fossil fuels

Europe Spent More on Russian Fuel in 2024 than Ukraine Aid

The European Union (EU) has been talking very tough about its unwavering and unlimited support for Ukraine since Ukrainian President Volodymyr Zelensky’s disastrous visit to the White House, but data published by an independent research organization shows the EU spent more on Russian oil and gas in 2024 than it spent on Ukraine.

Germany Foreign Policy

Saudi Aramco Announces Second-Highest Profits on Record for 2023

Saudi Arabia’s national oil company, Aramco, on Sunday reported near-record profits of $121 billion in 2023. The eye-catching total might seem a bit surprising given media narratives that fossil fuels are on the way out, but Aramco found demand for oil stronger than ever, albeit distributed somewhat differently than in years past.

Prince Abdulaziz bin Salman, Saudi Arabia's energy minister, left, and Amin Nasser, c