India’s purchases of Russian crude oil averaged $84.20 per barrel in October—the highest price the world’s third-largest crude importer has paid since the $60 price cap came into force at the end of last year, according to preliminary data from the Indian government cited by Reuters. The price India paid …

This month, Bill Gates also wrote an article for the New York Times entitled ‘How I Invest My Money in a Warming World’. In the publication, Gates suggests that we may not be doomed due to failing to achieve optimal climate aims, but we must act wisely in response to …

Oil steadied after a steep drop as rising Russian flows and higher US output added to concerns that supply is running ahead of demand. Global benchmark Brent traded near $73 a barrel after shedding almost 4% on Tuesday, while West Texas Intermediate was above $68. The weekly average of Russia’s …

A plant worker at the crippled Fukushima Daiichi nuclear complex may have ingested radioactive materials after his face was exposed to the substances, the plant operator said Monday. The operator Tokyo Electric Power Company Holdings Inc. said the man in his 20s was wearing a protective full-face mask and suit …

OPEC+ will need to maintain its latest oil supply cuts throughout next year in order to keep the global market in balance, according to Citigroup Inc. The Organization of Petroleum Exporting Countries and its allies have announced that it will cut supplies by a further 900,000 barrels a day during …

Oil prices rose on Monday, extending gains for a second session as U.S. efforts to replenish strategic reserves provided some support, although concerns of crude oversupply and softer fuel demand growth next year persisted. Brent crude futures rose 0.6 per cent, or 48 cents, to $76.32 a barrel by 0406 …

The US and OPEC+ are once again locked in a battle to establish a dominant position for control over oil prices. Oil prices have been on the slide for the past seven weeks; the longest sustained drop for around five years. From a 2023 high point of $94 a barrel …

China has taken a step ahead of competitors in civil nuclear energy technology as it started up the world’s first fourth-generation nuclear reactor this week. As many countries are starting to recognize that nuclear power generation will play an important role in the energy transition by providing additional net-zero electricity, …

A raft of new pledges announced at the COP28 climate summit – from tripling renewables to reining in methane emissions – won’t be enough on their own to limit global warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Sunday. So far, 130 countries have agreed to …

Iran exported non-oil commodities valued at $46.5 million to Nigeria during the first seven months of the current Iranian calendar year (March 21-October 22), the spokesman of Trade Development Committee of Iran’s House of Industry, Mining and Trade announced. Ruhollah Latifi said that among the African trade partners of Iran …