Unprofitable coal-fired power plants and uncertainty about electricity and natural gas prices and the cost of carbon emission allowances have forced Czech energy firm Sev.en to decide to close three coal plants by March 2027 at the latest. Sev.en, owned by Czech energy investor and billionaire Pavel Tykac, on Wednesday said it would close its coal-fired power plants at Pocerady, Chvaletice, and Kladno at the earliest possible legal deadline, December 2026, or in March 2027 at the latest. The closure of the three major coal plants will remove 2.4…

Unprofitable coal-fired power plants and uncertainty about electricity and natural gas prices and the cost of carbon emission allowances have forced Czech energy firm Sev.en to decide to close three coal plants by March 2027 at the latest. Sev.en, owned by Czech energy investor and billionaire Pavel Tykac, on Wednesday said it would close its coal-fired power plants at Pocerady, Chvaletice, and Kladno at the earliest possible legal deadline, December 2026, or in March 2027 at the latest. The closure of the three major coal plants will remove 2.4…

Unprofitable coal-fired power plants and uncertainty about electricity and natural gas prices and the cost of carbon emission allowances have forced Czech energy firm Sev.en to decide to close three coal plants by March 2027 at the latest. Sev.en, owned by Czech energy investor and billionaire Pavel Tykac, on Wednesday said it would close its coal-fired power plants at Pocerady, Chvaletice, and Kladno at the earliest possible legal deadline, December 2026, or in March 2027 at the latest. The closure of the three major coal plants will remove 2.4…

White House envoy Steve Witkoff will travel to Moscow next week, the Kremlin said, amid accelerating efforts to cement a US-backed peace proposal that many Ukrainians -- and European leaders -- are wary of.The meeting in Moscow, confirmed by foreign policy adviser Yuri Ushakov on November 26, came hours after US President Donald Trump suggested Witkoff, and possibly Trump's son-in-law Jared Kushner, would fly to the Russian capital.Witkoff, a real estate developer with no diplomatic background whom Trump has charged with leading efforts to find…

Abu Dhabi-based energy firm Global South Utilities (GSU) will implement solar, wind, and distribution networks expansion projects in Yemen worth $1 billion as the United Arab Emirates continues to fund energy projects in the war-torn country. “This one-billion-dollar portfolio expands an energy system capable of supporting a larger economy and a more active market in Yemen,” GSU’s chief executive Ali Al Shimmari said in a statement carried by Reuters. Global South Utilities (GSU) was founded with a mission to deliver sustainable,…

Abu Dhabi-based energy firm Global South Utilities (GSU) will implement solar, wind, and distribution networks expansion projects in Yemen worth $1 billion as the United Arab Emirates continues to fund energy projects in the war-torn country. “This one-billion-dollar portfolio expands an energy system capable of supporting a larger economy and a more active market in Yemen,” GSU’s chief executive Ali Al Shimmari said in a statement carried by Reuters. Global South Utilities (GSU) was founded with a mission to deliver sustainable,…

Crude oil inventories in the United States increased by 2.8 million barrels during the week ending November 21, after losing 3.4 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 426.9 million barrels according to government data, which is 4% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories…

European traders and fuel importers are currently steering clear of diesel from the Dangote refinery in Nigeria, Africa’s biggest and newest, because the current fuel samples contain sulfur and other components exceeding the European winter fuel specifications, traders and market sources tell Argus. Despite the tight fuel market in the European region, buyers are avoiding diesel from the Dangote refinery because of elevated sulfur and cetane numbers.   The current lack of exports from Nigeria to Europe is due to diesel not meeting…

The Labour government is set to hold fire on pushing through sweeping reforms to nuclear energy due to a legal adviser’s concerns over the “UK’s environmental, trade and human rights obligations”, it has been reported.  The Innovate UK member John Fingleton published a damning report on red tape blocking the expansion of the country’s nuclear industry on Monday. His extensive report prompted calls from across the political spectrum for Rachel Reeves to accept recommendations easing planning rules and lowering…

Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday's session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia. At the time of writing, Brent crude was trading at around $62.72 a barrel while West Texas Intermediate was changing hands at $58.17 - both up by 0.38%. Against a backdrop of increasingly bearish signals, the American Petroleum Institute provided a rare piece of positive news for oil prices, with U.S. inventories falling…

Nayara Energy has spent the past four months navigating one of the most complicated sanction environments in its history, yet instead of retreating, the Rosneft-backed refiner is quietly re-wiring its entire crude-sourcing and fuel-export strategy. After EU sanctions in July forced its 400,000 b/d Vadinar refinery to slash throughput, and October’s US sanctions on Rosneft added further pressure, Nayara’s crude imports briefly collapsed to just 240,000 b/d, sourced from exclusively Russian suppliers. But by October and November, the…

The global energy and industrial sectors run on rare earth elements (REEs), a group of 17 metals indispensable for everything from EV batteries and smartphones to wind turbines and catalytic converters. While REEs are often found in small quantities, generally as trace impurities bound with similar elements, they are not exactly rare, with some like cerium more abundant than lead. However, only ~1% of rare earth elements (REE) are recycled globally due to the complexity of separating them from other materials, the low concentrations in products,…

China has launched a first-of-its-kind power generator that works with carbon dioxide instead of steam, like traditional generators in power plants. Perhaps more importantly, however, the new generator works with waste heat and boasts a much higher efficiency than existing ones at doing that. According to the company that designed it, the generator is the start of a new era, the South China Morning Post reported. Normally, thermal power generators work in one of two ways, both relying on heat to turn a turbine. In coal power plants, the burning…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 1.9 million barrels in the week ending November 21. Crude oil inventories gained 4.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 7.4 million barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 500,000 barrels to 411.4…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 1.9 million barrels in the week ending November 21. Crude oil inventories gained 4.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 7.4 million barrels for the year, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 500,000 barrels to 411.4…

For the past decade, the defining narrative of the global energy sector has been the transition of supply. Governments, utilities, and investors have focused almost exclusively on shifting generation assets from fossil fuels to renewables, retiring coal plants in favor of wind farms and solar arrays.... The narrative for the next decade, however, is currently being rewritten by a structural shift in demand that few predicted would happen this quickly: the exponential rise of the data center. As Artificial Intelligence (AI) transitions from theoretical…

On 16 November 2025, at the Seventh Consultative Meeting of the Heads of State of Central Asia, the presidents of the “C5,” the Central Asia republics of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, announced the Republic of Azerbaijan would join the group, now christened the “C6.” In October 2023, President Ilham Aliyev of Azerbaijan attended the Fifth Consultative Meeting of the Heads of State of Central Asia and noted, “Azerbaijan is a reliable transit country along the route to…

The recently revealed 28-point peace framework promoted by Donald Trump’s team has been presented as a pragmatic blueprint for ending the war and rebuilding Ukraine. Yet beneath the diplomatic wording sits a highly strategic energy and raw-materials design, one that risks locking Ukraine into a future defined by fossil-fuel dependency, American control over vital resources, and a European Union sidelined at precisely the moment when its leadership is most needed. This is not only a peace plan, but it is also an energy settlement disguised…

Iraq has quietly stepped in to keep one of its most important oilfields from wobbling. After two months of unpaid wages at Lukoil’s West Qurna-2, Baghdad has begun paying local staff directly, advancing December salaries to prevent a slowdown at a field that supplies roughly 0.5% of global oil and nearly a tenth of Iraq’s output—production that Iraq cannot replace from elsewhere. This is the first visible stress fracture in West Qurna-2 since Washington’s October 22 sanctions froze Lukoil’s ability to move money across…

Iraq has quietly stepped in to keep one of its most important oilfields from wobbling. After two months of unpaid wages at Lukoil’s West Qurna-2, Baghdad has begun paying local staff directly, advancing December salaries to prevent a slowdown at a field that supplies roughly 0.5% of global oil and nearly a tenth of Iraq’s output—production that Iraq cannot replace from elsewhere. This is the first visible stress fracture in West Qurna-2 since Washington’s October 22 sanctions froze Lukoil’s ability to move money across…