Keywords: Energy supply
A powerful cyclone has disrupted operations at key liquefied natural gas (LNG) facilities in Australia, affecting global energy supply at a time of heightened market volatility. Energy giant Chevron confirmed that production had been interrupted at major gas projects, including the Gorgon and Wheatstone......
Russia and Vietnam have signed an intergovernmental agreement to cooperate on the construction of the Ninh Thuan 1 nuclear power plant in Vietnam, according to Russia’s state nuclear company Rosatom. The project includes two Russian-designed reactors with a total capacity of 2,400 megawatts (MW),......
Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States,......
Hungarian energy group MOL Group has lodged a complaint with the European Commission regarding the pricing policy of Croatian pipeline operator Jadranski Naftovod. The complaint concerns what the company describes as excessive transportation fees applied to crude oil shipments through the Adriatic pipeline......
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict......
India’s largest state-run refiner, Indian Oil Corporation, has reportedly secured several crude oil cargoes scheduled to be loaded from the Red Sea port of Yanbu, according to industry sources familiar with the matter. The move reflects ongoing adjustments in global energy supply chains as geopolitical......
A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several......
Russian President Vladimir Putin is scheduled to meet Hungarian Prime Minister Viktor Orban in Moscow on Friday, the Kremlin confirmed, as Budapest seeks to secure energy supplies for the coming winter and the year ahead. Kremlin spokesman Dmitry Peskov verified the meeting after Orban released a video......
Algeria has firmly dismissed Spain's request to reinstate the Maghreb-Europe gas pipeline, which was shut down in 2021 amid diplomatic tensions over the Sahara dispute. The pipeline, once a vital route for transporting Algerian gas through Morocco to Europe, has become a focal point in the strained......
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