The EU members of the UN atomic agency’s Board of Governors have issued a statement in support of preserving the 2015 Iran nuclear deal, JCPOA and the lifting of anti-Tehran sanctions. The EU reaffirmed its firm commitment and continued support for the full and effective implementation of the JCPOA, saying …

Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow’s invasion of Ukraine. U.S. President Joe Biden made the announcement on Tuesday, while Britain said it would phase out imports of Russian oil and …

Energy giant Shell says it will stop buying Russian oil and natural gas as well as shut down its service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Shell says in a statement Tuesday that it would withdraw …

Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy …

Officials from the Organization of the Petroleum Exporting Countries (OPEC) met US shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday, March 7, as energy prices soared over supply concerns. It was at least the fourth time since 2017 that US shale oil producers …

Danish turbine manufacturer Vestas plans to stop four Russian wind projects in response to the country’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reported citing company spokesperson. The four projects that are currently in the development phase include Novoalekseevskaya, Grazhdanskaya, Ivanovskaya, and Pokrovskaya. They have a combined capacity of 253MW, according …

European gas futures jumped as much as 32% after Russia threatened to cut natural gas supplies to Europe via the existing Nord Stream pipeline. In a further deterioration relations between Moscow and the European Union, Russia threatened to halt gas flowing along the pipeline to Germany. The warning is part …

The Netherlands is working with Germany on a new terminal for liquefied natural gas (LNG) near Hamburg. Finance Minister Sigrid Kaag said she hopes the terminal will help secure the European gas supply, among other things. A letter of intent about the collaboration between the two countries was signed on …

European natural gas soared to a fresh record as the U.S. said it was considering curbs on imports of Russian oil, a move that would add to supply fears across all energy markets. Dutch front-month gas, the European benchmark, jumped as much as 17% to an unprecedented 225 euros a …

CEO of the National Iranian Oil Company announced that Iran and Iraq have signed a contract for developing the ‘Sohrab’ joint oil field. Mohsen Khojasteh-Mehr said the contract for developing the ‘Sohrab’ joint oil field with Iraq in Khuzestan Province was signed to produce 30,000 barrels per day and also …