The general director of the state corporation Rosatom, Alexei Likhachyov, and his counterpart from the International Atomic Energy Agency (IAEA), Rafael Grossi, met in Istanbul on Wednesday to discuss in detail, among other things, the safety at Ukraine’s nuclear power plants (NPPs), Rosatom stated. The pair paid special attention to …
Read More »OPEC+ Eye Modest Supply Boost as Demand Dented by China Covid Rules
OPEC+ members meeting on Thursday are expected to agree a marginal increase in oil production, bolstered by risks to demand amid coronavirus restrictions in China. Russia’s invasion of Ukraine has also added to supply concerns, which have increased with Europe’s announced moves on a potential Russian oil embargo. Prices soared …
Read More »Italy Eyes Japan for Further Renewable Energy Cooperation
Italian Prime Minister Mario Draghi recalled the importance of boosting the industrial partnership between Italy and Japan, particularly in the renewable energies sector, at a press conference at Palazzo Chigi after a bilateral meeting with the Japanese Prime Minister Fumio Kishida. In an attempt to curb energy reliance from Moscow …
Read More »EU Takes Major Step towards Russian Oil Ban, New Sanctions
The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen, addressing the European Parliament in …
Read More »Russia Eyeing up Asia as EU Considers Oil Ban
The European Union’s proposed phased embargo of Russian oil, as part of a new round of sanctions against Moscow for its invasion of Ukraine, means Russia will inevitably look to Asia, one analyst said on Wednesday. The EU proposed its toughest sanctions yet against Russia on Wednesday, including a phased …
Read More »TotalEnergies’ German Refinery is still Importing Russian Oil
A refinery owned by French supermajor TotalEnergies in Germany is expected to continue importing Russian crude oil via pipeline at least through the end of this month, sources familiar with the matter told Reuters on Tuesday. The 240,000-barrels-per-day refinery Leuna in eastern Germany is one of two facilities in Germany …
Read More »Russia’s Oil Imports to be Hit with New EU Sanctions
The European Union’s top diplomat said Brussels will impose new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, banks, and those responsible for disinformation. “We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors, and tackle oil imports,” …
Read More »Putin Publishes New Sanctions against the West
Russian President Vladimir Putin has threatened to terminate exports and deals with the West and add certain individuals and entities to the Kremlin’s sanctions list in retaliation for sanctions imposed by the United States and the European Union. Russian President Vladimir Putin introduced a package of economic measures on Tuesday …
Read More »OPEC Fails to Increase Oil Output as Capacity Troubles Persist
The OPEC cartel — which has struggled for many months to revive oil supplies halted during the pandemic — effectively failed to increase output at all last month, as members remained plagued by capacity constraints. While Iraq made a substantial boost, countries such as Libya and Nigeria saw their production …
Read More »Denmark Wants to Build Two Energy Islands to Supply more Renewable Energy to Europe
Thirty years after becoming a pioneer in offshore wind farming, Denmark now wants to expand the repertoire of renewables again – this time with the world’s first “energy islands.” The plans have long been discussed in the country but have now been accelerated amid the disruption to the global energy …
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