The alliance protects the interests of its members and their merchant ships when passing through maritime corridors. Its operation area covers the Strait of Hormuz, Bab Al Mandab, the Sea of Oman and the Arabian Gulf.

Iranian Minister of Petroleum Bijan Zangeneh stressed the non-political nature of oil, saying the US was using oil as a weapon which was not the right approach.

The share of U.S. total energy consumption that originated from fossil fuels has fallen from its peak of 94% in 1966 to 80% in 2018. The total amount of fossil fuels consumed in the United States has also fallen from its peak of 86 quads in 2007. Since then, coal consumption decreased by 10 quads and petroleum by 2 quads, more than offsetting a 7 quad increase in natural gas consumption.

Bulgaria’s state gas company signed a €1.1 billion ($1.2 billion) contract on Wednesday with Saudi-led group Arkad to build a gas pipeline to carry mainly Russian natural gas.

Nuclear and renewable generation should be used in combination to make the most of their synergies in integrated systems to help the world meet carbon reduction goals and limit temperature rise, leaders from governmental and non-governmental organisations and industry said yesterday. Innovative nuclear technologies will play their part in integrated systems alongside renewables, with combined uses of heat and power, hydrogen production, desalination and industrial decarbonisation.

ROSATOM and the Ministry of Energy and Mines of the Dominican Republic signed a Memorandum of cooperation in the field of peaceful use of nuclear energy.

the Governments of the Russian Federation and of the Republic of Uganda signed an intergovernmental agreement on cooperation in the peaceful uses of nuclear energy.

The E-Fusion Initiative aims at bringing together the French nuclear supply chain and Emirati companies around projects for the UAE Peaceful Nuclear Energy Programe. The initiative is co-headed by the Emirates Nuclear Energy Corporation (ENEC) and the French Nuclear Industry Association (GIFEN).

EDF and Westinghouse are looking at SMRs as a way of standardizing reactor construction after struggling with years of delay and billions of dollars of cost overruns on their big nuclear reactors, which have capacities upwards of 1,000 MW.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Committee decided to lower the target range for the federal funds rate to 1-3/4 to 2 percent.

Brent were down 75 cents, or 1.16%, at $63.80 a barrel, WTI were down $1.15, or 1.94%, at $58.19.

«Ведется постоянная работа по наращиванию двустороннего сотрудничества между Россией и Турцией в торгово-экономической области по всем направлениям, в том числе в энергетике по проекту “Турецкий поток” и АЭС “Аккую”, - сказал Александр Новак.

“Благодаря выстроенному конструктивному диалогу мы достигли существенного расширения взаимовыгодного российско-иранского взаимодействия в различных областях торгово-экономического сотрудничества, включая энергетику. Считаем, что реализация решений по итогам июньского заседания межправкомиссии в Исфахане будет важным шагом к укреплению двустороннего сотрудничества между нашими странами”, - добавил глава Минэнерго России.

Министр подчеркнул, что темпы потребления сжиженного природного газа (СПГ) в 3,5 раза выше, чем в целом газа. «К 2035 году мировой спрос на СПГ ещё удвоится и составит около 600 миллионов тонн. Основным «локомотивом» потребления станет Азиатско-Тихоокеанский регион. Китай и Индия совокупно покроют более 50% прироста спроса на СПГ в АТР. В результате, к 2035 году доля СПГ в мировой торговле может вырасти с сегодняшних 35% от общего объёма торговли газом до 51%. Россия уже сегодня уверенный лидер на мировом газовом рынке - как по запасам, так по добыче и экспорту», - сказал Д.Кобылкин.

During the news conference, it was disclosed that production at Khurais resumed 24 hours after the attack. Meanwhile, Mr. Nasser stated that production at Abqaiq is currently 2 million barrels per day and its entire output is expected to be restored to prior rates by the end of September.