Asia oil crunch deepens as Middle East conflict disrupts fuel supplies

(Bloomberg) – A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back…

The Chukotka icebreaker’s emergency diesel generators tested

The Chukotka is the fifth of Russia’s Project 22220 fleet of nuclear-powered icebreakers, and is being built at the Baltic Shipyard. The keel was laid down in December 2020 and it was…

Research aims to bring MSRs closer to commercialisation

Molten salt reactors (MSRs) use molten fluoride salts as primary coolant, at low pressure. They may operate with epithermal or fast neutron spectrums, and with a variety of fuels. Much…

Contracts awarded for Dukovany control system modernisation

The ten-year modernisation project must also avoid any negative impact on the continued stable operation of the units. Czech company ZAT will be responsible for the delivery of its SandRA…

EC needs strategy in efforts to improve global nuclear safety, say auditors

The European Court of Auditors’ (ECA’s) mission is to contribute to improving European Union (EU) financial management, promote accountability and transparency, and act as the independent guardian of the financial…

US Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA Says

(Reuters) – U.S. crude stocks rose to their highest level since May 2025 last week, the Energy Information Administration said on Wednesday, as exports and imports declined. Crude inventories rose…

Trump’s Hormuz Shipping Plan is too Little, too Late in Race to Avert Energy Shock: Bousso

By Ron Bousso U.S. President Donald Trump’s current plan to revive shipping through the Strait of Hormuz via financial guarantees and security assistance will require a Herculean international effort. Get…

US Treasury Secretary Bessent Says Oil Market Well Supplied Amid Iran War

(Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday that crude oil markets are well supplied amid the U.S.-Israeli war in Iran, and that the U.S. plans to make…

Asian Markets in Free Fall as Oil Price Surge Stokes Inflation Fears

Investors in Asia are dumping technology stocks as they brace for an inflation shock from the surging oil prices that would delay interest rate cuts or even lead to increased…

Indian Refiner MRPL Declares Force Majeure on Gasoline Exports

Indian state-run refiner Mangalore Refinery and Petrochemicals Limited (MRPL) has declared force majeure on all planned gasoline export cargoes for March and April as the Middle East war is halting…