The Japanese parliament on Wednesday passed a bill that allows nuclear reactors in the country to be operated beyond the current limit of 60 years to help cut carbon emissions while ensuring an adequate national energy supply. The law on power sources for green transformation and decarbonization amends five laws …

US ambitions to break China’s dominance of green energy supply chains are “great for the world” as long as tensions don’t lead to war, said iron ore magnate Andrew Forrest. The chairman of Fortescue Metals Group, the world’s fourth-largest iron ore producer, said it was healthy for competitors to challenge …

Countries around the world seem to be in a race to set up solar power plants in space and beam energy back to Earth. The United Kingdom and China have already displayed interest in building such a technology and now, Japan seems to be the latest member to join the …

The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink weaker players. The update comes after in December Longi slashed prices by more than 27%. Per a Bloomberg report, Longi …

European natural gas prices dropped to the lowest levels in over two years as demand was hit further by record solar power in Germany. Benchmark futures tumbled as much as 4.3%. Gas posted its longest stretch of weekly declines since 2007 on Friday, a sharp turnaround from the energy crisis …

OPEC will welcome the return of Iran to the international oil market once the U.S. lifts sanctions from Tehran, the secretary general of the cartel said. “We believe that Iran is a responsible player amongst its family members, the countries in the OPEC group. I’m sure there will be good …

The UK has invested $34 billion in Azerbaijan’s economy, Minister of Energy of Azerbaijan Parviz Shahbazov said during the meeting with British Prime Minister’s Trade Envoy for Azerbaijan, Baroness Emma Nicholson, Trend reports. According to him, issues of switching to “clean” energy were discussed during the meeting. “We discussed issues …

Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy. Riyadh has grown increasingly frustrated with Russia, which apparently hasn’t kept its end of the deal and isn’t reducing oil production as pledged, complicating …

Iran and Oman have signed an agreement on their joint study on the shared Hengam Oilfield in the Strait of Hormuz, the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raeisi and Oman’s Sultan Haitham bin Tariq Al Said in Tehran on Sunday, the Oil Ministry’s …

Oil prices fell on Tuesday over demand worries in the US due to the debt ceiling crisis, ambiguity about the US Federal Reserve’s (Fed) interest rate policy and recessionary fears. International benchmark Brent crude traded at $76.58 per barrel at 09.52 a.m. local time (0652GMT), a 0.67% fall from the …