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Energy

G7 Joins $60-Per-Barrel Price Cap on Russian Oil the EU Set

December 4, 2022 Elizabeta Bozinovska

In a key step to enhance Western sanctions aiming to reorder the global oil market to prevent price spikes and starve Russian President Vladimir Putin of funding for his war in Ukraine, the G7 and […]

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Energy

Saudi Dispatches World’s First Commercial Shipment of Blue Ammonia

November 29, 2022 Elizabeta Bozinovska

In a step that represents a new milestone in the development of decarbonization solutions, Saudi Arabia has dispatched a consignment of blue ammonia to South Korea, the world’s first commercial shipment of its kind. Carrying […]

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Energy

G7 Debates Russian Oil Price Cap

November 23, 2022 Elizabeta Bozinovska

The Group of Seven nations is looking at a price cap on Russian oil. The European Union is discussing a proposal from the G7 to put a price cap on Russian sea-borne oil in the range […]

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Energy

Boeing Exec Discusses Sustainable Aviation Fuel

November 14, 2022 Elizabeta Bozinovska

The aviation industry makes claims of commitment to decarbonization. There remains a “huge amount of work” needed in order to do so, said Robert Boyd, regional lead of aircraft manufacturer Boeing’s global sustainability policy and partnerships […]

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Energy

US to Fund Two Nuclear Reactors in Romania with $3 Billion Loan

November 10, 2022 Elizabeta Bozinovska

The United States will provide more than $3 billion worth of funding for the construction of two new nuclear reactors in NATO-member Romania, which is expected to commence early next year, Romanian Prime Minister Nicolae […]

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Energy

UK to Strike Gas Deal with US 

November 8, 2022 Elizabeta Bozinovska

New British Prime Minister Rishi Sunak is set to agree to a new energy partnership with the United States after the UN climate change summit COP 27.  Talks about the “energy security partnership” are in […]

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Energy

US to Invest $100Bn in Clean Energy Projects in Partnership with UAE

November 2, 2022 Elizabeta Bozinovska

More than $100 billion will be invested to produce 100 gigawatts of clean energy globally by 2035 in line with the strategic partnership the United States signed Tuesday with the UAE, the White House announced. […]

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Energy

OPEC Raises Long-Term Oil Demand View

November 1, 2022 Elizabeta Bozinovska

OPEC called for trillions of dollars in investment in the oil industry over the next two decades.  OPEC raised its forecasts for world oil demand in the medium and longer-term in its annual outlook and […]

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Energy

Top US Gas Exporter Eyes Europe Growth

October 31, 2022 Elizabeta Bozinovska

The leading exporter of liquefied natural gas in the U.S. Cheniere, said it is willing to build incremental facilities in order to satisfy growing European demand.  However, the massive exporter warned that additional capacity would […]

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Energy

Inflation Could Worsen Due to Seriously Low Diesel Supply

October 31, 2022 Elizabeta Bozinovska

Serious concerns have been raised lately that as the cold weather months approach, fuel costs could go up and worsen inflation due to the seriously low US and global diesel supply.  According to Patrick De […]

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oil spill in Illionis promtps shutdown of pipeline
Energy

US to Release 15M Barrels of Oil from Strategic Reserve

October 19, 2022 Elizabeta Bozinovska

The Biden administration officials plan to announce Wednesday the final, 15 million barrels of oil tranche from its strategic reserve of the disbursement of 180 million announced in March. The new release comes less than […]

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Energy

Americans to Face 30% Spike in Natural Gas Prices This Winter

October 18, 2022 Elizabeta Bozinovska

Projections made by the US Department of Energy show that the surging demand and colder temperatures are set to increase natural gas bills in all regions of the US this winter, potentially forcing Americans to […]

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Energy

Paris is Accusing Washington of Taking Advantage of EU Energy Crisis

October 12, 2022 Elizabeta Bozinovska

French Finance Minister Bruno Le Maire stressed on Monday that Ukraine war-induced energy crisis could lead to American economic domination and warned that Washington should not be allowed to dominate the global energy market. Speaking […]

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Energy

OPEC-Agreed Output Cut of Two Million BPD Pushes Oil Prices Up

October 6, 2022 Elizabeta Bozinovska

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies, collectively known as OPEC+ agreed on Wednesday on an output reduction of 2 million barrels per day from November. While the media speculations […]

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Energy

Saudi Arabia to Host World Petroleum Congress in 2026

October 4, 2022 Elizabeta Bozinovska

Saudi Arabia will host the World Petroleum Congress, a prominent global event that brings together countries and international organizations every three years, in Riyadh in 2026.  The event brings together energy leaders from all over […]

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Energy

OPEC+ Production Cut Threatens Gas Price Spike Ahead of Midterms 

October 4, 2022 Elizabeta Bozinovska

OPEC+ will hold a critical meeting tomorrow in Vienna that will ultimately decide whether to cut oil production, a move that would drive up the price of oil.  The Organization of the Petroleum Exporting Countries […]

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Energy

OPEC+ Considers Cutting Oil Production, Sends Oil Prices Rallying

October 3, 2022 Elizabeta Bozinovska

In a move that could put pressure on global economic growth, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies, collectively known as OPEC+, are set to consider Wednesday its most drastic […]

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Energy

Nord Stream Incident Prompts US to Puts Energy Operators on Alert

September 30, 2022 Elizabeta Bozinovska

After a series of explosions earlier this week disabled Russia’s Nord Stream gas pipelines in the Baltic Sea in a suspected sabotage act, US Energy Secretary Jennifer Granholm warned the US energy industry, including LNG […]

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Energy

India Seeks Gas Supplies from US, UAE, Saudi Arabia

September 29, 2022 Elizabeta Bozinovska

India is trying to boost its imports of liquefied natural gas from the United States, UAE, Saudi Arabia, and Iraq.  India engaged the four countries at a government-to-government level in order to secure more cargoes of […]

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Energy

Berlin Was Warned by CIA of Possible Nord Stream Attack Months Ago

September 28, 2022 Elizabeta Bozinovska

After both of Russia’s Nord Stream pipelines were damaged and a massive gas leak appeared off the Danish island of Bornholm and Sweden also reported two leaks, Germany appeared to be looking for answers. German […]

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Energy

Oil Edges Higher with US Reserves Plan Offsetting Hot Inflation

September 14, 2022 Elizabeta Bozinovska

Oil is swinging in prices, fluctuating after the International Energy Agency trimmed its estimates on global demand and the United States mulled when to refill its strategic emergency oil reserves.  Prices edged higher today as […]

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Energy

Treasury Secretary Warns of Another Spike in Gas Prices This Winter

September 12, 2022 Elizabeta Bozinovska

Gas prices may spike again this winter, Treasury Secretary Janet Yellen warned on Sunday, explaining the rise with the fact that on top of halting most of its Russian oil purchases this winter, the European […]

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Energy

OPEC+ Agrees to Cut October Crude Supply

September 5, 2022 Elizabeta Bozinovska

The influential energy alliance of massive oil producers OPEC+ agreed to cut its October crude output by 100,000 barrels a day, which will revert the output level to August numbers in order to support prices.  […]

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Energy

G7 Finance Chiefs Agree on Russian Oil Price Cap, But Level Not Set Yet

September 2, 2022 Elizabeta Bozinovska

Group of Seven finance ministers has agreed to impose a price cap on Russian oil, but that cap level has not been set yet. The ministers of the wealthy industrial democracies confirmed their commitment to a […]

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Energy

The US to See Renewable Energy Boom 

August 30, 2022 Elizabeta Bozinovska

Renewable energy is set for an unprecedented boom after the first-ever climate bill was signed into law. Solar and wind projects are expected to double their capacity by the end of the decade and provide the […]

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Energy

US Oil Reserves Near Four-Decade Low

August 30, 2022 Elizabeta Bozinovska

The US Strategic Petroleum Reserve (SPR) fell to 450 million barrels at its lowest level since 1984 in the week to Aug. 26, with the crude oil inventory falling by 3.1 million barrels, according to […]

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Energy

Ex Saudi Aramco VP: American LNG No Alternative to Russian Gas for EU

August 30, 2022 Elizabeta Bozinovska

The former executive vice president at Saudi Aramco, Sadad Al-Husseini, believes that there is not enough capacity in the world to replace Russia’s gas supply to the European Union with LNG. In an interview for […]

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Energy Secretary Jennifer Granholm urged major American oil refiners to increase capacity and decrease exports of refined goods ahead of the winter
Energy

Energy Secretary Urges US Refineries to Decrease Exports amid Hurricane Season

August 26, 2022 Maja Popovska

Energy Secretary Jennifer Granholm urged major American oil refiners to increase capacity and decrease exports of refined goods ahead of the winter, per The Hill. Granholm stated in the letter she wrote last week that […]

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Energy

California to Approve Plan to Ban Sales of Gas-Powered Cars by 2035 

August 25, 2022 Elizabeta Bozinovska

California is expected to ban the sale of new gasoline cars by 2035 in an effort to take dramatic steps to reduce emissions and combat the climate emergency.  State regulators will vote today on the […]

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Energy

Fears of Aggressive US Interest Rate Pushed Down Oil Prices

August 22, 2022 Elizabeta Bozinovska

After three days of gains, oil prices fell on Monday on fears of a global economic slowdown due to aggressive US interest rate hikes that could dent fuel demand and of the possible return of […]

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  • Poland Might Seek Extradition of Ukrainian Nazi Veteran that Embarrassed Canada
    September 28, 2023
  • UN Women’s Bahous Asks UN to Declare ‘Gender Apartheid’ in Afghanistan
    September 27, 2023
  • Syria’s Vice Foreign Minister Slams US ‘Terrorist War’ in UNGA Address
    September 27, 2023
  • Trump Trial in Georgia: Court Orders Jurors’ Identities to Be Kept Secret
    September 26, 2023
  • State Department Denies Iran FM’s Request to Visit Washington
    September 26, 2023

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