Keywords: Energy
Japan is considering a major modernization of its nuclear energy sector, with plans to replace a significant number of aging reactors over the coming decades. The initiative reflects the country’s efforts to secure long-term electricity supplies, strengthen energy independence, and support economic......
The Bulgarian parliament has approved new legislation that limits the authority of a special manager appointed to supervise the operations of Lukoil in the country, according to local media reports. The decision concerns the Russian energy company Lukoil, which is one of the largest fuel retailers in......
Indian energy company Nayara Energy has announced the successful completion of a scheduled maintenance and modernization program at its Vadinar refinery in the western state of Gujarat, marking an important step in strengthening the country’s refining capabilities. The Vadinar facility, one of......
The European Bank for Reconstruction and Development has lowered its growth forecast for the economies in its coverage area for 2026. The institution now expects aggregate expansion of 3.1 percent, a decline of 0.5 percentage points compared with its February projection. The revision reflects the economic......
Armenia has emerged as one of the latest arenas in the growing geopolitical competition between Russia and the West. As the country prepares for a crucial parliamentary election, tensions between Moscow and Yerevan continue to rise over Armenia’s efforts to deepen relations with the European Union......
As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across......
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political......
Oil market analysts and consultants meeting at OPEC headquarters in Vienna warned that supply disruptions caused by the closure of the Strait of Hormuz are likely to persist until the end of 2026, even if maritime traffic resumes in the near term. The assessment reflects the scale of the ongoing energy......
Japanese Prime Minister Sanae Takaichi on Monday urged Iranian President Masoud Pezeshkian to restore unrestricted maritime traffic through the Strait of Hormuz and show flexibility in ongoing negotiations with the United States. The conversation, the third between the two leaders, took place as diplomatic......
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