IEA Launches Record 400-Million-Barrel Emergency Oil Release

The International Energy Agency (IEA) and its member nations have agreed to release a record 400 million barrels of oil from strategic reserves in an attempt to stabilize global energy…

Arup to support delivery of the UK’s first SMR

Arup – together with project partners LDA Design, TÜV SÜD Nuclear Technologies, Mace Consult and Gleeds – will deliver early phase foundation engineering to assist Great British Energy – Nuclear…

Urenco reports order book at record levels

His comments were part of the uranium enrichment and nuclear fuel cycle products group’s announcement of a rise in net profit to EUR 248.5 million in 2025, from EUR180.3 million in 2024,…

Construction of Bushehr nuclear power units ‘remains a priority’

Russia’s state nuclear corporation Rosatom is in the process of building two VVER-1000 units at the Bushehr Nuclear Power Plant in Iran. There is already one operating unit at the…

Second tier installed for Leningrad inner containment building

The new phase of the plant – known as Leningrad II – features two VVER-1200 units, commissioned in 2018 and 2021 respectively, with a third and fourth new unit currently under…

Study highlights economic impact of US fleet of AP1000s

The study – carried out by PricewaterhouseCoopers LLC (PwC) for Westinghouse and its owners Brookfield and Cameco – says that the construction phase of a 10-unit AP1000 fleet could generate…

US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On

The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as…

COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock

By LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating…

Trump Announces New US Refinery Backed By India’s Reliance

By and India’s Reliance to invest in refinery, buy output Deal likely to reduce trade deficit with India Fuel prices spike as US, Israel attack Iran HOUSTON, March 10 (Reuters)…

COMMENTARY: Iran War Shatters Trump’s Case for Fossil Fuels

By LONDON, March 11 (Reuters) – The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years – first with Russia’s…