European stocks drop ahead of Powell’s Fed testimony
European shares faced declines on Tuesday ahead of Federal Reserve Chair Jerome Powell's anticipated testimony,…
Browsing Tag
energy sector
Ukraine witnesses 3.6% GDP growth in Jan-Feb ’24 – minister
Ukraine’s economy is showing signs of recovery, with a 3.6 per cent rise in GDP in the first two months of this…
Russia halts gasoline exports for 6 months
Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…
Low-emissions power to meet global demand – IEA
Power generated from low-emission sources like wind, solar, and nuclear will suffice to satisfy the increase in…
Shell begins layoffs to boost performance
Shell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among the first…
GUPCO starts production at North Safa oil field in Suez Gulf
The Gulf of Suez Petroleum Company (GUPCO) has started oil production from the first well at Safa North Petroleum…
Russia’s oil exports to China hit 50% in 2023
Russian Deputy Prime Minister Alexander Novak stated on Wednesday that China received half of Russia’s oil and…
COP29 still without host as Russia blocks Bulgaria’s bid
Russia, which is facing sanctions from the European Union due to its war in Ukraine, is objecting to the idea of…
Egypt, Italy sign green electric corridor MoU at COP28
The German Siemens Energy Group and the Italian Prysmian Group announced on Tuesday the signing of a memorandum of…
OPEC chief warns of energy chaos if oil left underground
At the COP28 summit in Dubai, Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General Haitham…