Day: February 19, 2022

There may be no end in sight for the European power crunch this year, even after the winter season ends. Low nuclear power generation in France, a major producer and exporter of nuclear-powered electricity in Europe, could send power prices on the continent higher in the spring. France gets more than 70 percent of its total electricity from nuclear power generation and is a major exporter of electricity, including to the UK. France’s EDF stopped two nuclear power plants at the end of last year after finding a fault at…

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As many as 35 major cyberattacks on energy and oil infrastructure have taken place since 2017, making up one-third of all cyberattack incidents of the past five years, data from the S&P Global Platts Oil Security Sentinel research project showed on Friday. Since 2017, the U.S. has been the most targeted country, followed by the UK and Saudi Arabia, according to S&P Global Platts Oil Security Sentinel. Several high-profile cyberattacks have occurred in the past year alone, including the major ransomware attack on the computer network of the key fuel…

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Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country that imports more crude oil and refined products than the crude and products it exports. While the U.S. has been a net petroleum products exporter for more than a decade, it has always been a net crude oil importer, that…

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