The Office of Gas and Electricity Markets (Ofgem), the United Kingdom's government energy regulator, announced on Tuesday its price cap for households for the period between April 1 to June 30, 2025, will be increased by 6.4%, or £111 per year, compared to the previous quarter.Ofgem...
Russian President Vladimir Putin said on Thursday that Western countries are using sanctions and human rights as a tool to legitimate an unfair competition in energy sector. "The motive is obvious - the West does not want competition because it cannot cope with it. It often loses in a fair fight...
Russian national nuclear energy company Rosatom plans to open a hydrogen production plant in the island of Sakhalin by 2029, according to JSC Rusatom Overseas Vice President Anton Moskvin remarks reported Tuesday by Interfax.
According to Moskvin, Rosatom already chose the place for...
The United States Department of Energy is preparing a new set of requirements to ensure that newer models of gas and electric stoves consume less energy, The Washington Post reported on Monday.
The regulations could be published middle of this week and awaken new frictions between...
The Office of Gas and Electricity Markets (Ofgem) in the United Kingdom announced on Friday its plan to raise energy bills by £16 to avoid market and consumers falling into "growing risk of 'bad debt'."
The energy regulator stated that debt that "is unlikely to be repaid" has reached almost £3 billion,...
Shell Plc Chief Executive Officer Wael Sawan stated Friday that lowering oil and gas production would harm consumers.
"I am of a firm view that the world will need oil and gas for a long time to come," Sawan told Times Radio on Friday. "As such, cutting oil and gas production is not...
Hungarian Prime Minister Viktor Orban stated Friday that Hungary will not "allow" EU sanctions on Russian over nuclear energy.
In a radio interview, Orban mentioned that in that case, sanctions "must obviously be vetoed." In the past, Ukraine has asked the EU to extend sanctions on the nuclear...
The International Energy Agency (IEA) estimated in its Oil Market Report (OMR) for January 2023 published on Wednesday that this year, the global demand for the commodity will increase by 1.9 million barrels per day (bpd) to a record 101.7 million bpd. On the other hand, the supply growth will...
European Commission President Ursula von der Leyen (pictured) confirmed Friday that the recently reached deal on the cap of Russian oil prices will be effective as of December 5.
"Today, the European Union, the G7, and other global partners have agreed to introduce a global price cap on seaborne...
Freeport LNG told LNG Prime on Friday that it expects to resume operations by the end of the year.
"Based upon current progress, and subject to us continuing to meet necessary regulatory requirements, we now anticipate that the restart of our liquefaction facility to be achieved around year-end,"...
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