Trump Insists on Nuclear Deal before Lifting Hormuz Blockade

President Donald Trump told Axios he will not lift a naval blockade of Iran’s ports until he secures a deal with Tehran to address the country’s nuclear program, extending a…

Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC

After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays.…

Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

In an earnings season highlighted by a Middle East conflict that has sent oil prices soaring, Texas oil refiner Phillips 66 (NYSE:PSX) has reported first quarter adjusted earnings of $0.49…

Pakistan PM: Oil Import Costs Up 167% Since Iran War Began

Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import bill has jumped 167% to $800 million per week amid the war in Iran from around $300…

Belgian government in talks to take over nuclear power plants

Engie, the French parent of Belgian power company Electrabel, and the Belgian government said their Letter of Intent covers a proposed transaction which “encompasses the full scope of the nuclear…

Cold tests completed for Lufeng 5

Cold testing is a key moment for a nuclear power unit as it moves from the installation phase to the commissioning phase. Such tests are carried out to confirm whether…

Pilot operation completed of fuel with minor actinides

Minor actinides – notably neptunium, americium and curium – are a group of transuranic elements that do not occur naturally but are formed in nuclear fuel during reactor operation. They…

Canada announces new nuclear strategy and microreactor initiative

Hodgson made the announcement at the Canadian Nuclear Association Conference, which taking place in Ottawa from 28-30 April.  Citing the endorsement by 38 countries of the goal of at least…

Grid connection requested for US fusion power plant

An interconnection application is the formal process of requesting to “plug in” a new power plant to one of the USA’s regional transmission organisations – it kicks off a series…

Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner

(Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil…