energy
Africa is experiencing a surge in energy development, with both fossil fuel and renewable energy projects on the rise...
A five-year deal for Russian gas flows to Europe, which transit through Ukraine, is set to expire on Dec. 31...
Ukraine has emphatically stated that it would not discuss the idea of continued Russian gas transit with Russia...
...overall crude stocks drewdown for the 5th straight week.
...oil supply jump scares in the Middle East, a surge in electricity demand, and a nuclear renaissance were all among the hallmarks of 2024, along with a pickup in natural gas demand.
The first phase of the plan will focus on the construction of a Small Modular Reactor (SMR) at the Atucha Nuclear Power Plant...
India is no longer the biggest buyer of Russian crude...
Power prices in the EU are up to three times higher than in the United States,...
A simple straight line between supply and demand illustrates why XL was - and is - needed, says one expert.
Bulgaria’s Lukoil Burgas refinery continues to process Russian oil via shadow fleet transfers...
"Regardless of the dominant fuel type of their surroundings, highly populated cities frequently exist as enclaves of natural gas customers."
...but Gasoline stocks rose for the 5th straight week...
...as the UK and the EU have ramped up sanctions on the so-called shadow fleet used by Russia to ship its crude oil and petroleum products.
...nuclear power's promise as a key component for a “net zero” future of clean, reliable energy... is likely to fall short, however, due to some hard realities.
“We work on sanctions against the Russian shadow fleet. This should be supported at the level of the entire European Union. It is the tanker fleet that provides Putin with the largest part of the income for the war against Ukraine.”
Germany’s power margin, the available electricity supply to meet demand, has dropped this week to the lowest level so far this winter, as low wind speeds and colder weather are straining the power system...
Europe's energy woes highlight the continent's vulnerability in the global energy market, particularly with the looming end of Russian gas supplies...
Despite another weekly addition to the SPR, total crude stocks fell for the third week in a row...