Top News

The chief of the International Atomic Energy Agency (IAEA) said Saturday that there was no internal disagreement among the agency’s team of experts responsible for producing the recently published comprehensive report on Japan’s plan to discharge contaminated water from the crippled Fukushima plant. “There is no disagreement. This is the …

China’s Foreign Ministry has announced that Beijing will continue its attempts to restore the US-abandoned 2015 nuclear agreement “at an early date”. Speaking at a regular press conference on Friday, Foreign Ministry spokesman Wang Wenbin said the unilateral withdrawal of the United States from the nuclear deal, formally known as …

Iraq plans to boost its gas output by 1,500 million cubic feet over the next five years, through its recent initiative to licence exploration operations across 10 oil and gas fields in west Iraq and 13 sites on the country’s western border, stated the Minister of Oil Hayan Abdulghani. Abdulghani …

Shell Plc’s earnings from natural gas trading will be significantly lower in the second quarter, due to seasonal shifts in the market. Oil and gas production will also be down compared with the first three months of the year due to field maintenance, while the company’s chemicals business is expected …

At least four buyers of Saudi crude oil from Asia and Europe have changed their plans for future orders after the kingdom announced its latest price hike, Bloomberg has reported, citing unnamed sources. Earlier this week, Saudi Arabia said it would increase the Dubai/Oman premium of its flagship Arab Light …

The European Union is going ahead with plans to leave the Energy Charter Treaty, which climate activists have slammed as playing for the hydrocarbons team. The Financial Times reports that the European Commission is later today set to propose a joint exit from the Treaty, after several individual member states …

Crude oil prices were set for their second consecutive week of gains today as supply concerns began to seep through a preoccupation with demand. The latest inventory data from the United States helped alleviate concerns about demand, according to Reuters, as the EIA reported a larger-than-expected draw. Even though it …

South Korean inquiry found Japan’s plan to discharge treated wastewater from the tsunami-wrecked Fukushima nuclear power plant to be “consistent with international safety standards,” the government announced Friday. Bang Moon-kyu, the government policy coordination minister, said the plan proposed by the Japanese government met international standards, including those of the …

Concerned about energy security, Europe and China are in an intensifying competition to sign long-term supply deals with U.S. LNG developers and exporters. The race for LNG supply indexed to Henry Hub prices and with flexibility clauses to resell the cargoes if not needed gives buyers certainty about long-term supply …

The United Arab Emirates won’t be making further voluntary OPEC+ oil production cuts at the present time, said the country’s energy minister. The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the …