With high energy prices and supply chain disruptions creating shortages of key renewable energy components and materials, emerging markets are reassessing how to build out utility-scale solar power to accelerate their energy transitions. After more than a decade of decline, the cost of solar photovoltaic (PV) panels has risen around …

The increasingly closer relations between China and Russia and the Chinese push to make its currency more relevant on the global markets are challenging the dominance of the petrodollar. The U.S. dollar, which has been the currency of choice in oil trade since the 1970s, is still the dominant currency …

Oil prices climbed on Wednesday over rebounding demand in the US after data revealed that US crude stockpiles decreased by more than anticipated, coupled with supply side concerns driven by the recent output cut decision by OPEC and other oil-producing countries. International benchmark Brent crude traded at $85.36 per barrel …

French oil major TotalEnergies confirmed it had reached an agreement with the Iraqi government on a long-delayed $27 billion energy project, reviving a deal which Baghdad hopes could lure back foreign investment in the country. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables …

When earlier this year, prices slumped following the series of bank collapses in the United States, their subsequent recovery was attributed to one factor: China. The world’s largest oil and gas importer and Asia’s biggest economy, China, has become a staple in analysts’ oil and gas price forecasts. It is …

Last week’s banning by the Baghdad-based Federal Government of Iraq (FGI) of oil sales made independently by the government of the semi-autonomous region of Kurdistan (KRG) in northern Iraq should be seen in the context of the Saudi Arabia-Iran relationship resumption deal done on 10 March. And that context is …

Scientists at Vienna University of Technology have invented a new oxygen ion battery chemistry based on ceramic materials. If it degrades, it can be regenerated, therefore it potentially has an extremely long lifespan. Also, it does not require any rare elements and it is incombustible. For large energy storage systems, …

US President Joe Biden attempted on Monday to downplay the latest output cuts by the OPEC+ group of oil-producing nations. “It’s not going to be as bad as you think,” Biden said during a trip to Minnesota in response to a reporter’s question on the decision by some OPEC+ countries …

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures were up 41 cents, or 0.5 per cent, to …

Europe has a new benchmark for liquefied natural gas which regulators hope will disentangle the market from the kind of price surges witnessed last year. The European Union Agency for the Cooperation of Energy Regulators launched the new price gauge on Friday, indicating that LNG was trading at a discount …