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At UN France, UK, Germany state Iran was responsible for attacks on Saudi oil facilities
Enthusiasm for coal starts to burn out in the Western Balkans
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.
Rouhani to present Gulf security peace plan at UN gathering in New York
COMMENT: Fear mongering on nuclear power is imperilling the planet
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
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
Iran’s Zarif issues “all-out war” warning
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
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
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
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
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
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
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
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."
Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way
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.
Putin to decide on $40bn tax breaks for Arctic oil
Chances of “historic photo op” of Trump with Iranians creep up as US president reportedly considers backing French credit relief for Iran
Czech energy giant CEZ buys a stake in German solar start-up Zolar
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
Turkey’s banking association expects $10bn of electric utility loan restructuring this year
Energy companies left up to their necks in debt by lira crisis.
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