First concrete for Kaiga 5 & 6 in India approved

According to the of the consent, the present status of the project is that “Excavation activities for identified safety-related structures at Kaiga-5&6 have been completed. Post-excavation investigations for Nuclear Building,…

Agreement to build German nuclear fusion power plant

The memorandum of understanding outlines a roadmap to commercial fusion in Europe that begins with building demonstration stellarator Alpha near the Max Planck Institute for Plasma Physics (IPP) in Garching.…

US Crude, Distillate Inventories Rise, Gasoline Stocks Fall, EIA

(Reuters) – HOUSTON, Feb 25 – U.S. crude and distillate inventories rose while gasoline stocks fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 16…

US Crude Oil Imports From Venezuela Rose to One-Year High Last Week, EIA Says

(Reuters) – U.S. crude oil imports from Venezuela rose to their highest since January 2025, the U.S. Energy Information Administration’s (EIA) said on Wednesday. Imports from Venezuela rose by 290,000…

US Offers Largest Ever Energy Loan With $26.5 Billion to Southern Co

(Reuters) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office,…

Senate Democrats Blast Trump for Failing to Use Sanctions to Pressure Russia

(Reuters) – Democrats on the Senate Banking Committee on Tuesday blasted President Donald Trump for failing to ramp up sanctions to pressure Russia to end its four-year war in Ukraine,…

Russia and Iran Slash Oil Prices to Secure China Market Share

Discounts for Russian and Iranian crude have widened in recent weeks as China’s independent refiners have remained the only buyers not shunning sanctioned supply, which is amassing in floating storage…

UK Energy Bills to Drop to Nearly Two-Year Low

The average UK energy bill is set to drop by about 7% from April, to the lowest in almost two years, as the government has shifted part of the costs…

Black Sea Bottleneck Stalls Tengiz Oil Comeback

Storms in the Black Sea and alerts of potential drone attacks at a key loading terminal are slowing the ramp up of crude oil production at Kazakhstan’s giant Tengiz oilfield,…