Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. Brent crude futures fell 24c to $90.36 a barrel by 4.12am GMT, after …

A higher natural gas price in Europe in November is making it lucrative to hold back supplies for a month until the arrival of lower temperatures can boost profits. Futures for November are about €10 euros a megawatt-hour more expensive than gas delivered next month, with no other contract this …

Oil prices were steady on Tuesday as weak economic data from China offset expectations of supply cuts. Brent, the benchmark for two thirds of the world’s oil, was trading 0.09 per cent lower at $88.92 a barrel at 9.02am UAE time, while West Texas Intermediate, the gauge that tracks US …

Venezuela’s oil shipments plummeted in August by 38% compared to the three-year high reached in July as state oil firm PDVSA was unable to maintain production at the upgraders that convert the extra heavy oil into grades suitable for shipping, Reuters reported on Monday, quoting PDVSA internal documents and tanker-tracking …

G20 per capita coal emissions continue to rise despite climate pledges and transition efforts by some members of the group of major economies, new research showed Tuesday. The group, whose leaders meet in New Delhi this weekend, accounts for 80 percent of global power sector emissions. But in talks in …

China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant …

Oil prices recorded a limited decline on Monday as investors profited from the highest oil prices seen since November and on expectations that Saudi Arabia and Russia’s curbs would continue through October. International benchmark Brent crude traded at $88.48 per barrel at 10.21 a.m. local time (0721 GMT), a 0.08% …

Iran’s oil exports continued their upward trend in August to reach 1.85 million barrels per day (bpd), Bloomberg reported, citing TankerTrackers.com which provides data on oil cargoes to governments, insurers and other institutions. The increase in Iranian shipments comes in the same month that key OPEC+ producers Saudi Arabia and …

India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, as an increase in renewables is struggling to keep pace with record power demand. It is unusual for India’s electricity use to spike in August, when temperatures are …

African policymakers will kick off a landmark climate summit in Kenya on Monday aimed at reframing the continent as a budding renewable energy powerhouse and calling for international financial help to unlock its potential. Kenyan President William Ruto says he wants the first Africa Climate Summit to help “deliver African …