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The Russian government has ratified the 2015 Paris Agreement on combating climate change, committing itself to reducing carbon dioxide emissions to 70% of 1990 levels by 2030.
Global energy prices and the scale of Azerbaijan’s energy exports will determine whether the fund can continue growing at such a rapid pace.
Montenegro, like most of the countries in the EU-aspiring region, derives a large share of its power from coal, but the decision to drop plans to build a new coal power plant is a sign countries in the region could be kicking the coal habit.
On September 14th, the Akademik Lomonosov, a first of its kind floating nuclear plant built by Russian state nuclear energy corporation Rosatom, arrived at Pevek, a port town on the remote Chukotka Peninsula in the Russian Arctic.
Russia’s Ministry of Natural Resources and Environment has estimated the total value of Russia's oil reserves at RUB74.5 trillion ($1.2 trillion), almost doubling the valuation over one year, RBC business portal reported. Total value of hydrocarbons,
Iran called Trump’s “stupid, unnecessary, incredibly dangerous bluff” says Brookings Institution academic
US Secretary of State Pompeo says of Iranians: “It’s not the case you can subcontract out devastation of 5% of world’s global energy supply and think you can absolve yourself from responsibility.”
Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.
Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.
Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.
There’s some tough talk about as White House works out how to respond to weekend’s strikes, but hesitancy shown by key officials in both Riyadh and Washington shows the Iranians may have their foes firmly on the back foot.
A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing reserves dry up.
Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.
The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."
Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.
Iran’s Zarif accuses US counterpart Pompeo of “max deceit” over claims Tehran was behind drone attacks on Saudi oil facilities
Fraught situation as world waits on US to settle on a response.
Chances of “historic photo op” of Trump with Iranians creep up as US president reportedly considers backing French credit relief for Iran
CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".
Bolton firing shows failure of US’s Iran strategy says Tehran as more sparks fly over nuclear deal and oil standoffs
Energy companies left up to their necks in debt by lira crisis.