I

Oil Price

Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales

China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.

United States

Why Gas Prices Have Soared in America

Why gas prices are high even though the U.S. doesn't depend on Russia for oil?

EU

EU's Borrell Says Nuclear Agreement with Iran 'Very Close'

Top EU diplomat Josep Borrell said on Saturday Iran and world powers were "very close" to agreement on reviving their 2015 nuclear deal.

China

China and Nepal Study Feasibility of Cross-Border Power Grid

China and Nepal will conduct a feasibility study to construct a high-voltage power transmission line across the Himalayas to facilitate the exchange of electric…

Spain

Aquila Acquires 100MWp Solar PV Portfolio in Spain

Renewables investor Aquila European Renewables Income Fund has acquired a 100MWp solar PV portfolio currently in construction in Spain, doubling its portfolio’…

Ukraine

Ukraine Impact on Energy Prices to Force UK Slowdown

Britain’s economic growth is expected to slow down as the Ukraine conflict raises the cost of energy and commodity prices.

LNG

RWE Plans Ammonia Plant at LNG Terminal Site in Germany

RWE is to build an ammonia plant at the site in Germany where it is previously announced plans for the country’s first liquefied natural gas (LNG) terminal.

Energy Transition

AfDB Pledges $2.8bn Towards South Africa for Energy Transition

African Development Bank Group President Dr Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for t…

Energy Transition

Global Leaders Vow to Strengthen Energy Security and Accelerate Clean Energy Transitions

The IEA Ministerial Meeting saw ministers gather from around the world in response to energy security and climate crises.

LNG

EU Strikes Gas Deal with the U.S. as It Seeks to Cut Its Reliance on Russia

U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukr…

LNG

U.S. to Supply 15 bcm of Additional LNG to Europe in 2022

The United States will work to ensure it supplies 15 billion cubic metres (bcm) of liquified natural gas (LNG) to European Union markets this year, as Europe se…

Oil Price

IEA Ready to Release More Oil to the Market to Cool Prices 'if Needed'

The International Energy Agency said its members are ready to release more oil into the market “if needed” to tackle soaring prices in the wake of Russia's mi…

United States

US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban

US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …

Shell to Invest up to £25 Billion in UK Energy System over Next Decade

Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.

Nuclear Fusion

Lattice Confinement – NASAs Solution for Fusion Power

NASA has been investigating nuclear fusion as a power source for deep space travel to the Moon and beyond.