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‘Sustainable energy solutions simply cannot react instantaneously to make up for Russian oil & gas exports’

Iran paved the way for sanctions relief by agreeing to help end a contentious nuclear investigation, removing one of the final hurdles to an atomic deal that could see Iranian oil return to markets by the third quarter.

Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be centered on Russia and China. The rest of the world economy, to the extent that it continues to exist, will largely have to get along without fossil fuels, other than the fossil fuels that countries continue to produce for themselves. Population and living standards will fall in most of the world. If a Russia-and-China-centric economy can be developed,…

© Provided by Xinhua "Either the government intervenes, or we will go hungry in the fields, with thousands of farmers abandoning their farms," said a farmers'' association. LISBON, March 5 (Xinhua) -- Inflation in global oil prices caus

LISBON, March 5 (Xinhua) -- Inflation in global oil prices caused a general readjustment of fuel prices in Portugal, causing a rush of consumers to fill up their cars. Long queues were seen at gas stations on Saturday across the country, and the government announced measures to soften the impact of the price increase. Portuguese finance minister Joao Leao told a press conference that he will grant a month

US PRESIDENT Joe Biden is coming under huge pressure to ban Russian oil imports, amid accusations that he is "funding Vladimir Putin''s war machine" with oil "stained with Ukrainian blood".

WNBA All-Star Brittney Griner was arrested last month at a Moscow airport after Russian authorities said a search of her luggage revealed vape cartridges. The Russian Customs Service said Saturday that the cartridges were identified as containing oil derived from cannabis, which could carry a maximum penalty of 10 years in prison. The customs service identified the person arrested as a player for the U.S. women''s team and did not specify the date of her arrest. Russian media reported the player was Griner, and her agent, Lindsay Kagawa Colas, did not dispute those reports. "We are aware of the situation with Brittney Griner in Russia and are in close contact with her, her legal representation in Russia, her family, her teams, and the WNBA and NBA," Kagawa Colas said Saturday. "As this is an ongoing legal matter, we are not able to comment further on the specifics of her case but can confirm that as we work to get her home, her mental and physical health remain our primary concern." On Saturday, the State Department issued a "do not travel" advisory for Russia because of its invasion of Ukraine and urged all U.S. citizens to depart immediately, citing factors including "the potential for harassment against U.S. citizens by Russian government security officials" and "the Embassy''s limited ability to assist" Americans in Russia.

Elon Musk has suggested countries need to boost oil & gas output amid war in Ukraine and soaring fossil fuel prices worldwide, a move contrary to the renewable energy dreams of his Tesla Energy business. […] The post Elon Musk urges to boost oil and gas output amid Ukraine war appeared first on Drive Tesla .

Iran and the International Atomic Energy Agency said Saturday after talks in Tehran that they agreed on an approach to resolve issues crucial in efforts to revive the country''s 2015 nuclear deal.The announcement came shortly before Russia said it would seek guarantees from the United States before it backs the deal, potentially scuppering hopes the agreement could be wrapped up soon.IAEA chief Rafael Grossi said the UN agency and Iran "did have a number of important matters that we needed… to resolve", but that they had now "decided to try a practical, pragmatic approach" to overcome them.Atomic Energy Organization of Iran president Mohammed Eslami said the two sides had come to the "conclusion that some documents which need to be exchanged between the IAEA and the Iranian organisation should be exchanged" by May 22.Grossi''s visit to Tehran comes after Britain, one of the parties to parallel talks on the deal in Vienna, indicated an agreement was close.The 2015 nuclear deal has been hanging by a thread since the United States'' unilateral withdrawal in 2018 under then president Donald Trump.The landmark accord was aimed at guaranteeing Tehran could not develop a nuclear weapon -- something it has always denied wanting to do.Oil-rich Iran said this week that it was ready to raise its crude exports "to the pre-November 2018 level" -- before punishing sanctions imposed by the Trump administration started to take effect.The next few days are widely seen as a decisive point for negotiations on reviving the accord formally known as the Joint Comprehensive Plan of Action, or JCPOA."We are close.

Workers at Stanlow Oil Refinery will not unload the cargo from a German-flagged ship, a union says.

Lagos has ordered an investigation of a viral video on social media platforms showing kegs of petrol being shared as souvenirs at an event. The post Lagos orders investigation on sharing of petrol as souvenir at a party appeared first on Nairametrics .

Russia has declared a temporary ceasefire to allow hundreds of thousands of Ukrainian civilians in the besieged port city of Mariupol and the town of Volnovakha to evacuate after the Kremlin’s ‘war of terror’ brought devastation to heavily populated areas. The Russian defence ministry said on Saturday, March 5, 2022, that its units had opened humanitarian corridors near the two cities in the south and east which were encircled by its troops for five hours between 12pm and 5pm Moscow time, Russia’s RIA news agency reported. An apartment building damaged following a shelling on the town of Irpin, 26 kilometres west of Kyiv In Mariupol, citizens would be allowed to leave during a five-hour window, it quoted the city’s officials as saying. The Russian defence ministry said a broad offensive would then continue in Ukraine, RIA said. The Ukrainian government said the plan was to evacuate around 200,000 people from Mariupol and 15,000 from Volnovakha, and the Red Cross is the ceasefire’s guarantor.

The German-flagged vessel is currently moored near the Stanlow Oil Refinery in the North West.

Kremlin spokesman Dmitry Peskov noted that Moscow was closely monitoring the situation

White House Press Secretary Jen Psaki fielded numerous questions about the Russian invasion of Ukraine, including calls to ban Russian oil exports, committing more resources to Ukraine, and sanctions against Russia. At the top of the briefing, Cecilia Rouse, the chair of the White House Council …