Northern countries are racing to build undersea communications cables through the waters of the Arctic, as shrinking ice coverage opens the region to new business opportunities and heightens geopolitical rivalries Continue Reading
UN Secretary General: investing in fossil fuels is delusional. Anti-oil narrative clashes with reality of increasing demand. IEA has changed its narrative and is now calling for more production Last Continue Reading
Libya’s oil production has almost completely halted because of a political stalemate, officials told media, during a time of heightened global concerns over the supply of crude. The Libyan Ministry Continue Reading
The National Treasury now says fuel prices could increase further in the near future as the government seeks to gradually remove the subsidy cushioning Kenyans against high cost. In a Continue Reading
India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil Continue Reading
Australia, the world’s top exporter of coal and liquefied natural gas, is battling a power crunch, posing major challenges for the country’s new Labor government that wants to speed up Continue Reading
Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due to Continue Reading
South Korea will expand the role of nuclear energy in order to meet its climate target. President Yoon Suk Yeol’s new government will increase the portion of atomic power in Continue Reading
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising Continue Reading
U.S. retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and record-high gasoline prices pulled spending away from other goods. The first drop in sales Continue Reading
