UN leader Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for throttling poor nations with “predatory” interest rates and crippling fuel prices. Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others …

Japan and a group of 10 other countries in Asia have agreed to pursue “practical pathways” for carbon neutrality through coordinated steps such as developing hydrogen supply chains and setting decarbonization standards while ensuring energy security. The agreement was reached as the group of 11 partner countries on March 4 …

The number of active drilling rigs in the United States stood at 749 this week, down by four from the previous week but up by 99 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 592 oil …

Oil major, Chevron Corporation, has said, it is leveraging on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world at its annual investor meeting. Chevron also expects to maintain capital and cost discipline to deliver higher returns while growing energy supplies. Under the …

Russia will no longer rely on the West for its energy trade and its new energy policy will be oriented towards more reliable partners like India and China, said Russian Foreign Minister Sergey Lavrov in Delhi on Friday. “We would not rely anymore on any partners in the West. We …

The Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi met and conferred with the Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami in Tehran on Friday. Grossi arrived in Tehran on Friday evening and was officially welcomed by AEOI Spokesman Behrouz Kamalvandi. The IAEA …

Japan’s government pledged financial and technological support to help ASEAN countries accelerate their efforts to decarbonise their economies and combat global climate change, its industry minister said on Saturday. Energy-poor Japan aims to turn into the world’s leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as …

Poland and Ukraine on Thursday called for international sanctions against Russia’s nuclear energy sector, saying they feared their neighbour may hurt energy security and economies in Europe if attacks on Ukrainian power facilities continue. Last week, the European Union adopted the tenth package of sanctions targeting Russia, but did not …

The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic …

Saudi Aramco signed a letter of intent to potentially acquire a minority stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned combustion-engine venture as the oil behemoth seeks to expand into transport technologies. French carmaker Renault and China-based Geely would retain equal equity stakes in the new project, …