Oil Prices Climb 2% After Cargo Ship Hit by Projectile Near Oman

By Two U.S. officials told Reuters Iran fired on the cargo ship near the Strait of Hormuz The UN maritime agency paused its Hormuz ship evacuation effort after the suspected…

Second Taipingling unit starts up

On 30 April, China’s National Nuclear Safety Administration (NNSA) issued a 40-year operating licence for Taipingling 2. The first nuclear fuel loading operation – which involved inserting a total of…

Substation damage delaying operation of repaired Zaporizhzhia power line, says IAEA

IAEA Director General Rafael Mariano Grossi said: “Of the six temporary ceasefires that we have negotiated since late last year to help protect nuclear safety … this was the most…

UK completes return of high-level waste to Germany

“This shipment represents the culmination of decades of UK expertise, investment and commitment to safely return high-level waste to its country of origin,” Nuclear Transport Solutions (NTS) said. “It reflects…

Sogin begins re-encapsulation of uranium-thorium fuel

Between 1968 and 1970, 84 elements of irradiated fuel from the uranium-thorium cycle from the Elk River experimental reactor in Minnesota, USA, were shipped to the Rotondella plant for reprocessing…

US uranium production up again

US mines produced 1,388,000 pounds U3O8 (534 tU) in 2025, up from 677,000 pounds U3O8 in 2024. The 2025 figure was the highest since 2016’s production of 2,545,000 pounds, according…

ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease

ADNOC, the national oil company of Abu Dhabi, has cut the official selling price for July for its flagship Murban crude to $101.48 per barrel, down from $104.44 a barrel…

Middle East Fuel Oil Exports Set to Hit Four-Month High

Fuel oil exports from the Middle East are expected to rebound to a four-month high this month as tanker traffic through the Strait of Hormuz picks up and key fuel…

UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds

UK Energy Secretary Ed Miliband has vetoed a plan by the Treasury to boost North Sea oil and gas drilling in order to fund part of Britain’s increased defense funding…

Trump Calls Out Exxon and Chevron in Probe Over Alleged Gasoline Price ‘Gouging’

Summary Trump names Exxon Mobil and Chevron as part of probe ino gasoline prices US gasoline averaged $3.93 a gallon on Wednesday, AAA data showed US ​crude prices have fallen…