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Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.

Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.

The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany. The market was impacted by the bearish factors, which overrode any impact from the tighter solar output. This is...

Spare oil production capacity declines due to underinvestment — UAE Energy Minister

Spare oil production capacity declines due to underinvestment — UAE Energy Minister

VIENNA, July 9. /TASS/. The spare oil production capacity in the global oil sector is declining every year, even in OPEC+ countries, due to underinvestment, Energy Minister of the UAE Suhail Al Mazrouei said at the 9th OPEC International Seminar....

OPEC+ decisions show understanding of oil market — UAE energy minister

OPEC+ decisions show understanding of oil market — UAE energy minister

VIENNA, July 9. /TASS/. Decisions taken by the OPEC+ reveal that the alliance understands the condition of the oil market and its needs better than anyone else, Energy Minister of the UAE Suhail Al Mazrouei said at the 9th OPEC International...

Turkey plans to start gas supplies to Syria soon — Energy Minister

Turkey plans to start gas supplies to Syria soon — Energy Minister

VIENNA, July 9. /TASS/. Turkey has connected its gas grid to the Syrian one and plans to start gas supplies to Syria soon, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said at the 9th OPEC International Seminar. "Regarding...

Austrian President Alexander van der Bellen's State Visit: A new chapter in South Africa-Austria relations

Austrian President Alexander van der Bellen's State Visit: A new chapter in South Africa-Austria relations

President Cyril Ramaphosa is set to host his counterpart, Federal President of the Republic of Austria, Alexander van der Bellen, at the Union Buildings in Pretoria on Friday. Ramaphosa’s spokesperson, Vincent Magwenya, said the State Visit...

Can Trump maintain fragile peace in Iran?

Can Trump maintain fragile peace in Iran?

So much for peacemaking. While you’re at it, kiss diplomacy goodbye. “The Art of the Deal” was a fabrication. There was no deal with Russia in Ukraine. There was no deal in Israel with Gaza. And it remains to be seen whether there’s a deal with...

Sustainable energy supply is impossible without investment, says Azerbaijani Energy Minister

Sustainable energy supply is impossible without investment, says Azerbaijani Energy Minister

Vienna, July 9, AZERTAC Parviz Shahbazov, Azerbaijan’s Minister of Energy, addressed the ministerial session titled “Oil Markets: Energy Security, Growth and Prosperity” at the 9th OPEC International Seminar. He spoke about Azerbaijan’s role in...

Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     

Saudi energy minister: oil and gas will remain indispensable despite expansion of renewable energy     

Saudi Gazette report VIENNA — Saudi Energy Minister Prince Abdulaziz bin Salman said that oil and gas will remain indispensable despite expansion of renewable energy. "While renewable, nuclear power, and hydrogen energy sources are expanding, oil...

OPEC Ministers Say More Oil Needed, Dig At Energy Transition Economics

OPEC Ministers Say More Oil Needed, Dig At Energy Transition Economics

OPEC logo at the its headquarters in Vienna, Austria (Photo: Joe Klamar)AFP via Getty Images Leading ministers from the Organization of Petroleum Exporting Countries or “OPEC” said the world needs more oil to meet its growing energy footprint, at...

Sustainable Textiles And Acoustical Management Solutions Manufacturer Carnegie Introduces Six New Designs In Its...

Sustainable Textiles And Acoustical Management Solutions Manufacturer Carnegie Introduces Six New Designs In Its...

NEW YORK, NY — July 9, 2025 — Carnegie, a provider of sustainable textiles and acoustical management solutions for the commercial industry, is proud to announce six new Xorel products, a part of the new Studio Collection. This collection reflects...

Oil markets are absorbing extra barrels from Opec+, UAE energy minister says

Oil markets are absorbing extra barrels from Opec+, UAE energy minister says

Oil markets are absorbing Opec+ production increases and there has been no major build-up in inventories, which indicates higher demand in global markets, Suhail Al Mazrouei, Minister of Energy and Infrastructure, said on Wednesday. Opec+, which...

Flow Battery Sector Powers Ahead at IFBF 2025 in Vienna

IFBF 2025 reflected the growing momentum of flow batteries as an essential solution for long-duration energy storage (LDES). Across three packed days, the Forum explored the full breadth of the sector, with sessions highlighting technical...

"We had been trying to enter Chile, a big consumer of Hass, for years"

"We had been trying to enter Chile, a big consumer of Hass, for years"

This year, Carlini Avocado sent Brazil's first Hass avocado shipment to Chile, a milestone for the Brazilian avocado sector. "We had been trying to gain access to the Chilean market for years, as it is a major consumer of Hass avocados and is...

Entrepreneurship and sustainability at the heart of the vegetable industry

Entrepreneurship and sustainability at the heart of the vegetable industry

Located in the agricultural heartland of Apulia, Colella Lucia in Orta Nova boasts a sustainable, growth-oriented approach. General Manager Antonio Cocomazzi's vision is clear: to build value through consistent quality and organization with...

Dr. Hans Dorfi named executive director of the Polymer Industry Cluster

Dr. Hans Dorfi named executive director of the Polymer Industry Cluster

Akron, OH – The Greater Akron Chamber and Polymer Industry Cluster announces Dr. Hans Dorfi as the Executive Director and Chief Innovation Officer of The Polymer Industry Cluster (PIC). Dorfi will assume the role and responsibilities immediately....

The Energy Transition Should Not Put the Energy Trilemma at Risk: Rodriguez.

The Energy Transition Should Not Put the Energy Trilemma at Risk: Rodriguez.

Venezuelan VP Delcy Rodriguez (C), July 9, 2025. Photo: Venezuela News July 9, 2025 Hour: 10:26 am On Wednesday, Venezuelan Vice President Delcy Rodriguez participated in the Ninth International Seminar of the Organization of the Petroleum...

OPEC Holds Landmark Energy Seminar in Vienna

OPEC Holds Landmark Energy Seminar in Vienna

July 9, 2025 Hour: 7:27 am From July 9 to 10, the Organization of the Petroleum Exporting Countries (OPEC) holds its 9th OPEC International Seminar, bringing global energy leaders to Vienna to discuss key industry issues and build up cooperation....

25 nations slam Israel over "inhumane killing of civilians" in Gaza

25 nations slam Israel over "inhumane killing of civilians" in Gaza

Twenty-five nations, including Britain, Canada and Japan, issued a joint statement on Monday with "a simple, urgent message: the war in Gaza must end now." The statement by the U.S. allies and partners across the globe and published online by the...

UK’s BFI & France’s CNC Sign Screen Industries Cooperation Agreement

UK’s BFI & France’s CNC Sign Screen Industries Cooperation Agreement

The British Film Institute (BFI) and France’s National Cinema Centre (CNC) have signed a Moving Image Co-operation Agreement aimed at fostering closer collaboration between the UK and French film industries. The agreement comes during French...

BFI and CNC Forge Alliance to Strengthen U.K.-France Screen Industries

BFI and CNC Forge Alliance to Strengthen U.K.-France Screen Industries

The British Film Institute (BFI) and France’s Centre national du cinéma et de l’image animée (CNC) have inked a comprehensive Moving Image Cooperation Agreement, marking a significant step toward deeper collaboration between the U.K. and French...

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