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Citi
Oil Price
Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…
Wind Farm
Vestas Halts Four Wind Farm Projects in Russia
Vestas will halt its four wind farm projects under development in Russia as consequence of Russia’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reporte…
Natural Gas
Ukraine Is Stopping Exports, but Not Transit of Natural Gas
Ukraine has stopped exporting natural gas since midnight, the Ukrainian news agency Ukrinform reported, citing a statement from the Ukrainian gas operator.
Russian Federation
Putin Puts Nuclear Deterrent on Alert; West Squeezes Russian Economy
President Vladimir Putin put Russia’s nuclear deterrent on high alert on Sunday in the face of a barrage of Western reprisals for his war on Ukraine, which sai…
Nuclear Power Plant
IAEA Says Ukraine Nuclear Power Plants Running Safely, No 'Destruction' at Chernobyl
Ukraine's operational nuclear power plants are running safely and there has been no "destruction" at the remaining waste and other facilities at Chernobyl, …
Oil Price
Stocks Dive, Oil Surges as Russia Invades Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the …
Energy-Eficient Building
Schneider Electric Supports WEF Framework to Attract Investment Towards Decarbonization of Buildings
Schneider Electric, supports the World Economic Forum (WEF) and its launch of the Net Zero Carbon Cities Building Value Framework, a strategy aimed at attractin…
Power Construction
Millions Left without Power After Huge Blackout Hits Central Asia
Major cities in Kazakhstan, Uzbekistan and Kyrgyzstan hit by power outages after an ’emergency imbalance’ in a power grid.
Egypt
Egypt Makes Great Strides Toward Green Economy
Egypt has made great strides in implementing its national strategy on green economy and is expanding its investments to carry out eco-friendly projects to impro…
Natural Gas
New York is Banning the Use of Natural Gas in New Buildings
After several other cities in the United States, the City Council of New York passed a law banning the use of natural gas in most new buildings.
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
Wind Power Project
Wind Power Becoming too Cheap to Support Itself
Major efforts to bring down the cost of generating wind energy should be restrained, the head of a wind turbine making major has warned, citing the industry’s …
Oil Refinery
CITIC Construction Wins bid Worth 5.7 bln USD in Iraq
CITIC Construction Co., Ltd., a subsidiary of CITIC Group, has recently won the bid for the first and second phase of the AI Khairat Heavy Oil Power Plant Proje…
Oil Exploration
Empyrean Gearing up to Drill ‘First Exciting Exploration Well in China’
Oil and gas company Empyrean Energy has made significant operational progress towards spudding the LH 17-2-1 exploration well at the Jade prospect on Block 29/1…
Oil Field
Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border
Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian…
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