Western media reported that Russia pummeled Ukraine’s energy infrastructure with a large-scale drone and missile attack on Saturday, injuring at least 19 people. The Ukrainian military claimed that it had downed 35 out of the 53 missiles launched at targets across the country overnight on 1 June as well as …

India’s steel industry currently finds itself in a stressful predicament. Already reeling from cheap steel imports, the country is now even more worried about a surge of Chinese imports following the imposition of fresh tariffs on Chinese steel by U.S. President Joe Biden. Alongside the U.S., India and many other …

For years, Kenya has been a leader in Africa in renewable energy’s share of its power mix. It now looks to capitalize on the booming clean technology industry and become a supply-chain partner of major economies, including the United States. Africa has abundant key energy transition minerals. It also has …

A potential EU tariff of 20% on China-made electric vehicles would cost China $3.8 billion worth of EV exports to the bloc, but it would also cost EU end-consumers “noticeably higher prices,” Germany’s Kiel Institute for the World Economy said in an analysis on Friday. The EU launched in October …

The OPEC+ group is likely to roll over their current production cuts into the second half of 2024 when producers meet online this weekend, according to analysts and market expectations. The alliance is likely to extend the current 2.2 million barrels per day (bpd) production cuts, four anonymous OPEC+ delegates …

Russia’s Rosneft, the largest crude oil producer in the country, reported a 92.8% quarterly increase in its net profit for the first quarter of the year. Rosneft also said its average daily production had stood at 5.43 million barrels of oil equivalent daily during the reporting period, of which 3.85 …

Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in July, the first cut in five months, as Middle East benchmarks and margins for Asian refiners have weakened, refining sources said. The July official selling price (OSP) for flagship Arab Light …

It is possible to resume production from the wells through the production of artificial lift pumps in Iran throughout the country and installing them on old wells, the production of which has been reduced, Iran’s Persia Oil and Gas Development Company Jaafar Hejazi said, Trend reports. According to him, these …

The global economy has been relatively resilient in recent months, which has led OPEC to continue to anticipate robust oil demand growth this year and next, OPEC Secretary General Haitham Al Ghais said on Monday. “For 2024, oil demand growth is at 2.2 mb/d, with total global demand anticipated to …

Huge upticks in renewable energy capacity installations around the world are causing demand for key rare earth elements to skyrocket. While these materials aren’t as geologically rare as their name might suggest, their production is limited as a finite number of already developed supply chains struggle to keep up with …