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Oil prices will jump to $300 a barrel if the West abandons Russian oil, the country’s Deputy Prime Minister and former Energy Minister Alexander Novak said on Monday, adding that “some see it possibly reaching $500 a barrel”. The warning comes as the EU plans to discuss placing an embargo …

China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals. China, the world’s biggest greenhouse gases emitter, has said its carbon emission would peak by 2030 while it would achieve carbon neutrality …

European natural gas steadied on Tuesday as Russian supplies flow to the continent in line with orders and mild weather keeps demand in check. Dutch futures, the European benchmark, were little changed at 97 euros per megawatt-hour by 8:38 a.m. in Amsterdam, after two days of declines. Prices appear to …

Belgium has decided to postpone its nuclear phase-out scheduled for 2025 by 10 years, worried about soaring energy prices due to the Russian invasion of Ukraine. “The federal government has decided to take the necessary measures to extend the life of the two most recent nuclear reactors by 10 years,” …

German Economy Minister Robert Habeck said on Saturday that he will explore liquefied natural gas (LNG) supply on a trip to Qatar and the United Arab Emirates, and aims to secure a hydrogen deal, making Germany less dependent on Russia. Russia is the largest supplier of gas to Germany, according …

Bulgaria will not renew a natural gas supply contract with Russia’s Gazprom PJSC amid the war in Ukraine, and will look at alternative supplies and a future joint European Union contract to avoid a shortfall, Deputy Prime Minister Assen Vassilev said Saturday. The Balkan country gets almost all of its …

European states are urgently seeking policies to stem the energy inflation tide amid conflict in Ukraine which has sparked price hikes – notably of oil, which has soared past $100 a barrel. As companies and consumers alike labour under the strain with food and energy prices soaring to multi-decade highs, …

China’s largest oil-and-gas field, Changqing oilfield, had produced over 17.7 billion cubic meters of natural gas during this winter heating season, statistics as of March 15 showed. As China’s largest natural gas production base, the oilfield supplies natural gas to more than 40 major cities, including Beijing and Tianjin. For …

The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia´s invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help “relieve the strain” …

A recent study carried out by researchers at the Potsdam Institute for Climate Impact Research found that increased global temperatures caused by the emission of greenhouse gases could lead to a two-fold increase in crop pests and disease in China by the end of the century. They warn that this …