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Media report that the Russian court has increased the penalty for Naftogaz Ukraine to $1.3 billion.

Russian news agencies reported that a Russian court increased the financial penalty imposed on Ukraine's Naftogaz state energy…
Tauron's net profit for the full year fell 48% due to a drop in revenues

The Polish utility Tauron reported a 48% drop in its net profit for the full year, due mainly to lower revenue from electricity sales.
Tariff talks: Indonesia proposes an increase of $10 billion in US energy imports

Energy Minister Bahlil Lahadalia said to local media that Indonesia would propose an increase of around $10 billion in its…
Shell and Bulgaria sign a contract for Black Sea oil and gas exploration

Shell signed with the Bulgarian government a contract on Tuesday that gives the oil giant the rights to explore a Black Sea…
Tullow Oil, UK, to sell Kenyan assets for at least $120 Million

Tullow Oil, a West Africa-focused oil & gas explorer, said Tuesday that it will sell its assets in Kenya for at least $120…
ADM to cut jobs in Shanghai after halting its domestic trade in China

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off…
EU to publish plan in May to stop Russian gas and oil imports
After twice postponing the plan, the European Commission announced on Monday that it will unveil a more comprehensive strategy…
Yonhap reports that South Korea is seeing Trump start tariff talks with Seoul and Japan, as well as India.
Han Duck-soo, South Korea's acting president, said that Donald Trump, the U.S. president, appeared to have ordered on Monday…
Palm trades lower than Chicago soyoil amid concerns about economic headwind
Malaysian palm futures continued to fall on Monday as they tracked the weakness of rival soyoil on the Chicago market. Meanwhile, escalating U.S.
FTC moves to reverse Chevron and Exxon board restrictions
The U.S. Federal Trade Commission has taken a step towards potentially reversing the bans that were placed by the Biden Administration…
Colombia considers long-term contracts for gas imports to cover the deficit and lower prices
Edwin Palma, Minister of Mines and Energy in Colombia, said that the government may sign long-term contracts for gas imports…
Ecopetrol president warns that lower oil prices could reduce profits for the full year by $2.8 billion
Ecopetrol, Colombia's state-owned oil company, warned that lower oil prices could cause its profits to drop by as much as…