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The European Union (EU) is not going to reduce oil and gas imports from Russia, simultaneously keeping them from other sources, European Union’s High Representative for Foreign Affairs and Security Policy Josep Borrell told a press conference on EU-Russia relations on Wednesday, adding that Europe’s hydrocarbons consumption will go down …

Russia-to-Turkey natural gas pipeline Turkish Stream will temporarily halt gas flow on June 22-29 on its offshore lines for annual maintenance and routine diagnostics, the project company TurkStream, said today. The works will be carried out by South Stream Transport B.V., the operator of the offshore pipeline system. TurkStream consists …

Europe is so short of natural gas that the continent — usually seen as the poster child for the global fight against emissions — is turning to coal to meet electricity demand that is now back to pre-pandemic levels. Coal usage in the continent jumped 10% to 15% this year …

The International Renewable Energy Agency (IRENA) and the United Nations (UN) signed a Memorandum of Understanding (MoU) to advance the use of host-country generated renewable energy in peacekeeping missions. Under the agreement, IRENA and the UN will seek opportunities to work with countries that host UN peacekeeping operations to identify …

Crude oil prices increased on Wednesday after an anticipated fall in US crude inventories, coupled with euphoria over rising oil demand and recovery signs of the world’s largest economies. International benchmark Brent crude was trading at $74.55 per barrel at 06.57 GMT for a 0.75% increase after closing Tuesday at …

Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump, the head of the Petroleum Association of Japan (PAJ) said on Wednesday. “Global crude demand is expected to further recover in the second half of this …

The EU has historically been a major energy importer, with a majority of its oil and gas coming from Russia or the Middle East. Now, as Europe decarbonises its industry, some countries fear it could increasingly become dependent on imported hydrogen. Energy ministers from the 27 EU member states exchanged …

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran, Trend reports with reference to Reuters. Brent crude was …

Saudi Arabia is synonymous with oil, the EU is obsessed with renewable energy, and the U.S. is the world’s leading natural gas producer, but there are few countries pursuing all three of these energy sources with as much vigor as the UAE. While much of the West, encouraged by the …

Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate pledges. They issued a communiqué in which they set out their net zero commitments and called on all …