Russia’s crude oil and diesel exports are at higher volumes than in the pre-war period with the emergence of new export destinations, particularly China and India, for crude exports and a good range of buyers for diesel exports, according to Vortexa data compiled by Anadolu. Russia’s crude oil exports plummeted …
Read More »IAEA Chief in Japan as Tokyo Moves ahead with Dumping Nuclear Waste into Sea
Amid criticism against Japan’s plans to release nuclear waste from the crippled Fukushima nuclear plant into the sea, International Atomic Energy Agency (IAEA) chief on Tuesday arrived in Tokyo to hold discussions over the issue. Ahead of releasing IAEA’s report on Fukushima nuclear plant’s water discharge plan, Rafael Grossi met …
Read More »Iran’s Natural Gas Exports Surge, Iraq Remains a Key Market
Iran’s natural gas exports to Iraq exceeded 9 billion cubic meters in 2022, according to the International Energy Institute. In a report released today, the official Iranian news agency IRNA stated that the country’s natural gas exports reached approximately 19 billion cubic meters last year, representing a growth rate of …
Read More »Spain Wants to be a Green Energy Hub, but Risks Moving Too Fast
At a port across from Gibraltar, two European monarchs made a rare joint appearance in June to bestow their imprimatur on a bold and risky endeavor. Standing alongside freight ships in Algeciras, King Felipe VI of Spain and King Willem-Alexander of the Netherlands inaugurated a new maritime corridor. The critical …
Read More »EU Climate Chief Concerned as China Expands Coal Plants
The European Union’s climate chief has expressed concern over the expansion of China’s coal industry with the building of new coal-fired plants. At a conference in Beijing, Frans Timmermans said while China was forging ahead with plans to expand its use of renewable resources such as wind and solar energy, …
Read More »NASA Sets out to Solve the Universe’s Greatest Mystery: Dark Energy
NASA and the European Space Agency (ESA) are teaming up to explore one of the biggest puzzles of the Universe: dark energy. A new space telescope, Euclid, which will explore the dark Universe, is launching in July on a SpaceX Falcon 9 rocket from Cape Canaveral in Florida. With an …
Read More »IEA Warns of a Spike in Energy Prices this Winter
Energy prices could spike again this winter, the head of the International Energy Agency has warned. Speaking to the BBC, Fatih Birol said that if China’s economic recovery from the pandemic accelerated later this year and the winter in the northern hemisphere was harsher than last year’s, prices would rise. …
Read More »China Voices Opposition to Japan’s Nuclear Wastewater Release Plan
The Chinese government has solemnly stated strong opposition on multiple occasions regarding Japan’s decision to discharge treated nuclear wastewater into the ocean, said the spokesperson of the Mission to ASEAN (Association of Southeast Asian Nations) on Monday. In a statement published on the mission’s website, the spokesperson said Japan’s planned …
Read More »Oil Prices Remain Steady as Traders Brace for Tighter Supply
Crude oil prices were little changed at the start of the week—and the second half of the year—as traders brace up for tighter supply. Saudi Arabia will this month reduce its oil output by 1 million barrels daily. It remains to be seen if it will extend the reduction beyond …
Read More »SOMO: Iraq Sells Crude Oil to Jordan below Official Price
Iraq’s SOMO, the state-owned oil marketing company, has announced that the average price of crude oil exported to Jordan reached $58.70 per barrel during the month of June. With this, Iraq sold each barrel of crude oil to Jordan last month at a price that was $12.41 lower than the …
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