The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap.
read more... 03/08/2022
The leaders of the Group of Seven (G7) large industrialised nations should incentivise the extension of the operating life of existing nuclear reactors and support the restart of others to help achieve the goal of achieving a low-carbon and secure energy supply, the nuclear industry has said.
read more... 27/06/2022
Crude oil prices increased marginally on Tuesday amid continued supply concerns and unwillingness among OPEC nations to increase output noticeably. However, the gains were limited by coronavirus measures in China and fears of a new global recession. Hence, Brent crude rose by 0.5%, to settle at $114.65 a barrel. US WTI crude added 0.7% to $109.52 a barrel.
read more... 22/06/2022
Crude oil prices increased modestly on Wednesday ongoing concerns about tight worldwide supply, exacerbated by Russia's move to cut off gas shipments to two European nations. Hence, Brent crude rose by 0.3% to settle at $105.32 a barrel. U.S. WTI crude added 0.3% to end at $102.02 a barrel.
read more... 28/04/2022
President Vladimir Putin said on Thursday (14 April) that Moscow would work to redirect its energy exports eastward as Europe tries to reduce its reliance on them, adding that European nations would not be able to ditch Russian gas immediately.
read more... 18/04/2022