Saudi Arabia and Russia announced Monday that they would make additional cuts to oil supply as a global economic slowdown hangs over the outlook for energy demand. Saudi Arabia — the world’s biggest exporter of crude oil — said it would extend a cut of 1 million barrels a day …

The International Atomic Energy Agency chief on Wednesday exchanged views with the heads of local governments and fishermen around the crippled Fukushima nuclear power plant, a day after releasing a report endorsing the safety of Japan’s plan to discharge treated radioactive water into the sea. Amid lingering worries about the …

The World Bank’s Board of Executive Directors has recently approved 1.5 billion dollars in financing to accelerate India’s development of low-carbon energy. In a statement, the World Bank has said that the financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate …

Asia’s oil refiners, responsible for meeting about a third of the world’s fuel consumption, are getting ready to go elsewhere for crude should Saudi Arabia and Russia’s latest pledged output cuts deprive them of barrels. The two producer countries said on Monday that they will prolong and deepen output cuts …

The United Arab Emirates plans to invest as much as $54 billion on renewables over the next seven years as part of efforts to reach net zero emissions by 2050. The nation is targeting a threefold increase in the share of energy produced from renewable sources over the period and …

TotalEnergies’ Senior Vice President Africa, Exploration and Production, Henri-Max Ndong Nzue said Monday that his company will drill a crude oil exploration well in the Republic of Congo. Nzue was speaking to members of the press after a meeting with Congolese President Denis Sassou N’Guesso. “Looking ahead, we have an …

Russia’s crude oil and diesel exports are at higher volumes than in the pre-war period with the emergence of new export destinations, particularly China and India, for crude exports and a good range of buyers for diesel exports, according to Vortexa data compiled by Anadolu. Russia’s crude oil exports plummeted …

Amid criticism against Japan’s plans to release nuclear waste from the crippled Fukushima nuclear plant into the sea, International Atomic Energy Agency (IAEA) chief on Tuesday arrived in Tokyo to hold discussions over the issue. Ahead of releasing IAEA’s report on Fukushima nuclear plant’s water discharge plan, Rafael Grossi met …

Iran’s natural gas exports to Iraq exceeded 9 billion cubic meters in 2022, according to the International Energy Institute. In a report released today, the official Iranian news agency IRNA stated that the country’s natural gas exports reached approximately 19 billion cubic meters last year, representing a growth rate of …

At a port across from Gibraltar, two European monarchs made a rare joint appearance in June to bestow their imprimatur on a bold and risky endeavor. Standing alongside freight ships in Algeciras, King Felipe VI of Spain and King Willem-Alexander of the Netherlands inaugurated a new maritime corridor. The critical …