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Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap, Sources Say

Δευ, 28 Απριλίου 2025 - 20:13

Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said

EU Sets Duties on Chinese Construction Machinery

Δευ, 28 Απριλίου 2025 - 20:11

The European Commission said on Monday it had imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices

TerraPower Begins UK Design Assessment Process

Δευ, 28 Απριλίου 2025 - 20:07

TerraPower has formally notified UK regulators that it plans to begin the generic design approval process for its Natrium sodium-cooled fast reactor, a first step towards deploying the technology in an international market

Stolthaven Terminals and Rönesans Holding Unite to Develop New Terminal in Türkiye

Παρ, 25 Απριλίου 2025 - 18:47

Stolthaven Terminals, a part of UK-based provider of transportation and storage for liquids – Stolt-Nielsen, has partnered with Rönesans Holding, a Turkish contracting and investment company, on the development of a new terminal, located in Ceyhan, Adana, Türkiye

UK, Eni Agree to Go Ahead with Liverpool Bay Carbon Capture Project

Παρ, 25 Απριλίου 2025 - 18:41

The British government and Italian energy group Eni have reached an agreement for the launch of the Liverpool Bay carbon capture (CCS) project, they said on Thursday, opening the way to the construction phase for the initiative

At London Summit, Energy Sector Leaders Usher in A New Era of Energy Security

Παρ, 25 Απριλίου 2025 - 18:27

The Summit on the Future of Energy Security concluded at Lancaster House in London with a strong signal of renewed international cooperation and resolve. Co-hosted by the IEA and the UK Government, the landmark two-day event brought together decision makers from 60 governments and over 50 major energy companies, alongside international institutions and civil society organisations, to confront a major global challenge: securing the energy systems of today and tomorrow

EU to Present Roadmap in May to Phase Out All Imports of Russian Fossil Fuels

Πεμ, 24 Απριλίου 2025 - 20:03

The European Commission will in the next two weeks present a roadmap on how it intends to phase out all imports of Russian fossil fuels, its President Ursula von der Leyen said at an energy event in London on Thursday

Turkey Plans Oil and Gas Exploration in Bulgaria, Libya and Iraq

Πεμ, 24 Απριλίου 2025 - 19:58

Turkey is in talks to look for oil and gas in Bulgaria, and is also planning exploration work in Iraq and Libya, Energy Minister Alparslan Bayraktar said

Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business

Τετ, 23 Απριλίου 2025 - 19:58

Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions

Global Carbon Emission Storage Facilities Double in 5 Years

Τετ, 23 Απριλίου 2025 - 19:53

Number of facilities storing emissions from thermal power plants and industrial chimneys worldwide rises to 50

China Stops Buying Liquefied Natural Gas from the US

Τρι, 22 Απριλίου 2025 - 15:58

China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, according to shipping data showing how the Sino-American trade war has spread to energy co-operation

Global Energy Supplies Still Vulnerable to Shocks, Warns IEA

Τρι, 22 Απριλίου 2025 - 15:50

The lessons of the energy crisis following Russia’s invasion of Ukraine have not been fully learned, the International Energy Agency has said, as more than 60 global leaders are set to arrive in London for discussions on energy security

A period of low oil prices

Τρι, 22 Απριλίου 2025 - 08:25

With President Trump pausing his punitive tariffs for 90 days, it will take time before the negotiations that will follow realign global trading to the new developing international order. Already analysts project the impact of this to extend well into 2026. During this period global economic growth will be slow and, as a result, oil prices are expected to stay low. Brent now hovers around $64/b.