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Due to port maintenance works, Russian crude oil exports by sea dipped by around 100,000 barrels per day (bpd) to 3 million bpd last week and by 100,000 bpd to 3.2 million bpd in the four weeks to September 24, tanker-tracking data monitored by Bloomberg showed on Tuesday. Last week, …

China is mulling over imposing capacity fees on industrial and commercial users from 2024 to compensate local utilities for the coal-fired power capacity they have built in recent years, Bloomberg reported on Tuesday, quoting a draft of the plan it had seen. Industrial and commercial power users would be charged …

The European Union’s energy imports slipped for the second quarter in a row compared to the previous year, a reversal of a trend of significant increases in energy imports between 2021 and 2022, the European Commission said Monday. In the second quarter of 2023, compared with the same quarter of …

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 …