It’s no secret that Russia’s invasion of Ukraine has had a massive global impact. From the sanctions to the natural gas supply cutoffs, the economic toll is both catastrophic and far from over. Currently, economists and other experts are trying to predict how different parts of the world will react …

After a decade of losses and shareholder frustration, the U.S. shale patch is generating record amounts of cash flows and is earning record profits this year as oil prices soar while firms prioritize returns to investors. The public independent U.S. shale producers already had a blockbuster first quarter, with many …

Iran has earned as much money from the export of gas in the past four months as it had received during the whole last year, the oil minister said. Speaking to reporters on the sidelines of a cabinet meeting on Wednesday, Oil Minister Javad Owji said the income generated by …

Director-General of the UN nuclear watchdog, Rafael Grossi, said that Iran is rapidly making progress in its nuclear program. The International Atomic Energy Agency (IAEA) director-general who is in New York to participate in the 10th Conference to Review the Non-Proliferation Treaty said in a press conference on Tuesday evening …

Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in Kuala …

Addressing the 10th Review Conference of the Treaty on the Non-proliferation of Nuclear Weapons (NPT), the United States, France and UK issued an anti-Iran statement regarding Iran’s nuclear program. The UK and France and the United States, who unilaterally withdrew from JCPOA, once again repeated their baseless claims against Iran’s …

The United Nations chief warned in an address on Monday that “humanity is just one misunderstanding, one miscalculation away from nuclear annihilation,” citing the war in Ukraine, nuclear threats in Asia and the Middle East and many other factors. Secretary-General Antonio Guterres gave the dire warning at the opening of …

Australia should tighten measures to curb natural gas exports from one of the world’s biggest suppliers to avoid a domestic fuel crunch, according to the nation’s competition watchdog. Gas that hasn’t been sold under long-term contracts should be made available domestically before it is exported, because of a significant risk …

There is little Russia can do to help with urgent repairs required to malfunctioning Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday. Russia cut gas supplies via Nord Stream 1, its main gas pipeline to Europe, to just 20% of capacity last week, saying that …

Germany’s presidential palace in Berlin is no longer lit at night, the city of Hanover is turning off warm water in the showers of its pools and gyms, and municipalities across the country are preparing heating havens to keep people safe from the cold. And that’s just the beginning of …