South Korean inquiry found Japan’s plan to discharge treated wastewater from the tsunami-wrecked Fukushima nuclear power plant to be “consistent with international safety standards,” the government announced Friday. Bang Moon-kyu, the government policy coordination minister, said the plan proposed by the Japanese government met international standards, including those of the …

GCC GDP is expected to grow by 6.7% this year, the fastest rate since 2011, driven by higher oil production, the recycling of government revenues into investment initiatives and, to a lesser extent, household and business spending. However, the possibility of a global recession limiting oil demand remains a key …

Economists are warning prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. …

Bulgaria has offered to export electricity to Azerbaijan in exchange for expanding gas supplies, acting Economy Minister Nikola Stoyanov announced during his visit to Baku on Sunday (11 September). “With such a scheme – bartering gas for electricity, Bulgaria could receive quantities in the next four to five months, when …

The United States and its natural gas have been vital for Europe’s attempt to fill its gas storage ahead of this winter season. Yet record U.S. LNG exports have led to a surge in domestic gas prices. The boomerang is coming back. When President Joe Biden promised the European Union …

Qatar and the US discussed cooperation in the field of energy security on Saturday amid an ongoing global energy struggle in light of the Ukraine crisis. The discussions came during a meeting in Doha between Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and US Special Envoy and Coordinator …

Oil prices fell early on Monday morning as bearish sentiment continued to weigh on markets amid expectations of further interest rate hikes and concerns about Chinese oil demand. Brent started the week more than a dollar down at $91.80 a barrel at the time of writing. West Texas Intermediate was …