Reliance Industries Pivots Back to Russian Oil with U.S. Waiver

India’s largest private refiner, Reliance Industries, is sounding the market for buying Russian crude, an anonymous source told Bloomberg on Friday, after the United States on Thursday issued a temporary…

US Oil Prices Soar in Early Trading on Supply Fears Amid Expanding U.S.-Israeli War With Iran

(Reuters) – U.S. crude futures rose more than 20% in early trade on Monday, hitting ​their highest since July 2022, as the ‌expanding U.S.-Israeli war with Iran fuelled fears of…

Korean partnership to consider use of HTGRs

High-temperature gas-cooled reactors (HTGRs) are Generation IV, graphite-moderated, helium-cooled reactors (typically 100–600+ MWt) that use TRISO-coated fuel to achieve high outlet temperatures (700°C-1,000°C). They offer enhanced safety through passive heat…

Nuclear included in Japan-Canada strategic roadmap

Details of the bilateral strategic agreement and roadmap were outlined during a visit to Japan by Canada’s Prime Minister Mark Carney (see picture above). The roadmap says that “recognising the…

Oklo, Centrus explore advanced nuclear fuel joint venture

The joint venture’s activities would take place at Centrus’s Piketon site in southern Ohio, which is also near Oklo’s planned 1.2 GW power campus. According to the announcement from the…

Studsvik acquires Swedish SMR project development firm

The enterprise value of Kärnfull Next – which specialises in technology-agnostic small modular reactor (SMR) project development – in the transaction is about EUR6.5 million (USD7.5 million) on a cash-free,…

Oil tops $100 as Iran war triggers Saudi output cuts

(Bloomberg) — Oil surged above $100 a barrel as Middle East producers began cutting output amid a near-total halt of tanker traffic through the Strait of Hormuz, choking off supplies…

Aramco stock climbs as Middle East conflict lifts oil prices

(Bloomberg) – Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when…

White House Seeks Bolder Action on Energy Prices Amid Iran Conflict

Senior officials have asked the departments of Energy, Transportation and Treasury and the Environmental Protection Agency to provide more policy options, with an emphasis on measures that President Donald Trump…