The European Union’s climate chief has expressed concern over the expansion of China’s coal industry with the building of new coal-fired plants. At a conference in Beijing, Frans Timmermans said while China was forging ahead with plans to expand its use of renewable resources such as wind and solar energy, …
Read More »NASA Sets out to Solve the Universe’s Greatest Mystery: Dark Energy
NASA and the European Space Agency (ESA) are teaming up to explore one of the biggest puzzles of the Universe: dark energy. A new space telescope, Euclid, which will explore the dark Universe, is launching in July on a SpaceX Falcon 9 rocket from Cape Canaveral in Florida. With an …
Read More »IEA Warns of a Spike in Energy Prices this Winter
Energy prices could spike again this winter, the head of the International Energy Agency has warned. Speaking to the BBC, Fatih Birol said that if China’s economic recovery from the pandemic accelerated later this year and the winter in the northern hemisphere was harsher than last year’s, prices would rise. …
Read More »China Voices Opposition to Japan’s Nuclear Wastewater Release Plan
The Chinese government has solemnly stated strong opposition on multiple occasions regarding Japan’s decision to discharge treated nuclear wastewater into the ocean, said the spokesperson of the Mission to ASEAN (Association of Southeast Asian Nations) on Monday. In a statement published on the mission’s website, the spokesperson said Japan’s planned …
Read More »Oil Prices Remain Steady as Traders Brace for Tighter Supply
Crude oil prices were little changed at the start of the week—and the second half of the year—as traders brace up for tighter supply. Saudi Arabia will this month reduce its oil output by 1 million barrels daily. It remains to be seen if it will extend the reduction beyond …
Read More »SOMO: Iraq Sells Crude Oil to Jordan below Official Price
Iraq’s SOMO, the state-owned oil marketing company, has announced that the average price of crude oil exported to Jordan reached $58.70 per barrel during the month of June. With this, Iraq sold each barrel of crude oil to Jordan last month at a price that was $12.41 lower than the …
Read More »NIDC Digs 27 Oil, Gas Wells in 100 Days
National Iranian Drilling Company (NIDC) dug and completed the digging operations of 27 oil and gas wells during the first 100 days of the current Iranian calendar year (March 21-June 30), the company’s managing director said. According to Hamidreza Golpayegani, the drilled wells consisted of two development, and 25 workover …
Read More »Developing Nations Struggling in Green Transition without Funding
Several developing countries have made it clear that they will not be able to undergo a green transition without the help of stronger economies. International agencies have repeatedly echoed the need for greater financing in the world’s poorer countries to develop global renewable energy capacity, respond to the rising energy …
Read More »Azerbaijan, Georgia, Kazakhstan Sidestep Russia with New Trade Partnership
Kazakhstan has in a fresh effort to ease bottlenecks in a transportation corridor bypassing Russia reached an understanding with Azerbaijan and Georgia to set up a jointly run and owned logistics company. The agreement was signed last week at the culmination of a trip to the South Caucasus nations by …
Read More »Iraq’s Oil Exports to US Reach 7.5 Million Barrels in June
The Energy Information Administration (EIA) announced on Sunday that Iraq’s oil exports to the United States reached 7.5 million barrels in the previous month of June. A table published by the administration revealed that Iraq exported 7.5 million barrels of crude oil to the United States during the month of …
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