Canada will propose on Wednesday that one-fifth of all passenger cars, SUVs, and trucks sold in the country in 2026 be electric vehicles (EVs), The Canadian Press reports. The target, part of new regulations by the Environment Ministry, is also expected to mandate that all passenger vehicles sold in Canada …

India has seen a considerable increase in exports of solar modules following the Biden administration’s ban on such modules suspected of being produced using forced labor in China. According to a report in the Times of India, solar module exports during the third quarter of the year totaled $157 million, …

Crude oil prices were rising for the fourth day in a row today, pushed higher by colder weather in the United States in what has been described as a once-in-a-generation storm. At the time of writing, Brent crude was close to $82.42 per barrel, with West Texas Intermediate at $78.56 …

Crude oil prices could reach $121 per barrel when China’s economy reopens following a string of Covid-related restrictions, Daniel Yergin, vice chairman of S&P Global, told CNBC. “If China gets over Covid… then you add a lot of demand to the market,” Yergin explained, also saying that S&P Global’s base …

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory draw of 5.9 million barrels for the week to December 16. At 418.2 million barrels, U.S. crude oil inventories remain some 7 percent below the five-year average for this time of the year. The latest …

Russian President Vladimir Putin on Wednesday has inaugurated the Kovykta natural gas field in eastern Siberia, located strategically to allow Russia to increase gas exports to China amid growing tensions between Moscow and the West. The inauguration is the culmination of efforts that began about a decade ago to develop …

A consortium made up of energy companies, Eni from Italy and France’s Total, is expediting plans to develop natural gas deposits off the island of Cyprus following the discovery of a third field containing 2-3 trillion cubic feet of hydrocarbon inside the same licensed exploration area, announced the Greek Cypriot …

Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last year, per data from energy lobby group BDEW cited by Bloomberg on Tuesday. Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany …

Exxon’s market capitalization rose above that of Tesla for the first time in two years as investors’ appetite for stable returns in energy stocks prevailed over their attachment to the tech and EV sectors. Bloomberg reports that since the start of the year the shares of the U.S. oil supermajor …

The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten supplies to Europe in 2023 as some Asian suppliers might opt to sell to other markets, market sources told S&P Global Commodity Insights Dec. 20. The EU’s energy ministers agreed …