The world would not need any new long lead-time conventional oil and gas projects or coal mines approved after 2023 as the surge in clean energy deployment could lead to peak fossil fuel demand this decade, the International Energy Agency (IEA) said in its updated Net Zero Roadmap on Tuesday. …

Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. Brent crude futures rose 86 cents, or 0.9 per cent, to $94.82 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude futures climbed 86 …

Blue hydrogen, the one made by reforming natural gas using carbon capture, would be a more cost-effective solution for the EU compared to the so-called green hydrogen made from water electrolysis using renewable electricity, environmental organization Clean Air Task Force (CATF) said in a new report on Tuesday. The European …

Russia is considering joining China in banning Japanese seafood imports after Japan released treated radioactive water from the wrecked Fukushima nuclear power plant into the sea and is seeking talks with Japan over the matter, a Russian regulator said on Tuesday (Sep 26). Japan started releasing the water from the …

Japan and China sparred over the release of tritium-containing treated water from the meltdown-stricken Fukushima No. 1 nuclear plant into the sea at an annual meeting of the International Atomic Energy Agency that opened Monday. A total of 177 member countries will discuss issues such as nuclear development by Iran …

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America’s crude oil production is set to hit a monthly record in September—at 13 million barrels per day (bpd), according to estimates by Rystad Energy. Production …

Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday (24 September) citing data from analytics company Kpler. The European Union, G7 countries and Australia introduced a price cap of $60 a barrel on Russian …

Gas prices are still expected to stabilise heading into winter despite a recent rise in spot prices on European benchmarks, energy experts have said. The UK Natural Gas Futures benchmark rose 7.2 per cent to £1.10 per therm this morning, while the Dutch TTF Futures rose 7.1 per cent to …

Japan is considering shipping captured carbon dioxide to Malaysia for underground storage as part of a decarbonization project in Asia, the industry minister revealed Monday. The project, which will be Japan’s first shipment of captured CO2 and its storage overseas, is set to start in 2028. Japan and several Southeast …

The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported. Located in Khorasan Razavi Province, Tous Gas field is going to produce three million cubic meters of gas on a daily basis in the first …