Free Top Stories

South Africa declares power emergency as rolling blackouts wreak havoc on economy

23 March 2023

South Africa declares a state of disaster as it grapples with a severe energy crisis that has far-reaching impacts on its economy and society. The country's coal-fired power plants, which generate 95% of its electricity, fail to provide enough power.

Xi, Putin meeting: “Loud thunder but few raindrops”

23 March 2023

Chinese President Xi Jinping took his leave of Russian President Vladimir Putin from a two-day visit to Moscow with a smile on his face. But despite the important show of solidarity, Putin got little in concrete terms from the Chinese leader.

CEZ achieves record net income of CZK80.7bn in 2022

22 March 2023

Czech power group, which is 70% state-owned, said it could issue a record dividend of up to CZK117 a share.

Turkey bans airports from refuelling Boeings operated by Russian airlines

20 March 2023

Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.

COMMENT: The Saudi-Iran rapprochement will lead to lower tensions in the Middle East, but rivalries remain

14 March 2023

Saudi Arabia and Iran agreed to restore diplomatic ties on March 10, bringing an end to seven years of conflict between the two nations in a deal brokered by China that is expected to have wide-ranging consequences.

Iran offering crude, gas and condensate on IRENEX

14 March 2023

Iranian Oil Minister Javad Owji said at the weekend that crude oil and gas condensates would be sold to foreign customers on the Iran Energy Exchange (IRENEX). They would be available to domestic buyers at the same price during a particular period.