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Russian Federation
New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission U…
Hydrogen Production
Shell, Mitsubishi Wind Power Consortium to Produce 'Green Hydrogen'
Japan's Mitsubishi Corp and Shell Plc aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the…
Crude Oil
Saudi Considering China’s Yuan for Oil Purchases
Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.
Oil Price
Petrol Prices to ‘Keep Climbing’
Sky News business reporter Edward Boyd says US inflation has hit a 40 year high, with fuel prices up 38 per cent.
Electric Car
Why Russia’s Invasion and Surge in Oil and Metals Prices is Bad News for EVs
The cost of filling up the tank of an internal combustion engine car will make people think about going electric.
Wind Farm
Vestas Halts Four Wind Farm Projects in Russia
Vestas will halt its four wind farm projects under development in Russia as consequence of Russia’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reporte…
Natural Gas
Ukraine Is Stopping Exports, but Not Transit of Natural Gas
Ukraine has stopped exporting natural gas since midnight, the Ukrainian news agency Ukrinform reported, citing a statement from the Ukrainian gas operator.
Electric Car
Tesla to Win Approval for $5.5 Billion Berlin Gigafactory on Friday
The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s 5 billion euro ($5.5 billion) gigafac…
Natural Gas
L.A. Gas Price Average Surges Past $5, a Record High
Ellina Abovian reports for the KTLA 5 Morning News at 11 on March 3, 2022.
Nord Stream 2
Germany's E.ON Rejects Halting Nord Stream 1 Pipeline
E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invadin…
Solar Power Plant
Solar Sector Welcomes News That Contracts for Difference Auctions Will Be Held Annually
From 2023, Contracts for Difference (CfD) auctions will be held annually, the UK government has announced.
Oil Price
TotalEnergies: High Oil Prices Are Here To Stay
TotalEnergies CEO Pouyanné: I've no good news to deliver, oil prices will remain high.
Electricity Trade
Oman Launches First Middle East Electricity Spot Market
Oman has formally launched an electricity spot market, the first in the Middle East, to increase the efficiency of power procurement, the state news agency said…
Wind Turbine
Turkey to Produce Domestic Wind Turbines
Turkey’s Electricity Generation Company will produce domestic wind turbines in cooperation with ASELSAN, Yeni Shafak newspaper has reported.
Market Analysis
Nuclear Energy will Require '€20 billion per year' Until 2050
Nuclear power will play a "fundamental role" in meeting Europe's energy demands, said EU Internal Market Commissioner Thierry Breton to French newspaper Journal…
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