South Korea’s electric vehicle (EV) sales fell by 0.1% last year for the first annual decline since 2017, as drivers cite fears of batteries catching fire and insufficient number of chargers as key obstacles alongside higher interest rates and high prices. South Korean drivers are concerned that their future EVs …

There are big plans for the production of critical minerals to meet the rapidly growing demand as the world undergoes a green transition. Governments are starting to work together to develop their sustainable mining capabilities and ensure that they produce enough metals and minerals to respond to global needs. To …

Iranian Energy Minister Ali Akbar Mehrabian has warned that if Afghanistan does not ensure Tehran receives its rightful amount of water from Helmand River, Iran will use legal and international means to resolve the problem. Referring to the recent rainfalls in Afghanistan, Mehrabian stressed that Helmand River water is Iran’s …

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive. A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split, with one trading region centered around the …

The Iraqi Ministry of Oil confirmed on Friday that oil export revenues through January surpassed $8.025 billion. According to row data issued by the State Organization for Marketing of Oil (SOMO), the total exports of crude oil during January were slightly more than 103.5 million barrels, with revenues reaching $8,025,616. …

Saudi Power Procurement Company (SPPC) has announced that a total of 21 top global utility project developers including Siemens, Samsung, GE, EDF, Korea’s Kepco and Marubeni as well as regional heavyweights Acwa Power and Taqa have been prequalified for development of four power plants across the kingdom with a total …

Amid rising Red Sea shipping risks due to attacks on vessels from Yemen’s Houthis, Saudi Arabia has increased exports from its northern Red Sea terminal to avoid the danger zone, according to Bloomberg and Reuters. Oil exports from Saudi Arabia’s Muajjiz terminal saw a 580,000-barrel-per-day increase in January, based on …

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more than five million barrels per day (bpd) since the end of 2022. In 2022, Russia’s invasion of Ukraine sent oil prices soaring to $140, raising earnings across the industry. In …

European industries continue to be hesitant about boosting natural gas consumption, although prices are now a fraction of the records seen in 2022 and Europe appears to have put the worst of the energy crisis behind. The still high volatility in gas futures prices, compared to historical averages, and uncertainties …

India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser. The policy is expected to be unveiled later this year – should Prime Minister …