MENAFN

(MENAFN) The likelihood of fuel shortages in Switzerland is now considered “very high,” according to the secretary-general of the Swiss commodities trade association Suissenegoce, as global energy markets face increasing pressure, according to...

MENAFN

(MENAFN) Global oil prices climbed sharply on Monday, with Brent crude rising by more than 5.5% to approach $115 per barrel, driven by heightened geopolitical tensions in the Strait of Hormuz, according to reports.

MENAFN

(MENAFN) European Parliament members are urging Norway to share part of its increased oil and gas revenues, arguing that higher energy earnings driven by ongoing geopolitical tensions should be redistributed to support Ukraine and help ease costs...

MENAFN

(MENAFN) Plans to expand oil and gas extraction in the North Sea are raising concerns among climate experts, who argue that new drilling projects could weaken global climate efforts and reduce international confidence in climate leadership,...

MENAFN

(MENAFN) Japan is set to receive its first shipment of Russian crude oil since the eruption of the Middle East conflict in February, as a deepening global energy emergency continues to strain import-reliant economies across Asia. A tanker loaded...

MENAFN

(MENAFN) Japan is set to import Russian crude oil for the first time since the escalation of the Middle East conflict in February, amid growing pressure on global energy supplies that is particularly affecting countries reliant on imports,...