Tag: energy
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South Korean prosecutors indict four major refiners over allegations of oil price collusion
South Korean prosecutors on Monday indicted four major domestic oil refiners for violating fair trade laws.
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Cargo vessel in Red Sea reports coming under attack, UK maritime body says
The incident was reported in one of the world’s most crucial trade transit routes amid a fragile ceasefire between Iran and the U.S.
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Free electricity in Australia, and other eco wins this week
Germans save an ancient woodland from coal mining, Australia gives away surplus solar power, and how one city became the world’s best place for cyclists?
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UK and France agree with Oman to ensure safety of its territorial waters
France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.
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Far-right AfD threatens eastern Germany’s energy transition
Germany’s far-right AfD wants to revive coal and nuclear power and curb non-EU immigration. Businesses in eastern Germany warn that its policies could harm the economy.
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Extreme heat wave threatens U.S. power grids and July 4 travel
The heat wave threatens to overwhelm U.S. grids and may force some to change their plans on one of the busiest travel weeks of the year.
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Saudi Arabia has ramped up oil shipments through the Strait of Hormuz since U.S.-Iran deal
Saudi Arabia is restarting its export logistics in the Persian Gulf after a three-month pause, according to Kpler.
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Nord Stream: Germany’s thwarted dream of energy security
Nord Stream delivered Russian gas directly to Germany via underwater pipelines in the Baltic Sea. When Russia invaded Ukraine, Vladimir Putin cut supplies in response to European sanctions. Not long after, sabotage brought the geopolitical project to a permanent halt.
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Oil prices wobble as breakdown in U.S.-Iran talks casts doubt over peace process
Oil prices were lower on Wednesday after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.
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KKR to control South Korea’s $1.3 billion renewables platform with SK as AI power demand rises
The announcement came after South Korea announced on Monday three massive investment projects, spanning semiconductors, physical AI and AI data centers.
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