Greece is urging the EU to move faster to address the high power and natural gas prices in the bloc that undermine its competitiveness alongside burdening households, Greek Prime Minister Kyriakos Mitsotakis wrote in a letter to European Commission President Ursula von der Leyen seen by Bloomberg News. European wholesale …

The planned construction of the next generation of nuclear reactors in France, which expects to have at least six of these, faces numerous challenges including in financing, supply chains, and timelines, France’s Court of Auditors said in a report on Tuesday. France’s power utility and major nuclear power generator, EDF, …

Crude oil prices started the week with a gain that pushed Brent crude to the highest in four months following the introduction of a fresh package of sanctions against Russia by the Biden administration. The sanctions focused on Russia’s oil industry. At the time of writing, Brent crude was trading …

China’s coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports for the year totalled 542.7-million metric tons, according to China’s General Administration of Customs, up from 474.42-million tons in …

Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy. Paknejad said on Saturday that Iran will invest some …

Moscow on Saturday accused the United States of being ready to risk global energy instability with new sanctions on Russia’s energy sector, including industry majors such as Gazprom Neft, which were announced earlier on Friday. The U.S. and the U.K. on Friday announced new sanctions against Russia’s energy sector, including …

The US Energy Information Administration (EIA) announced, on Sunday, that Iraqi oil exports to the US had dropped during the past week. “In a span of a week, the US imports of crude oil from 10 major countries amounted to 6.016 million bpd, up by 251,000 bpd from the previous …

After decades of low interest in Libya’s oil and gas sector due to sanctions and the civil war, a possible new chapter could open in 2025. Based on the potential tender by the Libyan National Oil Company (NOC) for 22 onshore and offshore exploration blocks, expectations are high that international …

Iran exported non-oil commodities valued at $9.4 billion to Iraq during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that Iraq was the second top export destination of the …

Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package directed at Russian oil and gas revenue. President Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to …