Energy

Although the escalating tensions with Russia over Ukraine have raised concerns over Russian gas flows and prompted EU officials to seek alternative supplies, European Commission President Ursula von der Leyen emphasized on Tuesday that the […]

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Global oil prices on Friday evening grew by 2%, as markets continue to assess the balance of supply and demand after the publication of the monthly report of the International Energy Agency (IEA). The price […]

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Saudi Arabia and the United Arab Emirates (UAE) could help reduce oil market volatility if they increase production, a report from the International Energy Agency (IEA) said, CNBC reported. Although OPEC+ has been raising total […]

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The Hawaiian Electric Company(HECO) has left a Waianac-based couple dumbfounded at the end of January charging them with a whopping $18,000 for their electric bill, claiming they’re legal owners of the street and therefore responsible […]

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Participants in the OPEC+ agreement will continue to restore oil production in March according to the plan, Bloomberg reported, citing delegates. According to the publication, OPEC + will increase production by 400,000 barrels per day. […]

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The alleged possibility of Russia invading Ukraine, the idea the mainstream media is propelling despite Russia denying it as unfounded, could throw into question the ability of the European countries to keep the heat on […]

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Iraq has scheduled additional oil deliveries to the market in March, taking into account forecasts of high demand, said Ali Nizar, deputy head of state-owned SOMO, Reuters reported. He also stressed that on average, Iraq […]

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Oil prices have climbed up to their highest level in the past seven years, with an increase in tensions caused by a Houthi attack on the United Arab Emirates causing an increase in supply chain […]

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The US will shift its attention from the East Mediterranean Gas Pipeline (EastMed), which could connect fields off the coast of Israel and Cyprus with Greece and Italy, to transmission channels for electricity generated by […]

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US senators have drafted a bill that would ban US companies from buying rare earth metals from China. According to Reuters, the bill aims to ban such purchases after 2026. The only supplier of these […]

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Saudi Arabia has large uranium reserves and will use them for commercial purposes, Saudi Energy Minister Abdulaziz bin Salman Al Saud said at the World Mining Conference, which opened on Wednesday in Riyadh, local media […]

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The certification process for the controversial Nord Stream 2 pipeline will remain suspended in Germany until the operator makes the necessary changes since the project still does not meet EU requirements, Germany’s foreign minister said […]

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As the United States’ interest is increasingly switching to renewable energy sources, Washington is no longer supporting the construction of EastMed gas pipeline project, the US State Department said in its statement. The construction agreement […]

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Saudi Arabia’s state-owned oil and gas company Saudi Aramco has cut its February selling prices for oil for Asia, Bloomberg reported. “Saudi Arabia has slashed oil prices for buyers in Asia, signaling that additional supplies […]

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While the energy crisis in Europe is worsening by the day, US LNG tankers reportedly destined for China have been diverted to head towards Britain in a move that is critical to tempering even more […]

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The Nord Stream 2 gas pipeline will eventually get the necessary certification and start working and Russia isn’t even considering a “Plan B” in case that doesn’t happen, Russian Deputy Prime Minister Alexander Novak said […]

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All the accusations that Russia and Gazprom are delivering insufficient amount of gas to the European market and deliberately causing natural gas shortages are absolutely baseless, unacceptable and untrue – in other words, a pack […]

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The deal the Belgian coalition government has reached Thursday after years of debate and overnight talks by government ministers will see the country’s seven ageing nuclear reactors closed by 2025. However, the country will not […]

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In October 2021, Saudi Arabia increased oil production by 1.2% and exports by 4.9% compared to the previous month, according to data on the Joint Organization Data Initiative (JODI) website. Exports reached 6.833 million bpd, […]

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After faults have been found on pipes in a safety system at its Civaux nuclear power station, French power giant EDF announced on Wednesday it would shut down another plant that uses the same kind […]

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SpaceX is working on a program to extract CO2 out of the atmosphere by turning it into rocket fuel, which will be important for its mission to Mars, its founder Elon Musk has announced in […]

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The Nord Stream 2 natural gas pipeline from Russia can’t be certified and launched yet because it doesn’t meet EU energy requirements while safety concerns are still on the table, Germany’s new foreign minister, Annalena […]

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US authorities sold Iranian oil seized by the US Navy in the Arabian Sea for a total of $26.7 million, the US Department of Justice said in a statement released on Tuesday. “Following the court’s […]

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The US wants to create something like a cartel by teaming up with major oil-consuming countries, Toshihiro Sugiura, a researcher at the Economic Research Institute for Northern Asia (ERINA) in Japan told Russian media. He […]

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In the event of a conflict between Russia and Ukraine, “the threat to the Nord Stream 2 project becomes very much real,” the head of the leading faction of the European Parliament – the European […]

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