Indonesia plans to build a new oil storage facility in Sumatra to strengthen national energy reserves, Energy Minister Bahlil Lahadalia says. A feasibility study is underway for the project, which will be located within a new special economic zone.

US crude oil stocks, including SPR, fall record amount - EIA

US crude oil stocks, including the Strategic Petroleum Reserve (SPR), have fallen by a record amount, according to the Energy Information Administration (EIA).

Electric car sales hit new records in nearly 100 countries in 2025, with close to 30% of all cars sold globally this year expected to be electric.

Electric car sales hit new records in nearly 100 countries in 2025, with close to 30% of all cars sold globally this year expected to be electric.

China military slams Taiwan leader Lai Ching-te's 'independence' push as futile, warns against military resistance to reunification. PLA remains on high alert to counter separatist attempts.

China's defense ministry condemns Taiwan leader Lai Ching-te's 'Taiwan independence' remarks made under the guise of peace, accusing him of pursuing separatism through military means and wasting public funds to court foreign support. The ministry warns such efforts are futile and vows the People's Liberation Army will resolutely safeguard national sovereignty.

China, Russia to boost oil, gas, coal cooperation.

China and Russia to boost cooperation in oil, gas, and coal industries.