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California and 12 other states are suing the federal government over the cancellation of billions in clean energy funds approved by Congress, citing constitutional separation of powers.

Dangote Refineries has signed a $400 million deal with XCMG to increase its processing capacity from 650,000 barrels per day to 1.4 million barrels per day, with the expansion expected to be completed in three years.

Indirect talks between Iran and the US over Iran's nuclear program have concluded, with unclear outcomes and no official statements from either side, amid concerns of potential military strikes if a deal is not reached.

The US and Armenia have signed a nuclear cooperation agreement, aiming to replace an aging Russian-built nuclear plant, as part of a broader effort to deepen relations and open new areas of cooperation between the two countries.

The Namibian government has refused to recognize an asset acquisition deal between TotalEnergies and Petrobras due to a lack of proper procedure, citing non-notification and lack of formal approval.

Russia has announced it will continue to supply oil to Cuba despite US pressure and threats of tariffs, signaling a defiant stance against US sanctions.

Uniper, a German utility giant, is not concerned about Europe's growing reliance on American LNG, citing it as the most economical solution for diversifying imports.

Germany's Chancellor Friedrich Merz is leading a delegation to Saudi Arabia and Qatar to secure liquefied natural gas supply deals, aiming to diversify away from the US and reduce geopolitical dependence.

The Federal Reserve has kept interest rates unchanged at 3.50%-3.75%, citing mixed economic signals and persistent inflation.

Afreximbank has provided a $17.5 billion financing facility to Angola's national oil company Sonangol to support oil trading operations and general corporate funding needs, amidst structural decline and international scrutiny.

The recent Fed statement showed minor changes from the previous one, indicating a stable monetary policy stance, with no significant shifts in interest rates or inflation targets.

Kazakhstan's Tengiz oil field is expected to resume normal output within a week, following a fire that destroyed three transformers and resulted in 7.2 million barrels of lost oil production.