Oil steadied as persistent demand concerns and dollar strength were offset by declines in crude stockpiles in the US. West Texas Intermediate traded above $75 a barrel, after declining by 0.5 per cent on Wednesday. Nationwide inventories fell with stockpiles at the Cushing, Oklahoma, storage hub shrinking by the most …

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual investment levels of US$500 billion, according to a new Horizons report from Wood Mackenzie. Current upstream spending is a little more than half of the US$914 …

European natural gas declined as recovering fuel flows from Norway eased supply concerns, with investors becoming more bearish again. Benchmark Dutch futures fell as much as 6.2% with Norwegian supplies rising back to April levels early on Thursday, according to grid data. Shipments from the Nordic country, Europe’s top gas …

Australia’s liquefied natural gas buyers fear that recent policy changes to safeguard domestic resources and reduce emissions could limit exports, according to the nation’s top seller. LNG buyers, including Japanese companies, told Woodside Energy Group Ltd. earlier this month that they are worried about future supply, said Chief Executive Officer …

The United States has issued Iraq a new 120-day waiver allowing the country to pay Iran for electricity via non-Iraqi banks, Reuters reported on Tuesday, quoting a U.S. official as saying. Based on the waiver, signed by the U.S. Secretary of State Antony Blinken on Tuesday, Iraq will be able …

Europe’s hydropower industry is flagging in the face of climate change and lack of support from policymakers, leaving a key low-carbon energy sector by the wayside. “It was a thin, panicked chant,” wrote Christoph Ransmayer, recalling when Austria’s biggest hydropower dam flooded its reservoirs in 1949 for the first time. …

Czechia will build its first small modular reactor in 2032 to increase energy security and climate protection in a project backed by Czech President Petr Pavel, who stressed the role of nuclear energy in the country’s future energy mix. Czechia already has two conventional nuclear plants in Temelín and Dukovany …

Japanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation with major gas producer Qatar on Tuesday, the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high tech. Kishida, who has been urged by Japan’s gas lobby to secure …

The EU and Japan agreed July 18 to strengthen their energy cooperation by establishing an EU-Japan energy security dialogue on global LNG “architecture.” In a statement, the EU said the dialogue would see collaboration on a global “early warning” system to help pre-empt possible supply shocks and ensure global LNG …

Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said on Wednesday, citing the role they say the fuel has to play in both global energy security and the transition to net zero. Big producers have in recent years promoted …