Top News

The Court of Justice of the European Union upheld on Thursday a lower tribunal’s ruling which had said that Russia’s access to the OPAL gas pipeline should be limited. The court case is a win for Poland against an appeal of the lower court’s ruling filed by Germany. The OPAL …

OPEC and its allies, a group known as OPEC+, plan to hold their next meeting on Sunday to decide on their output policy, two OPEC+ sources told Reuters.

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow for the size of the world’s remaining recoverable oil …

The United Arab Emirates has resolved its standoff with OPEC+ and reached a compromise deal that will give it a new output quota, said a delegate. The cartel will set a new date for a meeting soon, the delegate said, asking not to be named because the information was private. …

President Biden and Chancellor Angela Merkel agreed to disagree on the Nord Stream 2 gas pipeline project of Gazprom during Merkel’s visit to Washington. Per a Reuters report, President Biden said, “Good friends can disagree,” with regard to the pipeline, which the United States opposes with the argument that Russia …

The demand for global electricity is growing faster than renewable energy capacity and therefore will require more power to be generated from fossil fuels. That’s according to a new report from the International Energy Agency (IEA), which found renewable energy is not expanding quickly enough to meet the strong rebound …

A proposed new EU-wide fuel taxation system based on energy content rather than volume seeks to end incentives for petrol and diesel, aiming instead to support the uptake of green biofuels, renewable hydrogen and synthetic fuels. The European Commission tabled a revision of the 2003 energy tax directive on Wednesday …

Iranian heavy oil price increased $4.96 in June to register a 7.4-percent rise compared to the previous month, according to OPEC’s latest monthly report published on Thursday. Iranian heavy crude oil price followed its upward trend since the beginning of the current year to reach $71.68 per barrel in the …

Nord Stream 2 should complement, not completely replace, gas transit through Ukraine, as another scenario will cause tensions, German Chancellor Angela Merkel said after meeting with US leader Joe Biden in Washington on July, 15. “For me, Nord Stream 2 is an additional project, not a project instead of gas …

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year. This is resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report …