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Crude Oil

More Oil From U.S. Strategic Petroleum Reserve Heads to Europe

Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…

Natural Gas

European decarbonisation and Fuel Independence From Russia ‘Impossible Without Energy Storage’

The European Union has no choice but to develop a coherent strategy on energy storage if it is to achieve its decarbonisation goals and end its dependency on Ru…

Net Zero Emission

UAE Ahead of the Curve as It Pursues 2050 Net-Zero Target, Enec Chief Says

The UAE is ahead of the curve as it works towards reaching net-zero emissions by 2050 due to its investment in several clean energy projects, a senior official …

SMR

Tractebel to Conduct Nuward SMR Conceptual Design Studies

Tractebel is to contribute to the development of France's Nuward small modular reactor (SMR) project. The Belgian engineering firm will conduct studies for the …

Crude Oil

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…

Oil Price

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …

Oil & Gas Trade

Possible to Pay for Russian Gas While Complying with Sanctions - Uniper

Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even t…

Crude Oil

EU Prepares ‘Smart Sanctions’ on Russia

The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…

Crude Oil

German Industry Fears Immediate Russian Gas Ban

As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition.

Russian Federation

New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper

The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission U…

Coal Trade

How Much Coal in Europe Comes From Russia?

The European Union announced last week that it would ban Russian coal, the latest escalation in sanctions as the war in Ukraine drags on.

Natural Gas

EU, Egypt to Boost Cooperation on Natural Gas, Cabinet Says

Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Tim…

Coal Trade

Germany Will Need Full Transition Period to Ban Russian Coal

Germany will need to use the full four-month phase-out period to implement a ban on Russian coal under European Union sanctions, Chancellor Olaf Scholz said on …

Floating Solar Project

Nigeria and the Netherlands to Join Forces on Renewable Energy

The Netherlands have hosted a delegation of entrepreneurs and senior government officials from Nigeria, to discuss collaborations in areas including the circula…

Hydropower Plant

Analysing Europe’s ‘Hidden Potential’ for Small and Micro Hydropower

Diversion-type, run-of-river (DROR) hydropower schemes in the European Union have the potential to provide from 79 TWh to 1,710 TWh of electricity annually, acc…