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LATEST NEWS FROM ENERGY
Energy
EU's uncertain stance on Russian nuclear fuel holds back investments, Urenco CEO says
Uncertainty over whether the European Union will ban Russian nuclear fuel is delaying investment in Europe's uranium enrichment industry, Urenco's CEO said, with the bloc still to...
Energy
Russian seaborne oil product exports dropped 33% in July, data from sources shows
Russia's seaborne oil product exports dropped 33.3% on a daily basis in July from June and 54.7% from the same month a year ago to 3.93 million metric tons, as Ukrainian drone at...
Energy
ADNOC unbound: War, OPEC exit launch Emirates oil giant on quest for growth
The gloves are off for ADNOC.
Energy
India's Petronet says no clarity on September LNG supplies from Qatar
India's top gas importer Petronet LNG does not yet have a definite liquefied natural gas supply plan from its leading supplier Qatar, its CEO said on Thursday, as the Middle Easte...
Energy
Diesel prices overtake jet fuel in Europe as global shortage widens
Diesel cargoes are costing more than jet fuel in Europe for the first time in more than a year, LSEG data showed, as the continent replaces lower Middle East air fuel shipments w...
Energy
Saudi Aramco handles September Asia crude allocations on ad hoc basis, sources say
Saudi Aramco is handling September crude allocations to some of its Asian term customers on an ad hoc basis after Middle East hostilities disrupted the kingdom's exports, three s...
Energy
Record-low Danube exposes climate risk to Hungary's and Romania's nuclear power
Record low river levels have left Hungary straining to keep its nuclear power plant running while Romania was forced to shut down its last working reactor, raising questions about ...
Energy
EU curbs on Chinese solar inverters to bolster European suppliers, SMA Solar says
A European Union ban on public funding for utility-scale solar inverters from "high-risk" countries is set to shift the market towards European suppliers, SMA Solar's chief execut...
Energy
Are global oil stocks big enough to weather another six months of US-Iran war?
As the U.S.-Iran war drags on with no end in sight, oil traders and policymakers are grappling with a critical question.
Energy
TotalEnergies' Totsa offers Iraqi crude outside Strait of Hormuz, traders say
Totsa, the trading arm of TotalEnergies , is offering Iraqi crude for loading outside the Strait of Hormuz, three traders said on Thursday, as continued disruption to shipping t...
Energy
Beaten Venezuelans brace for more severe power, water cuts as El Niño looms
Less than two months after devastating twin earthquakes left more than 6,000 dead, Venezuelans are being called by the government to save power and water.
Energy
Heron Power plans $100 million factory for advanced electric grid equipment
Heron Power, a startup run by a former senior executive of EV maker Tesla, said on Thursday it plans to build a $100 million factory in California to make advanced transformers fo...
Energy
Ukrainian attack shuts Russia's Orsk refinery for months, causing fuel problems
An oil refinery in the Russian city of Orsk that was hit by a Ukrainian drone strike two days ago has been forced to shut down completely, and repairs could take up to six months...
Energy
Heatwave expected to remove 15% of France's nuclear capacity on Friday
Europe's fifth heatwave this summer is expected to trim French nuclear power production by about 15% of the nuclear fleet's total capacity on Friday, with six reactors expected to...
Energy
Bangladesh curbs power use as gas shortages worsen
Bangladesh is intensifying electricity-saving measures as the country grapples with gas shortages, power cuts and the broader fallout from the Iran crisis.
Energy
Romanian Nuclearelectrica starts shutting down sole working nuclear reactor
Romanian state-owned nuclear power producer Nuclearelectrica has started the process of disconnecting its sole working reactor from the power grid due to record low Danube river ...
Energy
Antofagasta first-half earnings rise as higher copper prices offset output decline
Chilean miner Antofagasta posted a 27% increase in half-year core earnings on Thursday as high prices for energy transition material copper offset lower production.
Energy
Offshore wind developer Orsted Q2 beats estimates
Danish offshore wind farm developer Orsted reported on Thursday a second-quarter core profit above forecast and said it was on track to deliver on its financial guidance for t...
Energy