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India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Iraq, whom Russia has toppled to become the largest oil source for India, supplied 9,39,921 barrels per day …

Global CO2 emissions from the energy sector inched up 0.9% in 2022 to reach a new record of 36.8bn metric tons, the International Energy Agency (IEA) reported on March 3, in part as a result of soaring gas prices that led more countries to burn more coal. Last year also …

Oil prices fell in morning trading on Monday after China’s set a modest target for economic growth for this year. Brent, the benchmark for two thirds of the world’s oil, was trading 0.71 per cent lower at $85.26 a barrel at 9.58am UAE time while West Texas Intermediate, the gauge …

Italy’s Eni and the UAE’s Abu Dhabi National Oil Co. have signed a memorandum of understanding to explore collaboration in the development of renewable energy, blue and green hydrogen and carbon, capture and storage amid ADNOC’s plans to hit net zero scope 1 and scope 2 emissions by 2050. The …

With global geopolitical instability elevating the threat of cyberattacks against businesses and government agencies, the six countries of the GCC are rapidly building more robust and comprehensive cybersecurity strategies to respond to the evolving nature of cyberthreats. In a January 2023 survey of 117 global leaders from 32 countries and …

China signaled coal will retain its role as the country’s mainstay fuel even as the government continues to support the expansion of its world-leading clean energy industry. The nation that mines and burns more than half the world’s coal will keep supporting the fuel, while targeting more efficient consumption and …

India’s imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia. Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel …

A senior Iranian official has rejected claims about giving individual access to Iran’s nuclear sites based on agreements reached during a recent visit by the director of the International Atomic Energy Agency (IAEA) Rafael Grossi to Tehran. Behrouz Kamalvandi, who serves as the spokesman for the Atomic Energy Organization of …

Russia is expected to mothball the Nord Stream natural gas pipelines damaged in the sabotage last autumn as there are no plans to either put them to use or repair them soon, Reuters reported on Friday, quoting sources with knowledge of the plan. Russia plans to seal up the ruptured …

UN leader Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for throttling poor nations with “predatory” interest rates and crippling fuel prices. Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others …