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Pakistan has openly acknowledged its acute vulnerability to the global oil shock, conceding that it lacks strategic reserves to shield itself from soaring fuel prices.The admission came as crude surged to $126 per barrel, the highest level since 2022, amid continued obstruction of shipping through the Strait of Hormuz.Petroleum Minister Musadik Malik, speaking to Samaa TV, revealed that Islamabad
Greg Jackson argues against costly investments in UK’s power grid that are adding to household billsThe boss of the UK’s biggest energy supplier has suggested that some households would accept an occasional electricity blackout in exchange for much low…
Colombia hosted nearly 60 countries at pivotal time on world stage for fight to transition to a clean energy futureLooking out to sea from the grey sandy beaches of Santa Marta, on Colombia’s Caribbean coast, it is never hard to spot evidence of the co…
India’s crude oil imports averaged 4.4 million barrels per day between 1 and 26 April, marking a decline of about 15 per cent compared with February’s intake of 5.2 million barrels per day. This reduction highlights the strain on supplies as regional disruptions continue to weigh on energy flows.Efforts by the United Arab Emirates and Saudi Arabia to bypass the Strait of Hormuz have provided some
Several companies in the United States are advancing the development of small modular reactors as a new approach to nuclear energy. The aim is to reduce capital costs and improve flexibility in deployment, according to a report by the U.S. Energy Information Administration.The report noted that the United States currently operates about 98 gigawatts of nuclear generating capacity, but very little
Exclusive: Government should back projects that prioritise renewables to protect consumers from ongoing price shocks, they sayGet our breaking news email, free app or daily news podcastFormer oil and gas industry leaders, including senior executives fr…
Nearly 60 countries back voluntary roadmaps to wean world off coal, oil and gas, at conference prompted by frustration with UN climate summitsBusiness live – latest updatesEurope live – latest updatesGovernments have been asked to develop national “roa…
WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1b…
India has achieved a significant milestone in its nuclear energy program with the operational clearance granted to NFC-Kota by the Atomic Energy Regulatory Board. This development represents a major boost to the country’s clean energy momentum and strengthens the national nuclear fuel cycle.With this approval, the Nuclear Fuel Complex, the power reactor fuel manufacturing arm of the Department of
External Affairs Minister S Jaishankar received a phone call from Iranian Foreign Minister Seyed Abbas Araghchi on Wednesday evening. The two leaders held a detailed discussion on the present situation and agreed to remain in close contact.The Embassy of Iran in India confirmed that the conversation covered the latest developments related to the ceasefire, bilateral relations, and wider regional