Keywords: Energy


Morocco prepares fundraising push for $25 billion Nigeria gas pipeline

Morocco is preparing to launch a fundraising effort to support the construction of a $25 billion gas pipeline linking Nigeria to Morocco, a project designed to strengthen regional energy integration and expand supply routes to Europe. The initiative will be led by National Office of Hydrocarbons and......

Oil crisis accelerates global shift toward renewable energy transition

A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......

China’s coal powered grid shields factories amid Asian energy shock

China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated......

France unveils roadmap to end fossil fuels by 2050

France has presented a national roadmap that sets out a phased exit from fossil fuels across its entire economy. The plan targets coal by 2030, oil by 2045 and natural gas by 2050. It places the country on a structured path toward full decarbonisation and long-term climate neutrality. The announcement......

Russia says OPEC+ will endure despite UAE exit, rules out oil price war

Russia has expressed confidence in the stability of the OPEC+ alliance, stating that cooperation among major oil producers will continue despite the recent decision by the United Arab Emirates to leave the group. Deputy Prime Minister Alexander Novak emphasized that the departure of one member is unlikely......

Inflation rises in April, reaching 2.2% year-on-year

Inflation accelerated again in April, reaching 2.2% year-on-year, according to preliminary estimates published by the national statistics institute. This increase marks a sharp rise compared to the 0.3% recorded in January, reflecting renewed pressure on prices in recent months. The surge is largely......

Inflation rises in Germany and Spain ahead ECB rate decision

Prices across Europe moved higher in April as Germany and Spain reported fresh increases in inflation ahead of a key monetary policy meeting by the European Central Bank. The latest figures point to persistent price pressures linked to energy markets and geopolitical tensions, particularly the war in......

Greece says it agreed with Qatar to deepen trade, energy and defence ties

Greece has announced an agreement with Qatar to strengthen cooperation in key strategic sectors, including trade, energy, and defence, further expanding bilateral relations established in 2024. The announcement followed a meeting in Athens between Greek Prime Minister Kyriakos Mitsotakis and Qatar’s......

China pledges stronger energy security as Iran war hits economies

China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply......