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The US-led price cap on Russian oil exports has failed and “almost no Russian oil is being sold for less than $60”

The US-led price cap on Russian oil exports has failed and “almost no Russian oil is being sold for less than $60” the Financial Times reported on November 14, according to Western experts and Russian export data.

October 2023 capped the hottest 12 months in recorded history

A new analysis of international data, released by Climate Central, reveals that global temperatures have broken records over the past 12 months.

INTERVIEW with Christine Williams: Loadshedding is just a symptom of a much bigger problem that Eskom is now expected to resolve

Loadshedding is just a symptom of a much bigger problem that Eskom is now expected to resolve, said Christine Williams during an exclusive AfrElec interview.

Turkish power generator Karpowership to start supplying South Africa electricity in 2024

Turkey’s power generator Karpowership, which has the world's largest fleet of floating power stations, expects to start producing 450 MW of electricity in South Africa in 2024.

AsiaElec: Taiwan nears a decision on its nuclear future

FSUOGM: All eyes on Turkmenistan's methane emissions

EurOil: EU lawmaker seek ban on Russian LNG imports

AsianOil: Murphy targets 2026 for first Southeast Asia offshore oil production

Russia reportedly prepares to lift fuel restrictions

Russian fuel producers have been informed by the government that they should get ready for the lifting of restrictions on diesel and gasoline exports.

LatAmOil: Suriname launches Shallow Offshore 2 Bid Round

AfrOil: Mozambique, Tanzania to sign agreement on sharing of offshore gas

Report links Ukraine’s top general Zaluzhny to the Nord Stream 1 & 2 pipelines bombing

Roman Chervinsky, a colonel in Ukraine’s Special Operations Forces, was an integral part of the destruction of the Nord Stream 1 & 2 pipelines, an investigation by the Washington Post and Der Spiegel reported on November 11.

Voltalia to build two power plants in Uzbekistan

DMEA: Libya discusses domestic biofuel production

MEOG: Lukoil extends WQ-2 contract

NorthAmOil: Judge rejects legal challenge to ConocoPhillips’ Willow

AfrElec: Eskom's costly logo design tender draws sharp criticism

EC to investigate Bulgaria for exploiting Russian oil sanctions loopholes that earned the Kremlin €1bn

The European Commission will investigate Bulgaria for exploiting loopholes in the oil sanctions regime against Russia that have earned the Kremlin $1bn.

GLNG: Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2

REM: Almost no large companies meet UN’s target climate guidelines, says study

Almost no large companies meet UN’s target climate guidelines, says study

As many as 50% of the world’s largest companies have a net-zero target by 2050, but only 4% of major companies meet the UN’s target climate guidelines.

Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war

The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.

Cleaner air is accelerating global warming

The reduction in atmospheric pollution, often associated with burning coal, oil, and fossil fuels, has led to clearer skies and that means more sunshine, which paradoxically is actually exacerbating global warming, not preventing it.

AsiaElec: Western nations in an uphill battle in the clean energy race with China

NorthAmOil: Profits down at Exxon, Chevron but still buoyant