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Explaining the Israel and Iran Missile Exchange

Explaining the Israel and Iran Missile Exchange

In response to Iran's attack…

The Great Game Returns to Central Asia

The Great Game Returns to Central Asia

Central Asia is emerging as…

News

UAE Eyeing Investments in Europe's Nuclear Energy Sector

UAE Eyeing Investments in Europe's Nuclear Energy Sector

Mar 29, 2024 at 12:47 | Julianne Geiger

The United Arab Emirates is considering investments in Europe's nuclear power segment, approaching several European nations to gauge their receptivity to a collaboration, sources familiar with the talks told Reuters…

Russia Sees No Need for Diesel Export Ban, Novak Says

Russia Sees No Need for Diesel Export Ban, Novak Says

Mar 29, 2024 at 11:20 | Charles Kennedy

Russia’s government doesn’t plan to ban diesel exports again, Deputy Prime Minister Alexander Novak said on Friday, after Ukrainian drone attacks have reduced Russian refining capacity.    Currently, Russia…

Russia To Focus on Oil Production Cuts in Q2 To Catch Up with OPEC+ Allies

Russia To Focus on Oil Production Cuts in Q2 To Catch Up with OPEC+ Allies

Mar 29, 2024 at 09:57 | Charles Kennedy

Russia will be cutting oil production instead of exports in the second quarter of 2024 so that all OPEC+ producers that reduce output contribute equally to the cuts, Russian Deputy…

Chinese Solar Companies Skimp on Quality As Price War Escalates

Chinese Solar Companies Skimp on Quality As Price War Escalates

Mar 29, 2024 at 09:39 | Michael Kern

The solar manufacturing boom in China and the domestic competition for market share are prompting some manufacturers of solar components to sacrifice quality for the sake of higher profits, an…

Oil Prices Surge as Russia Strikes Ukrainian Energy Facilities

Oil Prices Surge as Russia Strikes Ukrainian Energy Facilities

Mar 29, 2024 at 09:27 | Julianne Geiger

Russia has targeted Ukranian energy facilities in an overnight attack with long-range precision weapons, Russia's Defense Ministry said on Friday.  "Last night, the Russian Armed Forces…

Court Allows Ageing Japanese Nuclear Plants to Continue Operations

Court Allows Ageing Japanese Nuclear Plants to Continue Operations

Mar 29, 2024 at 08:55 | Tsvetana Paraskova

A Japanese district court on Friday rejected petitions from residents and allowed five ageing nuclear reactors in central Japan to continue operations.  The five reactors at the plants, operated…

South Sudan's Oil Revenues Plunge as Ruptured Pipeline Stalls Exports

South Sudan's Oil Revenues Plunge as Ruptured Pipeline Stalls Exports

Mar 29, 2024 at 08:48 | Tsvetana Paraskova

South Sudan is struggling to get any money in its budget as its oil exports, on which it depends for 90% of state revenues, are stalled by a ruptured pipeline…

Russia's Veto Disrupts UN Efforts to Monitor North Korea Sanctions

Russia's Veto Disrupts UN Efforts to Monitor North Korea Sanctions

Mar 29, 2024 at 08:48 | Tsvetana Paraskova

Russia vetoed on Thursday a UN Security Council proposal to extend the mandate of a UN panel that monitors the implementation of the sanctions against North Korea, as Moscow…

Indonesia to Quadruple Battery-Grade Nickel Output by 2030

Indonesia to Quadruple Battery-Grade Nickel Output by 2030

Mar 29, 2024 at 08:34 | Irina Slav

Indonesia plans to boost its nickel production despite falling prices resulting from ample supply that are forcing some miners to shut down mines. Per plans, battery-grade…

Baltimore Port Closure Threatens U.S. Coal Exports

Baltimore Port Closure Threatens U.S. Coal Exports

Mar 29, 2024 at 03:24 | Charles Kennedy

Coal exports from the United States may decline as a result of the suspension of marine traffic from the port of Baltimore following the collapse of the Francis Scott Key…

Hess Board Recommends Merger With Chevron

Hess Board Recommends Merger With Chevron

Mar 29, 2024 at 02:57 | Charles Kennedy

The board of directors of Hess Corp. unanimously recommended that shareholders vote in favor of the merger with Chevron. That’s according to a regulatory filing the company made…

Oil Prices Gain 2% on Tightening Supply

Oil Prices Gain 2% on Tightening Supply

Mar 28, 2024 at 15:37 | Charles Kennedy

U.S. benchmark crude gained over $2 on Thursday as U.S. crude inventories tightened and OPEC+ vowed to keep the output cut status quo as tensions continued to flare in the…

Citigroup Says 42% of Clients Have No Energy Transition Plan

Citigroup Says 42% of Clients Have No Energy Transition Plan

Mar 28, 2024 at 11:36 | Julianne Geiger

More than 40% of Citigroup’s clients lack a “substantive plan” for cutting their emissions to align with net-zero ambitions or are unlikely to transition at all, the bank’s latest climate…

Asian Imports of Russian Crude Oil to Hit a 10-Month High in March

Asian Imports of Russian Crude Oil to Hit a 10-Month High in March

Mar 28, 2024 at 09:18 | Charles Kennedy

Rising crude imports from Russia in Asia’s top importers, China and India, are estimated to push total Asian oil imports to a 10-month high in March, per data from LSEG…

Rosneft Refinery Offline Following Ukrainian Drone Attack

Rosneft Refinery Offline Following Ukrainian Drone Attack

Mar 28, 2024 at 08:05 | Tsvetana Paraskova

A refinery in southwestern Russia owned and operated by state oil giant Rosneft has been taken offline and all production stopped, due to damage following a drone attack from Ukraine…

Kenya and Uganda End Oil Imports Dispute

Kenya and Uganda End Oil Imports Dispute

Mar 28, 2024 at 07:16 | Tsvetana Paraskova

East African neighbors Kenya and Uganda have reached an agreement to end a bitter dispute about oil imports via the Kenyan port of Mombasa to landlocked Uganda. For years, Uganda…

India Looks to Buy Lithium and Copper Assets in Top Producer Chile

India Looks to Buy Lithium and Copper Assets in Top Producer Chile

Mar 28, 2024 at 06:42 | Tsvetana Paraskova

To boost its energy transition efforts, India is betting on acquiring lithium and copper assets overseas and is sending a delegation to search for such resources in Chile, a top…

U.S. Hydrogen Developers Seek to Expand IRA Tax Credit Rules

U.S. Hydrogen Developers Seek to Expand IRA Tax Credit Rules

Mar 28, 2024 at 05:51 | Tsvetana Paraskova

Developers of hydrogen projects and industry associations are seeking expanded tax credits under the Inflation Reduction Act, saying in hearings this week that the rules on clean energy for hydrogen…

Oil Prices Set to Post a Strong Quarterly Gain

Oil Prices Set to Post a Strong Quarterly Gain

Mar 28, 2024 at 04:18 | Irina Slav

The recent rally in oil prices is pushing the benchmarks towards a quarter of gains thanks to the OPEC+ output cuts. WTI, according to Bloomberg,…

More Canadian Oil Heads to California Ahead of Trans Mountain Pipeline Launch

More Canadian Oil Heads to California Ahead of Trans Mountain Pipeline Launch

Mar 28, 2024 at 03:08 | Irina Slav

Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost…

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