Russia is upset that commercial banks in Kazakhstan are exhibiting “excessive caution” in settling payments and extending loans involving companies doing business with Moscow. A report published by the Russian media outlet RTVI claimed that entities in Kazakhstan that do business with Russia are the victims of “over-compliance,” which hinders legitimate cross-border commerce. A major source of discontent is “the fact that Kazakh banks demand from their clients ‘letters of guarantee’ on the refusal…
Russia's Black Sea Deal Demands Raise Concerns
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US and Russian statements laying out a framework for limiting military actions in the Black Sea were widely welcomed as a step to wider cease-fire in the Kremlin’s war on Ukraine: Both Moscow and Washington would “continue working toward a durable and lasting peace,” the Kremlin and the White House said.But the Kremlin statement also had specific language absent from the White House’s.Moscow would only abide by the agreement, the Kremlin said, after the West lifted sanctions on Russian banks that have been involved trading…
Trump's Brand New Policy Tool May Upend Oil Trades
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On Monday, Trump presented a brand-new policy tool to the world, “secondary tariffs.” That is, if other countries buy Venezuelan oil and gas, all of their trade with the U.S. will be subject to a 25% tariff. Venezuelan exports are not subject to tariffs, but the buyers are. The message is actually very straightforward. All countries around the world are discouraged from buying oil from Venezuela, as they face the threat of tariffs, while exports that go straight to the U.S. are encouraged. This measure also needs to be considered alongside…
EU Raw Materials Plan Faces Long Odds Against Global Power Moves
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The EU Commission is currently focusing on 47 critical raw materials projects, with a target value of $22.5 billion. However, the pressing question remains: Is this initiative timely and comprehensive enough to address the current challenges? Amid growing geopolitical instability and a transitioning energy landscape, the European Union is under significant pressure. While global powers like China and the USA are aggressively pursuing critical minerals, the EU Commission in Brussels is taking a different approach. On March 25, the Commission made…
Saudi Oil Giant Aramco Eyes Investment in Indian Refineries
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Saudi Aramco, the world’s top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday. State-owned Indian refiners plan to build several new crude processing plants to meet soaring fuel and petrochemicals demand in the world’s third-largest crude oil importer. Saudi Arabia, for its part, looks to lock in future term sales for its crude in the top Asian markets, which are set to continue driving global demand growth in the coming years. India…
BP Approves Major Trinidad and Tobago Natural Gas Project
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BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. In a strategy reset last month, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 8–10 projects by the end of 2030. Production is…
Trump Auto Tariffs Threaten Japanese Carmaker Profits
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As the fallout from Trump’s tariff plans comes into relief, a harsh truth is emerging for the automotive industry: there are lots of losers and not many winners. But foreign automakers, those without US facilities, will be hit especially hard. As Bloomberg notes, from South Korea’s Hyundai to Germany’s Volkswagen, and to a lesser extent America’s own General Motors, many of the world’s most prominent carmakers will soon face higher costs from Trump’s new levies on auto imports and key components. That's…
CNOOC Profit Jumps by 11% on Record Oil and Gas Production
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Chinese state-owned oil and gas giant CNOOC reported on Thursday an 11.4% rise in net profit for 2024, as record oil and gas production offset weaker energy commodity prices. CNOOC, which specializes in offshore oil and gas developments in China and internationally, booked a net profit of $19 billion (137.9 billion Chinese yuan) for 2024, up by 11.4% from a year earlier, as production hit another record high last year. CNOOC’s net oil and gas production was 726.8 million barrels of oil equivalent (boe), up by 7.2% compared to 2023. Net oil…
Trump Wants Oil and Biofuels Lobbies to Decide Renewable Fuel Policy
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The U.S. Administration has left it to the oil companies and ethanol producers to reach an agreement on the next renewable fuel standard, sources with knowledge of the discussions told Reuters, as the Trump Administration looks to avoid creating further controversies between the Farm Belt and oil producers and refiners. The so-called Renewable Fuel Standard (RFS) is the U.S. policy under which oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel. It sets the number of gallons of renewable fuels that must…
Uganda’s $5-Billion Oil Export Pipeline Secures Initial Funding
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The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project. EACOP Ltd., the company in charge of the construction and future operation of the project, said that it had closed the first tranche of external financing. The funding is being provided by a syndicate of financial institutions, including regional banks such as African Export Import Bank (Afreximbank), The Standard Bank of South Africa Limited, Stanbic…
Clean Jet Fuel Production Lagging Behind 2030 Goals
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The ramp-up of Sustainable Aviation Fuel (SAF) has been slower than expected due to high costs and economic uncertainty, putting global clean jet fuel supply off course to reach the 2030 targets, according to a report by Boston Consulting Group (BCG). Airlines and airports globally invest just 1-3% of their revenues or capex on SAF, per the report cited by Reuters. High production costs remain the key barriers to faster adoption of SAF, according to BCG’s findings. “Despite continuing to scale the availability of sustainable aviation…
Political Struggles Threaten Nigeria’s Oil Production Recovery
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Just as Nigeria had started to increase its oil and gas production under President Bola Tinubu, a series of blasts and fires at major pipelines are threatening to unravel the progress Africa’s top crude producer has made. A political feud and crisis reminded the oil market that pipeline sabotage and politically-motivated vandalism in Nigeria’s oil-rich states is always lurking around the corner. In the Rivers State in the Niger Delta, where a large part of the country’s oil is produced and exported, at least three explosions and…
Coal Prices in China Could Fall Even Further
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Oversupply is set to extend an already sizable decline in coal prices in China, which could boost demand, based on a Bloomberg report that noted ample inventories were weighing on prices. Citing data from the China Coal Transportation and Distribution Association, Bloomberg reported that coal stocks were near record highs and prices would be subjected to further pressure. “There’s no bright spot, prices may test new lows in coming months,” one local analyst said. The report follows a prediction from Morgan Stanley that China could…
U.S. Files Lawsuit for the Forfeiture of $47 Million in Iranian Oil Proceeds
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The United States’ Department of Justice has filed a civil lawsuit at a district court in D.C. for the forfeiture of $47 million in proceeds from the sale of some 1 million barrels of Iranian oil that went to Iran’s Islamic Revolutionary Guard Corps and the Qods Force. The U.S. seized the oil last year and sold it, making $47 million from that sale. Both the IRGC and the Quds Force were designated terrorist groups by the United States. Per the lawsuit, the oil was sold under a sanction evasion scheme between 2022 and 2024, with the…
China Climate Envoy Calls Transition “Irreversible”
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The energy transition is irreversible and will continue despite the United States’ pullout from the Paris Agreement because everyone else remains committed to it, China’s special envoy for climate change said at an event as quoted by Bloomberg this week. “The global energy transition is irreversible,” Liu Zhenmin said during a panel discussion at the Boao Forum. “No one country can stop this process, because the process of global energy transition is driven by the political will of member nations, market forces and…
Oil Prices Gain On Venezuela Tariffs
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Oil prices rallied in Wednesday’s session, a day after U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States. Trump claims that Venezuela has sent "tens of thousands" of people to the U.S. who have a "very violent nature." Brent crude for May delivery gained 1.2% to trade at $73.89 per barrel at 11.30 am ET while the comparable WTI crude contract climbed 1.2% to $69.84. The secondary tariffs will target China, India, Spain, Italy and Cuba–all…
Lifting Syria Sanctions, UK Joins Strategic East-Med Power Play
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The U.K.’s recent lifting of sanctions on several major Syrian firms – particularly those connected to its former cornerstone oil and gas sectors – is part of a coordinated strategy by the West to secure the western flank of the Middle East that has unfettered access to the Mediterranean Sea. “That coastline encompasses Turkey, Syria, Lebanon, Israel and Egypt and is regarded as a strategic zero-sum game by both the West and the East, given the access it provides to the world’s sea routes and to land routes along in…
Ukraine Rare Earths Deal Is Nonsense To Mining Experts
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The United States is pinning its hopes on reclaiming expenses incurred on Ukraine during its war with Russia by tapping Ukraine’s vast mineral potential including the development of rare earth element deposits. The problem with this deal is two-fold: one, the deposits in question are mostly within Russian-occupied territory; and two, rare earths are difficult to find lumped together in economic quantities, and even harder to separate into rare earth oxides, that are used in everything from cell phones to electric vehicles to high-tech weaponry.…
U.S. Sanctions on Iran Threaten Global Energy Markets
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The latest round of US sanctions on Iran, which now targets Chinese so-called ‘teapot’ oil refineries—small, independently owned facilities—signals a growing determination to tighten the economic noose around the Tehran administration. With potential consequences reaching far beyond Iran itself, these moves could reshape geopolitics, disrupt the global economy and send shockwaves through energy markets. While there is not yet a "maximum pressure" situation—where Iranian oil exports could drop from 1.5 million barrels…
Palisades Nuclear Plant Revival Sparks Industry Interest
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In recent years, interest in developing the U.S. nuclear power capacity has grown. Under the Biden administration’s push for a green transition, more companies were encouraged to invest in clean energy. In addition, the power demand is expected to grow much more rapidly than previously thought, as the tech sector drives demand with plans to construct huge data centres. This, and efforts to improve the public perception of the safety standards of nuclear facilities, have revitalised support for nuclear power. In addition to plans to…
Reports Suggest China Could Participate in Ukraine Peacekeeping Mission
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As European leaders attempt to organize a Ukraine peacekeeping mission amid a push by US President Donald Trump to clinch a cease-fire deal between Moscow and Kyiv, reports have spread that Beijing may want to play a role in maintaining the peace. The German newspaper Die Welt quoted anonymous European Union diplomats on March 22 as saying that their Chinese counterparts have reached out to explore whether their peacekeepers could work as part of the broader force being considered in European capitals. The idea was raised earlier this year at the…
Dallas Fed Survey Respondents Bearish on Short Term Oil Prices
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The latest Dallas Fed Energy Survey has revealed that activity in the oil and gas sector increased slightly in the first quarter of 2025. The survey found that U.S. oil and gas production increased slightly in the first quarter, with the oil production index moving up from 1.1 in the fourth quarter to 5.6 in the first quarter. Meanwhile, the natural gas production index also improved from -3.5 to 4.8. U.S. oil rig count gained one to 487 according to the latest Baker-Hughes survey, keeping it in the 472-488 rigs range for the 40th consecutive week.…
U.S. Considers New Fees on Chinese-Built Ships
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Via Metal Miner Importers and consumers of products containing imported components should stay alert regarding the latest logistics news, as the United States Trade Representative (USTR) plans to hold a public hearing on March 24, 2025, regarding proposed Section 301 port call fees. If implemented, this measure could reshape global shipping dynamics and have far-reaching consequences for international trade with the United States. While the maritime industry and logistics news sources are paying close attention to this issue, metal buyers are understandably…
Deferred EU Ban On Transshipment of Russian LNG In Force Today
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An EU ban on transshipment of Russian liquefied gas (LNG) in ports introduced in June 2024, with a deferral granted until March 26, 2025, has finally come into force. The sanctions also prohibit EU countries from providing technical support, brokerage services, and financing for transshipment operations. Similar to previous sanctions, the import ban is intended to disrupt Putin’s ability to continue financing his war in Ukraine. Although Russian LNG accounted for just 5% of the bloc’s energy consumption in 2023, it still netted the…
Coal Creeps Back as Gas Gets Pricey
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Coal-fired power generation in the United States jumped at the start of the year, but no thanks to President Donald Trump’s push for “beautiful, clean” coal. The coldest winter in six years boosted electricity demand, while the surge in natural gas prices made gas-fired generation more expensive than coal. As a result, U.S. power producers leaned more heavily on coal – where possible – than on natural gas to meet electricity demand. Amid below-average temperatures, January 2025 saw a 5.5% annual increase in total power…
Azerbaijan's Renewable Energy Potential Remains Untapped
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On the outskirts of Baku, the smell of sulfur hangs thick in the air. Flares from oil refineries light up the night sky, a constant reminder of the industry that has dominated Azerbaijan for over a century. The country has vast, untapped potential for renewables, particularly wind and solar, which could redefine its energy future. But as the postcard images of Baku’s Flame Towers highlight, Azerbaijan’s energy outlook remains dominated by fossil fuels. Azerbaijan has the potential to be a renewable energy powerhouse. The county’s…
Five Big Questions Following the Riyadh Meetings
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After separate US talks with Ukrainian and Russian delegations over three days in Saudi Arabia, the United States announced separate agreements with Ukraine and Russia on barring the use of force in the Black Sea and on efforts to halt strikes on energy facilities in both countries, but plenty of obstacles remain on the path to peace. The pair of White House statements -- one covering the March 23 and 25 talks with Ukraine, the other the March 24 meeting with Russia – came hours after Kremlin spokesman Dmitry Peskov stated that the content…
Iraq Hands BP Final Approval for Kirkuk Oil Development
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British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. BP will spend as much as $25B in a deal that will last more than 25 years. Previously, Iraq’s oil ministry and BP signed a confidentiality agreement, after which Iraq handed over the data package for Kirkuk's four fields and installations.…
Oil Prices Rise as the EIA Reports a Decline in Crude and Product Inventories
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Crude oil inventories in the United States saw a decrease of 3.3 million barrels during the week ending March 21, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a draw of 4.6 million barrels in U.S. crude oil inventories amid a strong gasoline draw. The Brent benchmark was trading up 0.88% at 9:39 a.m. ET at $73.66—a roughly…
China’s ENN Energy Valued at $11.6 Billion in Privatization Offer
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Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 billion (HK$90.50 billion) under a privatization offer from another ENN affiliate, the companies involved in the proposed transaction said on Wednesday. Under the proposed deal, ENN Natural Gas – one of the affiliate companies of ENN Energy part of the ENN Group of Chinese billionaire businessman Wang Yusuo – will buy the remaining stake in ENN Energy it does not already hold. ENN Natural Gas currently owns 34.28% in ENN Energy.…
TotalEnergies CEO Not Ruling Out Return of Nord Stream Gas Pipelines
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The mothballed Nord Stream gas pipelines from Russia to Germany may return to service at some point as Europe’s industry would need some Russian gas to stay competitive, TotalEnergies’ chief executive Patrick Pouyanne said on Wednesday. “I would not be surprised if two out of the four (came) back to stream, not four out of the four,” Patrick Pouyanne said at an industry event in Germany’s capital city, Berlin, as carried by Reuters. “There is no way to be competitive against Russian gas with LNG coming from wherever…
Chevron Expresses Interest in More Exploration Blocks Offshore Greece
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U.S. supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greece’s Ministry of Energy and Environment said on Wednesday. Earlier this year, Greece said that Chevron had expressed interest in exploring the area southwest of the Peloponnese peninsula and to the west of the island of Crete. Now, Chevron has also expressed interest in exploring south of the island of Crete in areas known as South Crete I and South Crete II, the Greek energy ministry said. The…
Ithaca Raises Oil and Gas Output Guidance After Buying Eni’s UK Assets
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Ithaca Energy, the largest oil and gas resource holder in the UK North Sea following the acquisition of Eni’s UK business, expects its full-year 2025 production to materially increase after it completed the Eni deal. Ithaca Energy, which is now the second-largest independent producer in the UK Continental Shelf after Harbour Energy, expects full-year 2025 production in the range of 105,000-115,000 boe/d, reflecting a full year of contributions from Eni’s UK assets, the company said on Wednesday in its 2024 results release. Last year,…
Europe’s Natural Gas Prices Drop as Supply Concerns Ease
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Europe’s benchmark natural gas prices fell on Wednesday for a second consecutive day amid milder weather and increasing LNG supply as Chinese demand weakens. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, fell by 1.5% at $44.19 (40.92 euros) per megawatt-hour (MWh) as of 9:18 a.m. in Amsterdam on Wednesday. The front-month futures price slid for a second straight day, following a 3% slump on Tuesday after news broke that Ukraine and Russia had agreed to a partial ceasefire in the Black Sea. The ceasefire, however,…
Kenya to Launch Oil and Gas Licensing Round in September
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Kenya expects to launch an oil and gas exploration round for 10 blocks in September, Opiyo Wandayi, the Energy and Petroleum Cabinet Secretary of the East African country, has said. “This presents a unique opportunity for investors to explore Kenya’s hydrocarbon potential through a transparent and merit-based process,” Wandayi was quoted as saying by local outlet The Star. The Kenyan government has renewed its efforts to launch an oil and gas industry and is offering tax incentives, among other incentives, the cabinet secretary…
Oil Prices Surge to Three-Week High on Supply Concerns
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Crude oil prices earlier today touched a three-week high, driven by the latest U.S. oil inventory report by the American Petroleum Institute and expectations of tighter supply on Washington’s double-down on oil sanctions against Iran and Venezuela. Brent crude was trading at $73.13 per barrel at the time of writing, with West Texas Intermediate at $69.12 per barrel, after the American Petroleum Institute reported on Tuesday that oil inventories in the county had fallen by 4.6 million barrels in the week to March 21. This was a bigger than…
Environmentalists Seek to Suspend 31 Oil, Gas Licenses in UK’s North Sea
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An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gas exploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022. Oceana alleges that the granting of those licenses was unlawful because the government “ignored expert advice from its own nature advisors” when it made the decision to award them, Energy Voice reports. According to the organization, which is part of an international network of environmentalist outlets, the 31 licenses are located in marine-protected…
Venture Global Ready for Official Launch of Calcasieu Pass LNG
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After years of selling liquefied natural gas on the spot market, Venture Global’s Calcasieu Pass LNG plant is ready to begin operation officially, according to a filing the company made with the Federal Energy Regulatory Commission. Per the filing, “Calcasieu Pass believes it has filed all requireddocumentation demonstrating readiness to commence service ofthe remainder of the facility,” Venture Global said, as quoted by Reuters. Plans are to launch the plant at capacity by April 15.The Calcasieu Pass facility, which started producing…
Private Investors On Green Energy Buying Spree As Big Oil Retreats
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Over the past couple of years, renewable energy stocks have been hammered thanks in large part to high interest rates in the post-Covid era. The iShares Global Clean Energy ETF (NASDAQ:ICLN), the world’s largest green energy ETF and a catch-all bet on clean energy, has returned -13.9% over the past 52 weeks compared to a 10.7% gain by the S&P 500. The solar and wind energy benchmarks are not faring much better, either, with Invesco Solar ETF (NYSEARCA:TAN) tanking -25.0% while First Trust Global Wind Energy ETF (NYSEARCA:FAN) has only…
Guyana is the World’s Newest Petro-State
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In a mere six years, one of South America’s poorest nations, Guyana, has emerged as the world’s newest petrostate. There is speculation that the tiny country of less than one million is on track to become the continent’s second-largest oil producer. Even neighboring Venezuela’s President Maduro’s never-ending saber rattling over the Essequibo is not distracting the national government, in the capital Georgetown, from promoting the world’s fastest-growing oil boom. Guyana is now a major contributor to the world…
Shell, Exxon, Energy Transfer Flip the Script
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Climate activists have been instrumental in making radical changes in government policies concerning energy. Climate activists have also enjoyed years of unrestricted activism, increasingly aimed at disruption and occasionally destruction. All that began to change in 2024, and this turning tide is now gathering speed. The energy industry is striking back, and courts are siding with it. In 2021, a Hague court ordered supermajor Shell to reduce its emissions of carbon dioxide by 45% by 2030. The ruling marked the wrap of a case brought to the court…
Taliban Reject Trump's Call to Surrender Captured U.S. Arms
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On 1 March 2025, after his first Cabinet meeting, U.S. President Donald Trump said the Taliban should return the equipment the U.S. abandoned in Afghanistan as it withdrew in August 2021. He added that U.S. troops should return to Bagram air base, which he claimed was occupied by Chinese troops. This isn’t the first time Trump demanded the return of U.S. equipment. On the eve of his inauguration in January 2025, Trump declared that future financial assistance to the Islamic Emirate of Afghanistan would depend on the return of the abandoned…
Oil Rises on Larger Than Expected Crude Draw
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The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. Analysts had expected a dip of 2.5 million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.2 million barrels again to 396.1 million barrels in the week ending March 21.…
New Dumping Duties Target Steel Imports in Europe
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Via Metal Miner The European Commission recently implemented provisional dumping tariffs on hot rolled coil imports from several countries. The move follows an investigation initiated in Q3 on behalf of the EU steel industry. The European Union’s executive arm stated in a March 14 release that the new measures will come into force on April 7 and will cover imports from Egypt, Japan, and Vietnam. “The rates are calculated on the CIF Union border price, customs duty unpaid.” the EC statement noted. Steel Industry: Who is…
Ukraine Considers U.S. Role in Power Infrastructure
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The US could have boots on the ground in Ukraine -- though not in the way many might expect. During a recent phone call between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, where Ukraine agreed to pause attacks on Russia's energy infrastructure for 30 days, the idea emerged of establishing a US presence at Ukrainian nuclear power plants. Zelenskyy said that in the conversation with Trump, he discussed the possibility of US assistance in restoring Zaporizhzhya, Europe's largest nuclear power station, which has been under…
Glencore Cuts Coal as Market Glut Smothers Prices
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Turns out the coal party might be winding down early—at least for Glencore. The world’s biggest exporter of thermal coal has finally said “enough is enough” and announced it’s cutting output at its Colombian Cerrejon mine by up to 10 million tons this year. That’ll leave production somewhere between 11 and 16 million tons, depending on how grim things get. Coal prices are in the gutter. Newcastle coal futures have sunk to around $100 per ton, a far cry from the $450 highs we saw in 2022 during the post-invasion…
Cathie Wood Remains Bullish Despite Tesla Sales Slump
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Tesla faces mounting headwinds in Europe, with sales declining for the 10th time over the past 12 months. The slump is driven by an aging vehicle lineup, intensifying competition, and growing backlash over Elon Musk's increasingly active role in European politics to save the imploding continent from radical leftists in Brussels. According to the European Automobile Manufacturers' Association (ACEA), Tesla's sales in Europe fell for the second straight month in February, with 16,888 vehicles sold—down 40% from the same month last year. ACEA…
Russia Not Releasing Details of Talks with the U.S. on Ukraine
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Russia on Tuesday said that it would not make public details of the 12 hours of talks with the U.S. on Ukraine which ended on Monday amid expectations that a joint U.S.-Russia statement would be issued shortly. “After all, this is about technical talks,” Kremlin spokesman Dmitry Peskov said on Tuesday. “Technical - meaning the talks with getting into details so, certainly, the content of these talks will not be made public for sure. This is something that should not be expected,” Russian news agency TASS quoted Vladimir…