Crude oil prices strengthened on Friday, as brokers secured positions in a market still buoyed by fears of global supply disruptions due to the war between Russia and Ukraine. As a result, Brent oil and WTI crude both soared by 3.1% to $112.67 a barrel and $109.33 a barrel, respectively.
read more... 14/03/2022
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.
read more... 14/03/2022
Ukraine’s nuclear power company Energoatom has informed International Atomic Energy Agency (IAEA) that the power supply to Chornobyl nuclear power plant (NPP) has now been restored.
read more... 14/03/2022
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday (10 March) and debate how quickly to ditch their key supplier, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.
read more... 11/03/2022
Berlin has ruled out extending the lifetime of its existing nuclear fleet, brushing aside energy security concerns after Moscow threatened to halt gas supplies to Germany in retaliation for Western sanctions in the ongoing Russia-Ukraine war.
read more... 09/03/2022