Oil prices stabilized Monday, rebounding after earlier falling to the lowest levels in nine months, after doubts emerged about the possibility of the EU imposing a price cap on Russian oil. By 09:20 ET (13:20 GMT), U.S. crude futures traded 1.1% higher at $79.62 a barrel, while the Brent contract …

Iran’s nuclear chief Mohammad Eslami said on Monday that bogus allegations against Iran’s peaceful nuclear activities must come to an end. Addressing the annual conference of the International Atomic Energy Agency (IAEA) on Monday, Eslami insisted on the need for an impartial verification of Iran’s nuclear program by the Vienna-based …

Soaring energy prices are mounting pressure on Europe to renovate its ageing, inefficient buildings as governments scramble to protect citizens from rising utility bills. Europe’s buildings are responsible for 40% of its energy consumption and many are in desperate need of better insulation in order to decrease the EU’s reliance …

Belgium announced on Friday that its Doel 3 nuclear reactor will disconnect from the grid and cease operations, even as the country fears blackouts this winter. It is one of four reactors at the Doel plant near the port of Antwerp, and is the first nuclear reactor to shut down …

The number of total active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 764 this week—243 rigs higher than the rig count this time in 2021. Oil rigs in the United …

Reduced energy supply due to sanctions against Russia and Moscow’s closure of key pipeline gas export routes will force Europe to fight for oil and gas wells after the coming winter, as the current crisis is not a story for one winter, analysts at consultancy Energy Aspects said. Europe will …

Equinor ASA, the Norwegian energy major, could be an “important partner” for the power, oil and gas giant that Poland is creating from state-controlled companies, according to Daniel Obajtek, the chief executive officer of refiner PKN Orlen SA. Poland selected Orlen, central and eastern Europe’s largest refiner, to become the …

For years, the energy sector, and almost every other sector, has taken water for granted, viewing it as an abundant resource. But as we move into a new era of renewable energy, the vast amounts of water required to power green energy operations may not be so easy to find. …

Western countries’ unilateral sanctions slapped Moscow with ignite even more man-made carbon dioxide emissions from the shipping industry as Europe rejiggers energy supply chains away from Russia by sourcing energy products from far away. Jan Dieleman, Cargill Inc.’s head of ocean transportation business, told Bloomberg that European importers are hiring …

France’s TotalEnergies has signed a further $1.5 billion investment in Qatar’s natural gas production expansion, which comes as Europe scrambles to find new energy sources to replace Russian supplies. The French energy giant will have a 9.3 percent stake in the North Field South gas project, the first foreign partner …