U.S. Energy Department to Release 40 Million More Barrels From Strategic Petroleum Reserve as Inventories Near Multi-Decade Lows

WASHINGTON — In a final push to fulfill an international emergency pledge, the U.S. Department of Energy (DOE) announced on Tuesday, September 29, that it will offer 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) as a loan to domestic energy companies. The coordinated move is designed to inject immediate liquidity…

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Europe’s Energy Crisis Deepens: Romania’s Sole Nuclear Plant Shut Down as the Danube River Plummets to Historic Lows

BUCHAREST — Romania’s critical energy infrastructure has suffered a severe blow as state-owned energy company Nuclearelectrica announced the total shutdown of the country’s only nuclear power facility. The Cernavoda Nuclear Power Plant, which single-handedly accounts for approximately 20% of Romania’s domestic electricity generation, was fully disconnected from the national power grid after water levels in…

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