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Offshore Wind Power
EU Confronts UK over Wind Turbines in First WTO Dispute Since Brexit
The EU has sued the UK at the World Trade Organization over UK subsidies to offshore wind farms amid a dramatic escalation of post-Brexit tensions.
LNG
U.S., German Officials to Meet this Week on LNG, Hydrogen Supplies
U.S. and German government officials will meet in Berlin this week with energy industry executives to discuss ways to boost Germany's energy supplies, as Russia…
Crude Oil
Ukraine Crisis: Why India Is Buying More Russian Oil
Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports fro…
Wind Farm
Ørsted Sells 50% Stake in 1.3GW Hornsea 2 Wind Farm
Ørsted has signed an agreement to divest a 50% ownership stake in the UK’s 1.3GW Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts and Créd…
OPEC
Russia Will ‘Always’ Be a Part of OPEC+, UAE Energy Minister Says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun …
Offshore Wind Power
UK Faces 60 Billion STG Wind Bill and Rising Energy Import Dependence Risk
Some 60 billion pounds is required if Britain is to achieve its goal of quadrupling its offshore wind power capacity to 40 gigawatts by 2030.
Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Crude Oil
U.S. Oil Exports Surge, Drawing Crude away From Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub …
Nuclear Reactor
Most Japanese Back Nuclear Power for First Time Since Fukushima
For the first time in more than a decade, a narrow majority of Japanese now support restarting idled nuclear reactors.
Natural Gas
Will Importers Cave into Putin’s Gas for Rubles Demand?
Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching imp…
United Kingdom
Industry Body Says Offshore Fields Can Support 40% of UK’s Gas Consumption
The UK’s offshore fields can support around 40% of the country’s gas consumption and two-thirds of its oil consumption over the next two years.
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
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…
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 …
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