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China Is Winning The Race for Affordable EVs

China Is Winning The Race for Affordable EVs

While U.S. and European automakers…

Armenia and Azerbaijan Engulfed in Legal Disputes at the Hague

Armenia and Azerbaijan Engulfed in Legal Disputes at the Hague

Armenia and Azerbaijan continue their…

News

OPEC Sees Robust Demand And Well-Supported Oil Market In 2022

OPEC Sees Robust Demand And Well-Supported Oil Market In 2022

Jan 18, 2022 at 11:15 | Tsvetana Paraskova

The effect of the Omicron variant on global oil demand has been weaker than expected a month ago, and the oil market is set to be well-supported throughout 2022 despite…

Poorest UK Households Face Heavy Energy Bill Burden

Poorest UK Households Face Heavy Energy Bill Burden

Jan 18, 2022 at 10:32 | Charles Kennedy

The poorest UK households may end up having to spend a fifth of their income after housing costs on electricity, Bloomberg has reported, citing data from the Joseph Rowntree Foundation,…

Stop Building Coal Plants Now: UN Chief

Stop Building Coal Plants Now: UN Chief

Jan 18, 2022 at 09:28 | Irina Slav

The world should stop building new coal plants and phase out those already in existence, the secretary-general of the United Nations, Antonio Guterres, said at the World Economic Forum in…

Saudi Arabia: It’s U.S. Prerogative To Release Oil From Its SPR

Saudi Arabia: It’s U.S. Prerogative To Release Oil From Its SPR

Jan 17, 2022 at 16:55 | Charles Kennedy

It is the prerogative of the U.S. Administration whether to draw crude oil from its Strategic Petroleum Reserve (SPR), Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, said on Monday,…

Gazprom’s Gas Supply To Europe In January Drops To 2015 Low  

Gazprom’s Gas Supply To Europe In January Drops To 2015 Low  

Jan 17, 2022 at 16:48 | Tsvetana Paraskova

Gazprom’s gas deliveries to Europe dropped by 41.1 percent in the first fifteen days of January compared to the same period last year, the Russian gas giant said on…

Trans Mountain Pipeline Back To Normal Operations After Two-Month Disruption

Trans Mountain Pipeline Back To Normal Operations After Two-Month Disruption

Jan 17, 2022 at 13:53 | Tsvetana Paraskova

The Trans Mountain oil pipeline returned to normal operating pressure during the weekend, following a month and a half of operations at reduced capacity after the infrastructure was shut for…

UK Power Prices Rise To One Month-High On Low Wind Generation

UK Power Prices Rise To One Month-High On Low Wind Generation

Jan 17, 2022 at 10:34 | Tsvetana Paraskova

UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend. The contract for…

Libya Oil Production Rebounds

Libya Oil Production Rebounds

Jan 17, 2022 at 10:19 | Irina Slav

Libya’s crude oil production has rebounded to 1.2 million barrels daily, according to the country’s oil minister, Mohammed Oun. Speaking to Bloomberg, Oun said Libya’s crude oil output was back…

Scotland Doubles Down On Renewable Ambitions With £700 Million Wind Auction

Scotland Doubles Down On Renewable Ambitions With £700 Million Wind Auction

Jan 17, 2022 at 10:18 | City A.M

ScotWind has raised £700m from an auction of seabed plots for a series of offshore wind projects, boosting the country’s net-zero ambitions. Seventeen projects have been…

Kazakhstan’s Oil Production Fully Recovered After Unrest

Kazakhstan’s Oil Production Fully Recovered After Unrest

Jan 17, 2022 at 09:30 | Tsvetana Paraskova

Daily oil production in OPEC+ producer Kazakhstan rebounded strongly at the end of last week, suggesting that output has now fully recovered from the unrest earlier this month, according to…

Global Electricity Demand Surged 6% In 2021

Global Electricity Demand Surged 6% In 2021

Jan 17, 2022 at 08:01 | Tsvetana Paraskova

Rebounding economies and extreme weather last year led to a 6-percent jump in global electricity demand, the largest percentage increase since the 2010 recovery from the 2008-2009 financial crisis, the…

Germany To Become Net Power Importer For The First Time Since 2002

Germany To Become Net Power Importer For The First Time Since 2002

Jan 14, 2022 at 13:08 | Tsvetana Paraskova

Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out,…

Oil Set For Longest Weekly Gains Streak Since October

Oil Set For Longest Weekly Gains Streak Since October

Jan 14, 2022 at 11:30 | Tsvetana Paraskova

Oil prices were slightly higher early on Friday, headed for the fourth consecutive week of gains, which would be the longest weekly gains streak since October, before the Omicron variant…

EU’s Imports Of U.S. LNG Five Times Higher Than Russian Supply

EU’s Imports Of U.S. LNG Five Times Higher Than Russian Supply

Jan 14, 2022 at 09:02 | Charles Kennedy

So far this month, the European Union has received U.S. natural gas volumes five times higher than Russia’s pipeline deliveries, according to Polish outlet rp.pl, the first time in…

Senate Votes Against Nord Stream Sanctions

Senate Votes Against Nord Stream Sanctions

Jan 14, 2022 at 08:42 | Charles Kennedy

The Senate voted 55 to 44 against a proposal for a new round of sanctions against the Nord Stream 2 natural gas project led by Russia's Gazprom. According to opponents…

Manchin Wants Nuclear Tax Credit Extended In Biden’s Build Back Better Bill

Manchin Wants Nuclear Tax Credit Extended In Biden’s Build Back Better Bill

Jan 13, 2022 at 15:13 | Charles Kennedy

West Virginia Democratic Senator Joe Manchin is seeking tax credits for nuclear power plants for 10 years instead of the six years as put in President Joe Biden’s Build Back…

Reliance Industries To Invest $76 Billion In Indian Renewables

Reliance Industries To Invest $76 Billion In Indian Renewables

Jan 13, 2022 at 12:14 | Tsvetana Paraskova

India’s oil-to-telecoms conglomerate Reliance Industries plans to invest as much as $76 billion in green energy projects in India over the next 15 years, the group chaired by Asia’s richest…

Campaign Behind Landmark Case Against Shell Targets More Energy Groups

Campaign Behind Landmark Case Against Shell Targets More Energy Groups

Jan 13, 2022 at 10:31 | Tsvetana Paraskova

Milieudefensie, the Dutch chapter of Friends of the Earth activists who won a landmark climate case against Shell in 2021, now urge more than two dozen other multinationals, including BP,…

19-Year-Old Hacks into 25 Teslas Simultaneously

19-Year-Old Hacks into 25 Teslas Simultaneously

Jan 13, 2022 at 09:14 | Charles Kennedy

A 19-year-old German IT student and hacker said in a series of tweets this week that he had managed to gain remote control over more than 25 Teslas in…

EIA Sees Oil Prices Dropping In 2022, 2023

EIA Sees Oil Prices Dropping In 2022, 2023

Jan 12, 2022 at 17:38 | Charles Kennedy

Global inventory builds due to supply growth outpacing demand increases will pressure oil prices down this year and next, the U.S. Energy Information Administration (EIA) said in its Short-Term…

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