Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 […]
Bulgaria and Germany signed a declaration on cooperation in energy, green policies and climate protection, the Bulgarian Energy Ministry announced on Sunday. Bulgaria’s caretaker Energy Minister Vladimir Malinov met with German Economy and Climate […]
The US presidential candidate has pledged 100% tariffs on countries that are seeking to replace the greenback in international transactions Republican presidential nominee Donald Trump has claimed that dumping the US dollar will be extremely […]
The UK imported 20% of its electricity from continental Europe between April and June 2024, continuing a trend observed in the first quarter. Experts note that higher electricity prices in the UK compared to neighbouring […]
Group chief Oliver Blume has defended job cuts, citing the ‘serious’ economic situation, according to German media The situation at the Volkswagen Group is alarming and major changes are needed for the German automobile […]
The government’s plan to build a new nuclear power station in Wales is reportedly under review. According to the Telegraph, the Energy Secretary has asked officials to reassess future nuclear projects, which puts the planned […]
Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […]
Talks between the government and the owner of British Steel over a £500 million state aid package have reportedly reached a deadlock, with plans to close blast furnaces in Lincolnshire now being considered. According to […]
Estonia has revealed that Moscow was behind a series of cyber attacks targeting several Estonian ministries in 2020, in a rare move that publically accuses another state actor of a cyber attack. Four years […]
Bullion holdings stood at nearly $190 billion as of September 1, according to the central bank Russia’s holdings of gold have reached a new high of $188.8 billion and bullion’s share in the country’s international […]
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