Tag:energy security

As global energy markets evolve and climate commitments intensify, Sri Lanka’s private sector is clear: delaying the transition carries unacceptable economic and security risks.

Managing highly radioactive waste safely for decades to come poses a serious logistical challenge, though Bangladesh has established preliminary bilateral agreements with Russia regarding spent fuel handling and potential reprocessing.

The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.

The market’s verdict has been swift and unforgiving. Brent crude futures rocketed to $119.50 per barrel – the highest since mid-2022 – while West Texas Intermediate (WTI) hit $119.48, capping a blistering 25 per cent surge in days.