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Energy and environment ministers of the Group of Seven wealthy nations have vowed to work to hasten the shift towards cleaner, renewable energy. But they set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo. The …

The eyes of the world are on Sapporo, Japan this weekend as energy ministers of some of the world’s largest economies, the G7, meet to discuss global climate and energy policy. In early versions of the G7 draft publication, countries emphasized financing liquefied natural gas (LNG) exports as a supposed …

OPEC+’s recent announcement of new output cuts this year will deepen an expected supply deficit in the second half of the year and risks higher prices as China’s economic rebound continues to drive growth, the International Energy Agency said April 14. OPEC+ on April 2 announced a surprise “precautionary move” …

Turkey still hasn’t resumed the flow of crude oil from Iraq, with 450,000 bpd in Iraqi oil exports still offline, anonymous sources told Reuters on Friday. The International Chamber of Commerce (ICC) ruled three weeks ago that Turkey must pay Iraq $1.5 billion in damages for receiving oil from the …

The total number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published Friday, after falling 4 last week. The total rig count fell to 748 this week—55 rigs higher than the rig count this time in 2022—still …

Russian oil exports jumped to their highest level in almost three years in March despite Western sanctions, the International Energy Agency (IEA) announced on Friday, though Moscow’s oil revenues nevertheless dropped sharply from last year. Following Moscow’s invasion of Ukraine in February 2022, the West has imposed a slew of …

This weekend sees the end of an era as Germany’s long journey away from generating power from nuclear takes place with the closure of its last three operating reactors, World Nuclear News reported on Friday. The last three operating nuclear power reactors in Germany are being permanently shut down on …

World oil demand will climb by 2 million b/d in 2023 to a record 101.9 million b/d, the International Energy Agency (IEA) said in its April issue Oil Market Report. Oil demand growth is characterized by widening regional disparities, with the non-OECD accounting for 87% of the growth and China …

Despite sanctions, Russian oil exports jumped to their highest level in almost three years in March, however, revenues were down sharply from last year, the International Energy Agency said Friday, reported The Moscow Times. The West imposed a slew of sanctions against Russia since Moscow invaded Ukraine in February 2022, …

2023 will mark the beginning of the decline in fossil fuels, following the peak of global electricity emissions in 2022, according to a new report released on Wednesday (12 April) by energy think-tank Ember. “In this decisive decade for the climate, it is the beginning of the end of the …