As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by Continue Reading
“NO ES SUFICIENTE” — It’s not enough. That was the message protest leaders in Ecuador delivered to the country’s president this past week after he said he would lower the price of Continue Reading
Pedestrians in a shopping zone in the Kizilay district of Ankara. Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey’s inflation accelerated Continue Reading
The United States is calling on Saudi Arabia to increase oil production. Saudi Arabia has maintained its OPEC+ output agreement, refusing to ramp up production. The Kingdom is still maintaining Continue Reading
Baghdad court dealt a setback Sunday to the Kurdistan Regional Government’s (KRG) legal strategy of attempting to delay a federal lawsuit against seven international oil companies (IOCs) operating in Kurdistan. Continue Reading
The Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list Continue Reading
Iran, whose energy trade is pressed by US sanctions, is ready to pump more oil as the world needs the crude to balance supply and demand and calm prices before Continue Reading
Bloomberg News Iran is being forced to discount its already cheap crude even more as a top ally gains a bigger foothold in the key Chinese market. China has become Continue Reading
Nigeria lost $1 billion in revenue during the first quarter of this year due to crude oil theft, the petroleum regulator said on Friday, warning the practise was a threat Continue Reading
Sri Lanka’s energy minister has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Kanchana Wijesekera Continue Reading
Production at Venezuela’s largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according Continue Reading
Highlights Output cut of around 20 million-30 million mt expected Annual steel demand may drop faster than supply China is likely to announce a 20 million-30 million mt, or 2-3% Continue Reading
WASHINGTON—by competing policy aims: addressing inflation and maintaining economic pressure on Beijing. People familiar with the situation say what comes next has been pending with Mr. Biden in recent weeks Continue Reading
There is a glaring problem in the energy transition that not many people are acknowledging. It is being built on the back of finite resources, and the mining industry is Continue Reading
A workers’ strike at Exxon Mobil’s (XOM.N) Esso refinery in Fos-sur-Mer in southern France stopped on Saturday and the halted units are being restarted, the company said on Sunday. “We’re Continue Reading
The German government wants to enshrine possible rescue measures for energy companies such as Uniper (UN01.DE) in its energy security law and may end up acquiring a stake in the Continue Reading
The head of Germany’s energy regulator warned that the 15 billion euros’ ($15.64 billion) worth of credit lines provided by the government to buy gas for storage facilities may not Continue Reading
A planned strike next week by Norwegian energy sector workers could cut the country’s gas output by 292,000 barrels of oil equivalent per day, or 13% of output, employers’ group Continue Reading
Swiss businesses would be first to have energy rationed in the event of supply shortages, Energy Minister Simonetta Sommaruga told the SonntagsZeitung, warning that the government cannot guarantee there will Continue Reading
City was last Ukrainian stronghold in Luhansk region Russia says has “liberated” Luhansk region Zelenskiy vows to regain control with long-range weapons Blasts hit Russia’s Belgorod, southern Ukraine base -officials Continue Reading
At least three people killed, buildings damaged in Belgorod Regional governor says attack intentionally targeted civilians Ukraine has not claimed responsibility for strikes in Russia July 3 (Reuters) – At Continue Reading
Natural gas in Europe rose to the highest level in almost four months as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply Continue Reading
Swiss inflation hit 3.4% in June. Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Inflation in Switzerland accelerated to the fastest Continue Reading
Even with sanctions and import bans, Russia is still exporting billions of dollars worth of fossil fuels. In the first 100 days since its invasion of Ukraine, Russia has averaged Continue Reading
Oil headed for a third weekly drop, its longest losing run this year, on concern that a potential recession will cut into energy demand. West Texas Intermediate fell toward $105 Continue Reading
Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Continue Reading
Crude oil prices should stay in the triple digits, Kpler’s head of Sweet Crude Analysis Matt Smith told Yahoo Finance. There won’t be a continued downward pressure on oil, according Continue Reading
OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in Libya and Nigeria Continue Reading
Protesters broke into Libya’s parliament in Tobruk on Friday evening and set a fire in front of the building to express their anger towards Libya’s warring political parties, witnesses told Continue Reading
Asian spot liquefied natural gas (LNG) prices continued to rise this week amid stronger demand on the back of a blistering heatwave in Japan and a return of competition with Continue Reading
Argentina’s Neuquen province, home to the huge Vaca Muerta shale oil and gas formation, has awarded two new concessions to energy firm Pluspetrol, the local government said on Friday, with Continue Reading
U.S. exports of liquefied natural gas (LNG) in June fell to the lowest in four months, data from Refinitiv Eikon showed, after the country’s second-largest LNG plant was shut by Continue Reading
More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port labor talks ahead of Continue Reading
U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid Continue Reading
Legislators in Colorado, historically a major coal state, have passed more than 50 climate-related laws since 2019. The liquor store in the farming town of Morris, Minn., cools its beer Continue Reading
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Exxon Mobil Corp. ’s second-quarter refining earnings surged by as much as $5.5 billion, signaling a season of windfall profits for the fuel-making sector as consumers bear the burden of Continue Reading
Exxon Mobil Corp. is forecasting banner second-quarter earnings that could come in as high as about $18 billion, largely on higher oil-refining margins and rising prices for oil, natural gas Continue Reading
President Biden’s administration opened the door Friday to more offshore oil and gas drilling in federal waters over the next five years, setting a potential course for future U.S. fossil fuel extraction Continue Reading
The Biden administration proposed July 1 offering oil and natural gas drillers no more than 10 lease sales for offshore Gulf of Mexico acreage and a single auction for Alaska Continue Reading
Russia will create a firm that will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Continue Reading
The German government aims to impose a levy on all gas consumers to help suppliers grappling with rapidly rising import prices, a proposal seen by Reuters showed on Friday. The Continue Reading
President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s latest broadside Continue Reading
Exxon Mobil (XOM.N) said on Friday that a strike by workers over pay was forcing it to gradually shut down operations at its Fos refinery plant in southern France. “We Continue Reading
Russian gas producer Gazprom (GAZP.MM) said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 42.1 million cubic meters (mcm) on Friday compared Continue Reading
Russia’s move to reshuffle ownership of the Sakhalin-2 natural gas project may constrict global markets even more by pushing Japan to compete with Europe for alternative sources of supply. President Continue Reading
Price growth in the eurozone hit a record high of 8.6 percent in the year to June, intensifying tensions between rate-setters at the European Central Bank over the speed of Continue Reading
Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated. Friday, July 1st, 2022 As uncertainty builds around the supply Continue Reading
The German city of Hamburg will ration hot water for private households and limit the maximum heating temperature in the event of an acute gas shortage, its environment senator said Continue Reading
Three decades ago, Europe decided to open up its energy markets to foster competition, a move meant to bring lower prices for consumers across the continent. Fast forward to 2022, Continue Reading
