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BREAKING주요 뉴스
Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
Southeast Asia Needs More Power, But Its Weak Grid Could Be a Problem
The war in Iran has exposed a critical vulnerability in Southeast Asia’s energy markets. The region ...
Hormuz Crisis to Push Global Coal Demand to Record High
The International Energy Agency expects coal demand to increase this year in response to ongoing oil and gas trade constraints stemming from the closure of the Strait of Hormuz. Several countries have ...
New York’s $75 Billion Climate Liability Law Faces an Uncertain Future
In 2024, New York Governor Kathy Hochul signed a law requiring large fossil fuel polluters to pay up to $75 billion in damages. However, after two years, a federal judge has ruled that the law conflic ...
Energy Giants Are Betting Billions on a World of Longer Oil Routes
Global maritime and energy markets are currently showing two significant developments. Both indicate they should not be treated as separate market stories, but as an intertwined sector. Abu Dhabi’s AD ...
IAEA Triples Nuclear Power Forecast as Small Reactors Finally Take Off
After years of delays and plateaued development timelines, it might finally be time for the small nuclear revolution. In a brand new report, the International Atomic Energy Agency (IAEA) has once agai ...
Space-Based Solar Power Could Reach the Grid by 2028
The artificial intelligence energy crisis is catalyzing the development pipeline for space-based solar energy. As the world rushes to build up more energy production capacity in a scramble to keep up ...
Macron Calls for Another Emergency Oil Release as Europe Loses Supply
French President Emmanuel Macron is calling the G7 back to the table to discuss another release of emergency oil stocks as Europe loses Saudi crude deliveries and diesel prices push deeper into record ...
Kazakhstan Turns to Russian Gas as Domestic Demand Surges
Kazakhstan intends to increase natural gas imports from Russia. The purchase price may be low, but the overall cost could turn out to be steep because of pending new US sanctions on Russia. Under a su ...
Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge
Saudi Aramco has told European term customers they will receive no Saudi crude in October, even as the kingdom pushes roughly 60 million barrels back through the Persian Gulf after damage to its East- ...
U.S. Oil, Gas Rig Count Creeps Up With Strong Prices
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to ...
TotalEnergies and BlackRock Sign $1.8B Deal for African Oil and Gas Assets
TotalEnergies and BlackRock’s Global Infrastructure Partners (GIP) have signed a partnership agreement under which GIP will invest $1.8 billion in capital contribution toward some of the French superm ...
Russia’s $118 Billion Arctic Oil Bet Pushes Ahead Despite Sanctions
For the Kremlin, the giant Vostok Oil project in the frigid Far North is crucial to two goals: bolstering Russia’s presence in the Arctic and keeping production of the key export commodity going as re ...
INEOS Opens EU's First Full-Scale Carbon Storage Site in Denmark
An INEOS-led carbon capture and storage project in Denmark was launched on Friday to become the first full-scale CO2 storage site in the European Union, UK-based chemicals and energy group INEOS said. ...