World News by Wild Rose

Venezuela expects almost $76 billion of investment in its oil and gas sector over the next five years, Acting President Delcy Rodríguez said Saturday, as the country seeks to draw private capital into a push to boost energy production.

Niger banned exports of diesel and premium petrol in a bid to address fuel supply challenges that the country has been facing in recent days, the ministry of trade and industry said in a statement on its Facebook page.

Brent oil hit $110 a barrel for the first time since May as prospects for imminent supply relief dwindle, prompting traders to ramp up bullish bets ahead of the weekend.

After nearly two decades of discussions Uganda is preparing to become an oil producing nation before the end of its financial year in June 2027. This comes as East Africa works to become more energy self sufficient amid a disruption in oil flows from the Middle East conflict. Kristina Kasebayo, Head of Compliance at the Uganda National Oil Company explaind to Bloomberg Television Chief Africa Anchor and Correspondent Jennifer Zabasajja in a fireside chat at Africa Energy Week. (Source: Bloomberg)

Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)

Oil was set for a second weekly advance as increasing Middle East supply risks weighed against a fresh release of emergency reserves.

Energy Minister Daryl Vaz said on 14 October that Jamaica has shielded consumers from more than US$23 million in potential fuel price rises since February. The post Jamaica Shields US$23M From Fuel Price Rises appeared first on The Rio Times.

As South Africa’s state power utility relinquishes its monopoly over electricity provision, CEO Dan Marokane says it will remain a dominant player in the country and take on an increasingly important role in neighboring states. He spoke to Bloomberg Television’s Jennifer Zabasajja at the company’s Johannesburg offices. (Source: Bloomberg)

Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for China. High energy prices already fuel demand for Chinese renewable energy products and electric vehicles. But as a leader in building coal-fired power plants, China can also offer the global market...

Only 1,000 MW has to be procured, that too only to meet the evening peak demand, for 16 days from October 15 to 31, says Energy Resources Minister

Mr. Revanth Reddy expressed his displeasure over interruptions

Oil output from the United Arab Emirates climbed to record levels last month, the International Energy Agency said, underscoring its resilience during the Iran war and liberation from OPEC+ limits.

Chief Minister discusses opportunities in energy, automobiles, aerospace and defence with Czech delegation

Market strategists predict that the earnings season just kicking off in Europe will be a blockbuster one, with sectors including technology and energy taking the lead in beating profit estimates across the continent.

The Tamil Nadu government has clarified that due to the high power demand in the State this time, thanks to a prolonged summer-like situation, they have had to go in for such an agreement

Canadian Minister of International Trade says they see a lot of collaborative opportunities in India especially in the field of energy, mining, and food security. Maninder Sidhu spoke to Haslinda Amin on the sidelines of the Bloomberg New Economy Forum in New Delhi. (Source: Bloomberg)

Maharashtra State Electricity Transmission Co. has selected six investment banks for a planned initial public offering that could raise as much as $800 million, according to people familiar with the matter.

Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf.

The current peak power demand is 21,000 MW when compared to 16,000 MW last year — a 30% increase due to the El Niño effect, says Nirmal Kumar

This e-book explores the deep-seated tensions emerging on the path to net-zero and confronts the difficult questions that are often overlooked.

Tokyo, Oct. 13 (Jiji Press)--The Japanese government on Tuesday adopted three bills to strengthen and diversify the country's energy supply chains amid disruptions caused by the war in the Middle East. One of the bills calls for providing subsidies to refineries to help cover cost increases stemming from efforts to procure crude oil through routes outside the Strait of Hormuz. The second...

Africa is rich in energy, yet hundreds of millions Africans still live without electricity, most of the world's total.

Global diesel prices remain near record highs as Gulf producers struggle to restore refined-fuel exports, despite a recovery in crude shipments and pledges by more countries to release reserves. Net diesel exports from Gulf countries averaged 390,000 barrels per day in August, just over a quarter of their levels before the US-Israel war on Iran, according to the latest available data by the International Energy Agency (IEA) published in September. One obstacle to recovery is that Persian Gulf...

China’s thermal coal prices climbed to a three-year high as sluggish domestic production growth and disruptions in top exporter Indonesia coincide with an energy rally driven by the US-Iran war.

Saudi Arabia’s ability to supply energy remains resilient amid major market and security turmoil, Energy Minister Prince Abdulaziz bin Salman said, as the kingdom suffers attacks on energy and aviation infrastructure.

Oil slipped as traders weigh a potential energy ceasefire between Ukraine and Russia while the IEA urged members to speed up pledged diesel releases. This comes after hostilities escalated across the Middle East, with strikes by Houthis on Saudi Arabia’s Riyadh airport. Angela Wilkinson, Secretary General at the World Energy Council spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa to discuss the pressures on the energy markets. (Source: Bloomberg)

President Donald Trump said Sunday that Russia and Ukraine have agreed to an “energy ceasefire” effective immediately.

US President Donald Trump said Friday that he had secured Russia's agreement for a major release of diesel, as he eased war sanctions on Moscow in a push to lower energy costs ahead of midterm elections.