Oil prices firmed slightly early on Tuesday, after falling 2 per cent in the previous session, as stronger economic data from the world’s largest crude importer China underpinned demand outlook. Brent crude climbed 23 cents to $84.99 a barrel at 0416 GMT, while U.S. West Texas Intermediate rose 21 cents …

When the idea of re-creating the process that powers the sun here on Earth felt more like a thought experiment or a science fiction premise than a viable part of our global energy mix, it was easy to imagine equally far-fetched outcomes. We imagined that fusion would be limitless, unstoppable, …

Cost inflation and increased competition to secure long-term buyers and financing could hold back some of the more than a dozen proposed LNG export projects in the United States. Demand for LNG globally is currently high, as European countries rush to build import terminals and purchase liquefied natural gas to …

The biggest nuclear reactor in Europe by capacity, Olkiluoto 3 in Finland, started regular electricity production on Sunday, entering into service 14 years later than initially planned. Olkiluoto 3, which had completed test production and is now regularly producing electricity, is expected to account for 30% of Finland’s power generation, …

Iran’s gas export rose 79 percent in terms of worth, and 10 percent in terms of amount, in 2022, the managing director of National Iranian Gas Company (NIGC) announced. Majid Chegeni also announced that the country’s gas swap experienced a 530 percent rise in terms of value, and a 358 …

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorised exports. The March 23 arbitration ruling by the International Chamber of Commerce (ICC) ordered Turkey to pay Baghdad damages of $1.5 …

Qatar “reclaimed” its position as the largest liquefied natural gas exporter in the world with 80mn tonnes of LNG exports in 2022, the Gas Exporting Countries Forum (GECF) has said in a report. Last year, Qatar was followed by Australia (79mn tonnes), the US (78mn tonnes), Russia (32mn tonnes) and …

Energy and environment ministers of the Group of Seven wealthy nations have vowed to work to hasten the shift towards cleaner, renewable energy. But they set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo. The …

The eyes of the world are on Sapporo, Japan this weekend as energy ministers of some of the world’s largest economies, the G7, meet to discuss global climate and energy policy. In early versions of the G7 draft publication, countries emphasized financing liquefied natural gas (LNG) exports as a supposed …

OPEC+’s recent announcement of new output cuts this year will deepen an expected supply deficit in the second half of the year and risks higher prices as China’s economic rebound continues to drive growth, the International Energy Agency said April 14. OPEC+ on April 2 announced a surprise “precautionary move” …