The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said. “First you have to have a deal because otherwise you will be left without …
Read More »Chinese Companies Set New Records in Overseas Renewable Deployment
China installed a record amount of wind and solar capacity at home last year, data showed earlier this month. Yet, the country did not stop there. Chinese companies also installed record power generation capacity abroad as well—and half of it was neither wind nor solar. Wood Mackenzie reported this week …
Read More »Russia Tests Sanctions with Oil Shipments to India
Russia seems to be having little difficulty skirting US Treasury sanctions when it comes to its oil industry, with the country managing to send shipments of sanctioned oil aboard sanctioned tankers to India. The U.S. Treasury’s January crackdown on Russian crude exports doesn’t appear to be a problem for Moscow, …
Read More »U.S. Grid Investments Jump as AI Leads Power Demand Surge
A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of stagnation. The advancements in AI and the surge in electricity demand for powering and cooling …
Read More »China Appears to Build Giant Nuclear Fusion Research Site
China is believed to be constructing a huge fusion research site in its southwest, which could help it with both nuclear fusion efforts and nuclear weapons design, analysts and researchers have told Reuters, analyzing satellite images. The southwestern city of Mianyang is likely the new site of the fusion research …
Read More »Soaring Tanker Costs Stall Russian Oil Trade in Asia after US Sanctions
Trade in Russian crude loading for Asia in March has come to a screeching halt as tanker rates are soaring and shippers are scrambling for non-sanctioned vessels following the latest U.S. sanctions on Russia’s oil supply, Reuters reports, citing shipping data and trade sources. The Biden Administration’s farewell sanctions on …
Read More »Coal Continues to Dominate China’s Energy Landscape
Coal is still king in China despite the renewables boom with record additions of solar and wind power generation. Thermal power generation, which is overwhelmingly dominated by coal, rose by 1.5% in 2024 from a year earlier, to a record high of 6.34 trillion kilowatt-hours (kWh), data from China’s National …
Read More »Oil Slips as Trump Calls for OPEC to Cut Prices
Oil prices slipped on Monday after US President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost US oil and gas output in his first week in office. Brent crude futures dropped 53c, or 0.68%, to $77.97 a barrel by 4.30am GMT after settling …
Read More »Oil Executives Fume as Trump Shakes up Climate Rules again
President Donald Trump has been busy reversing the Biden administration’s so-called climate policies from the moment he was sworn in. He declared a national energy emergency, revoked the Biden ban on new LNG export capacity, and suspended some $300 billion in funding for transition projects in the country. With that, …
Read More »Europe doesn’t Need US Gas, but might Buy It anyway
Donald Trump wants EU countries to buy more US-shipped gas. There are reasons for Europeans to consider taking the bait, but each comes at a price. At first glance, US supply and European demand for liquified natural gas seem like a match made in heaven. “We still get a lot …
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