Top News

As Iran visits Gulf states to scrounge up support in the face of what many believe is an impending strike by Israel, Reuters reports that Saudi Arabia, UAE and Qatar are lobbying Washington to thwart Israel. On Thursday, Iranian Foreign Minister Abbas Araghchi told the media that the country was …

A consortium led by U.S. supermajor ExxonMobil has successfully completed the first exploration phase southwest of the Greek island of Crete and has decided to proceed with the second exploration stage, Greece’s state firm Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said on Thursday. Exxon and Helleniq Energy are …

A global company that monitors oil supply and shipment volumes announced, on Wednesday, that Iraq ranked second in crude oil exports to India over the past nine months. According to Commodities at Sea, “Russia topped the list with crude oil exports to India, supplying an average of 1.7 million bpd …

Despite the surge in renewable energy additions, the world is not yet on track to reach the goal of tripling renewables capacity by 2030, according to the Renewables 2024 report published by the International Energy Agency (IEA) on Wednesday. Global renewable capacity is expected to grow by 2.7 times by …

Saudi Arabia is poised to make a multibillion-dollar investment in green hydrogen, with plans to establish a new company dedicated to producing the low-carbon fuel, reported Bloomberg, citing sources. This initiative is part of the kingdom’s broader strategy to diversify away from oil and gas while maintaining its status as …

According to a new report from Norway’s DNV, emissions from the energy sector are set to peak this year. The peak would be driven by the increased deployment of solar generation and battery storage. The report claims emissions may eventually halve by 2050, as non-hydrocarbon sources of energy come to …

The global pipeline of floating offshore wind projects has hit 266GW, an increase of 9% over the past year, according to a new report by RenewableUK. The number of projects has increased globally during that time from 285 to 316. The pipeline includes projects at any stage: fully operational, under …

Ukrainian Prime Minister Denys Shmyhal on October 7 told Slovakian counterpart Robert Fico that Kyiv will not extend a gas-transit deal with Russia when it expires at year’s end, a move likely to increase tensions between the EU and NATO member and Ukraine, which aspires to join both organizations. “Ukraine …

Low natural gas prices, hotter summer weather, and new generation capacity sent U.S. natural gas-fired power generation to a new all-time high this summer, on some days of which gas-fired electricity made up nearly half of total power output. This summer’s record-high was hit on August 2, when America’s natural …

Russian oil companies and officials have discussed the possible ban on diesel exports for firms not producing diesel, due to rising prices and the risk of oil companies not getting their state subsidies, Russia’s Interfax news agency reported on Tuesday, quoting unnamed sources. Currently, Russia has a ban on gasoline …