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Saudi Arabia has announced the signing of an agreement with French authorities on the peaceful use of nuclear energy and future opportunities in various energy fields, including renewable energy, clean hydrogen and electricity interconnection. The pact was signed by Prince Abdulaziz Bin Salman, Minister of Energy, with the visiting French …

EU ambassadors agreed on a price cap Friday for Russian petroleum products, said the Swedish Presidency of the Council of the EU. “EU ambassadors today approved the price caps on petroleum products ahead of final adoption by the EU Council,” it wrote on Twitter. “Important agreement as part of the …

Nine EU member states, including France, have called on the European Commission to include low-carbon hydrogen – produced from nuclear electricity – in the EU’s renewable hydrogen targets. France, Romania, Bulgaria, Poland, Slovenia, Croatia, Slovakia, Hungary and Czechia made the call in a letter sent to the European Commission on …

Venezuela is making the most of the global oil shortage, in the wake of the Russian invasion of Ukraine, as the U.S. was forced to make certain concessions on its sanctions on Venezuelan crude to boost its energy security. Oil major Chevron has recommenced operations in Venezuela, and several other …

The recently established military relationship between South Korea and Poland is a multidimensional phenomenon, reaching beyond security in its traditional meaning. In fact, large-scale arms contracts are almost always politicized and followed or accompanied by intensified economic ties. Certainly, in the current circumstances, this view is shared by Warsaw and …

A spokesman for the Atomic Energy Organization of Iran has dismissed a report by the UN nuclear watchdog that says Tehran made an undeclared change to uranium enriching equipment at its Fordow facility near the city of Qom. Behrouz Kamalvandi said the report of the International Atomic Energy Agency was …

Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas. “Belgium helped France and Germany overcame their energy difficulties in 2022. We can show solidarity with our neighbours thanks to our …

Germany’s Federal Network Agency (Bundesnetzagentur) has reported that 350.4 MW of new PV capacity was installed in the country in December. By comparison, newly installed PV capacity hit 421 MW in December 2021, and 675 MW in November 2022. In 2022, new PV additions reached 7.19 GW, which compares to …

Oil prices rose on Thursday as the US dollar fell and OPEC+ decided to maintain its current production policy. International benchmark Brent crude traded at $83.38 per barrel at 9.08 a.m. local time (0608 GMT), a 0.65% increase from the closing price of $82.84 a barrel in the previous trading …

British oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices and robust demand since Russia’s full-scale invasion of Ukraine last year. Shell reported adjusted earnings of $39.9 billion for the full-year 2022. This comfortably surpasses the $28.4 billion in 2008 which Shell said …