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GULF ON EDGE: Saudi Arabia hit by ratings downgrade as reverberations from oil attacks spread

30 September 2019

In possible sign kingdom is backing off from potential conflict, Iran says third countries have delivered messages from Riyadh.

IRAN STAND-OFF: Sour conclusion to UN Assembly week as Trump denies ever offering to drop sanctions for talks

27 September 2019

Relations deteriorate further as Iran's president says United Nations HQ in New York should be moved to a “better country”. Meanwhile, Turkey’s Erdogan returns home saying Ankara will defy Washington by buying oil and gas from Islamic Republic.

Poland launches its first new coal mining operations in 25 years

27 September 2019

Poland opened its first new coal-mining facility Bzie-Debina since 1994 this week, built by the biggest EU producer of coking coal Polish mining company Jastrzębska Spółka Węglowa (JSW) near the town Jastrzebie-Zdroj, close to Czech border.

Moldova signs €264mn funding package to connect to Romania’s power grid

27 September 2019

Project is of critical importance for the diversification of Moldova’s electricity supply — but highlights the need for more generation capacity in Romania.

The cost of carbon in Russia, braced to implement the Paris Accord

26 September 2019

Russia ratified the Paris Climate Accord on September 23, committing itself to reducing CO2 emissions to 70% of the 1990 levels. Massive forests and investment into improving energy efficiency have left Russia in a strong position to reduce CO2.

Russia's Gazprom moves ahead in buying out large subcontractors

26 September 2019

Natural gas giant Gazprom reportedly closed a deal to buy out 100% of its largest subcontractor Stroygazmontazh controlled by stoligarch Arkady Rotenberg.

Turkey “barely trying” to cut carbon emissions says National Geographic

25 September 2019

“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.

Russia signs off on Paris accord, sets itself an easy CO2 target

24 September 2019

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.

Unpacking Azerbaijan’s sovereign wealth record

24 September 2019

Global energy prices and the scale of Azerbaijan’s energy exports will determine whether the fund can continue growing at such a rapid pace.

Enthusiasm for coal starts to burn out in the Western Balkans

23 September 2019

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.

COMMENT: Fear mongering on nuclear power is imperilling the planet

20 September 2019

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.

Russian government values oil reserves at $1 trillion

20 September 2019

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’s Zarif issues “all-out war” warning

19 September 2019

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.”

SAUDI OIL ATTACKS: Iran warns of wider conflict, Trump becomes unlikely fan of UN

18 September 2019

Riyadh presents debris it says shows Tehran at least sponsored pre-dawn strikes, Houthis stage press call to substantiate their military capabilities.

Poland and Lithuania say Nord Stream 2 is energy security threat in CEE region

18 September 2019

Warsaw and Vilnius fear Moscow will use the pipeline as a geopolitical tool against the region, Ukraine in particular.

Poland hints at stopping purchases of Russian gas altogether

18 September 2019

Poland finally has the infrastructure to reduce dependence on Russian gas, after it built an LNG terminal in the western town of Swinoujscie.

SAUDI OIL ATTACKS: US reaches the Iran Rubicon

17 September 2019

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.

NEWSBASE: Market reels as Aramco facilities come under fire

17 September 2019

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.

Trump stops short of pinning definitive blame on Iran for Saudi oil attacks

17 September 2019

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.

NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

16 September 2019

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."