Group of Seven nations are butting heads over the timeline for phasing out coal-fired power ahead of next weekend’s summit of top energy and environmental ministers. Draft communique documents circulated before negotiations resume Tuesday and seen by Bloomberg News show the European Union, the US and Japan expressed reservations about …

Speculators ramped up their bullish bets on higher oil prices after OPEC+ jolted markets with a surprise production cut, posting the second-largest increase in net-wagers on record last week. Net-long positions in Brent crude jumped by more than 73,000 contracts in the week to April 4, according to data from …

Riding on a driverless, rubber-tired vehicle to the coalface at a depth of 150 meters has become part of the daily routine for miners in Shangwan Coal Mine in the city of Ordos, north China’s Inner Mongolia Autonomous Region. Thanks to the digitization of the coal industry, miners no longer …

Jordan’s imports of Iraqi oil stopped since the beginning of April, after the memorandum of understanding providing Jordan with crude oil ended, despite the approval of the Iraqi Cabinet to renew it. The director of the company carrying Iraqi oil to Jordan, Nael Thiabat, said that the company stopped importing …

China’s highest geothermal power station in terms of elevation, located in southwest China’s Tibet Autonomous Region, has generated more than 500 million kWh of electricity since it was put into operation in 2018. Yangyi geothermal power station in Damxung County, in the regional capital of Lhasa, is China’s only geothermal …

State oil giant Saudi Aramco will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, several sources with knowledge of the matter said on Monday. This comes after the Organization of the Petroleum Exporting Countries …

The future of global hydrogen is looking brighter as India, this week, presented a $2 billion subsidy scheme to push domestic hydrogen fuels, and Rystad Energy foresees a 700% growth of global hydrogen pipelines by 2035. Without an increase in hydrogen transport infrastructure, most projects will still face an uphill …

Crude oil prices started the week steady, with Brent crude trading close to $85 per barrel and West Texas Intermediate at close to $80.50 per barrel as supply constraints came into focus. The calmer start of the week follows last week’s 7% spike in prices – most of which took …

A provisional agreement on the Renewable Energy Directive (REDIII) was reached between the European Council, European Parliament, and the European Commission on 30 March 2023. REDIII is part of the ‘Fit for 55’ package, bringing EU legislation in line with the 2030 greenhouse gas emission reduction goal. Biomass currently contributes …

Officials at the Afghanistan’s Chamber of Commerce and Investment announced that trade and economic relations between the country and the Islamic Republic of Iran have increased. According to the officials of the Afghanistan Chamber of Commerce and Investment, as cited by the local Afghan AVA news agency, the annual trade …