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EU Sets Duties on Chinese Construction Machinery

EU Sets Duties on Chinese Construction Machinery

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

TerraPower Begins UK Design Assessment Process

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

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

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

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

Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business

Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business

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

China Stops Buying Liquefied Natural Gas from the US

China Stops Buying Liquefied Natural Gas from the US

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

Global Energy Supplies Still Vulnerable to Shocks, Warns IEA

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

A period of low oil prices

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.