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Oil Price

Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs

Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…

Oil Price

Ukraine Speeds Global Rush to Self-Sufficiency

Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…

Oil & Gas Trade

Biden Announces Ban on Russian Oil, Gas Imports to US

President Joe Biden announced Tuesday morning that the US would ban imports of #oil, natural gas and coal from #Russia. The British government also announced it…

Oil Price

Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl

Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…

Nuclear Power Plant

U.S. Ban on Russian Energy Imports Does Not Include Uranium

U.S. President Joe Biden's ban on American imports of Russian oil and other energy products, announced on Tuesday, does not include a ban on imports of uranium …

Nuclear Power Plant

IAEA Reports Second Ukraine Nuclear Facility Damaged

The International Atomic Energy Agency said Monday it has received reports of artillery shells damaging a nuclear research facility in Ukraine's besieged second…

Natural Gas

How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year

The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasio…

Nuclear Power Plant

Ukraine Regulator's Concerns Over Nuclear Sites

The State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) has expressed growing concerns about the situation at Chernobyl and at Zaporozhe, where Ukrainian n…

Natural Gas

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine

Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.

Oil Price

Petrol, Diesel Price Hikes may Restart from Next Week

Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil…

CCS

New Study Confirms CO2 Can Be Stored Below Ocean Floor Sediments

Climate change is one of the most unrelenting challenges that humanity is facing. To fight its potentially disastrous effects, researchers are looking for innov…

Nuclear Power Plant

‘Strong’ Nuclear Growth in Japan Seen in Next Two Year

A “strong growth” is expected in Japan’s nuclear power over 2022 and 2023 as nuclear power plants that have been suspended resume operations, Fitch Solutions…

Research on Enhanced Geothermal Systems Being Done in Underground PNNL Lab

An underground research facility of PNNL in South Dakota is conducting groundbreaking research on Enhanced Geothermal Systems.

Ukraine Crisis Has Rewired Thinking on Future of Energy for Europe

Effects of sanctions, informal bans, war disruption and Russian counter-measures risks supplies of fossil fuels, fertilisers, food, aluminium, metals used in ba…

Crude Oil

China Scrambles to Ensure Energy Security as Commodities Soar

China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy secu…