Kazakhstan’s Energy Ministry condemned an attack on the Caspian Pipeline Consortium (CPC) on Saturday, following Russian assertions that Ukraine was responsible. In a statement, the ministry declared that attacks on international energy infrastructure cause “substantial harm to the economic interests of consortium participants.” It further stressed that such “actions against …
Read More »Polish Energy Company Ends Russian Oil Imports
Poland’s second-largest publicly listed company, Orlen, officially ended its oil imports from Russia on Monday, following the expiration of its final contract with Russian oil firm Rosneft. According to Polish state-run TVP World, the company ended oil imports from Russia to its Litvinov refinery in the Czech Republic, cutting its …
Read More »Iran Files UN Complaint against Nuclear Watchdog Chief over Approach to its Nuclear Activities
Iran has filed a formal complaint against the head of the UN nuclear watchdog, Rafael Grossi, accusing him of partiality and passivity over Israeli attacks on the country, local media said on Sunday. In a letter to the UN Security Council, Iran’s Ambassador and Permanent Representative to the UN, Amir-Saeid …
Read More »Iran-Israel Escalation Pushes Price of Brent Oil over 11% in Week
The price of Brent oil rose by over 11% week-on-week on Monday, related to the ongoing Iran-Israel armed conflict. While it stood at $66.2 on June 9, it reached $73.7 on Monday as of 0700GMT, up by 11.3%. The escalating tensions between Israel and Iran are heightening concerns about the …
Read More »Turkey’s First Floating Gas Platform Reaches Black Sea Port
Turkey’s first floating natural gas production platform, Osman Gazi, arrived Saturday at Filyos Port in Zonguldak on Turkey’s Black Sea coast. The massive platform was sent off from the Presidential Dolmabahce Office in Istanbul on May 29 — the 572nd anniversary of Istanbul’s conquest — in a ceremony attended by …
Read More »Biden Bans Offshore Oil, Gas Drilling in most Federal Waters
US President Joe Biden announced Monday that he is moving to ban new offshore oil and gas drilling along most US coastlines. “I am taking action to protect the East and West coasts, the eastern Gulf of Mexico, and Alaska’s Northern Bering Sea from oil and natural gas drilling and …
Read More »Austria Says Russia to Stop Gas Supply from Saturday
The Austrian chancellor said on Friday that Russia’s Gazprom will stop gas supply to Austria from Saturday. “What we have been preparing for since the outbreak of war in Ukraine has happened. I was informed this afternoon that Gazprom will stop deliveries to (Austrian gas company) OMV tomorrow morning,” Karl …
Read More »Japan Makes Progress in Melted Fuel Extraction from Fukushima Nuclear Reactor
The operator of Japan’s Fukushima nuclear complex has said that it moved a “pebble-like” piece of melted fuel just outside a reactor container as part of its attempt to retrieve the radioactive debris for the first time since the plant was damaged by a massive earthquake and tsunami in 2011. …
Read More »Turkmenistan, Afghanistan Resume Work on Multibillion-Dollar Gas Pipeline Project
Turkmenistan and Afghanistan on Wednesday resumed work on the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The inaugural ceremony was held in Turkmenistan’s Salim Cheshma area and attended by the Taliban administration’s acting Prime Minister, Mullah Muhammad Hassan Akhund, the chairman of Turkmenistan’s upper chamber of parliament and former Turkmen President …
Read More »Oil Down amid Weak Economic Data from US and China
Oil prices declined on Tuesday following weak economic data from China and the US, while growing expectations that the US Federal Reserve (Fed) will lower interest rates and ongoing conflicts in the Middle East limited further price falls. International benchmark Brent crude decreased by 0.2% to $71.69 per barrel at …
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