The United States appears to be inclined to let international oil companies with existing operations in Venezuela continue pumping crude in the country holding the world’s largest crude oil reserves. Despite the recent return of the U.S. sanctions on Venezuela’s crude production and exports, the White House seems unwilling to rattle the oil market and...

Despite a bold climate stance, Colombia is looking to increase its oil production to 1 million barrels per day by encouraging drillers to ramp up activity in underutilized exploration blocks, according to the country's energy ministry. Energy Minister Andrés Camacho emphasized the government's strategy to revitalize "lazy contracts"—agreements signed...

The U.S. is fighting to become one of the biggest microchip producers in the world in pursuit of taking a leading role in the global green transition. While China continues to dominate the microchip space, several policies spurring green development, technological innovation, and manufacturing are pushing the U.S. ever closer to meeting its microchip...

The OPEC+ alliance will hold its meeting in early June a day later than initially planned and via a video conference instead of in person, OPEC said on Friday. All meetings previously planned to take place in person in Vienna on June 1 will now be held online on June 2. The three key meetings that will be now held via video conference are the meeting...

Beijing is still mulling its expected retaliation in the wake of last week's Biden administration rollout of steep tariff increases on a series of Chinese tech imports, importantly including computer chips, EV batteries and medical technology products. Wednesday saw shares of European luxury automakers such as BMW, Mercedes-Benz, Tata Motors (Jaguar...

The wind energy industry has fallen into a rut, as several major companies have been plagued with setbacks due to supply chain and quality control issues. Now, wind energy majors are looking to reshape their business to ensure that they can become profitable fast. As countries around the globe transition to green, these companies have a major role to...