Despite Europe being home to some of the world’s biggest automakers, many of whom have developed several electric vehicle (EV) models, China is quickly becoming the global leader in EV manufacturing. Favourable government policies, easy access to critical minerals and battery technology, and low-cost manufacturing capabilities have spurred the development …

The new U.S. federal government, unlike the last one, is a big fan of liquefied natural gas. It is an even bigger fan of cementing the country’s top position as LNG supplier to the world. Yet while this may seem easy enough, it is actually fraught with challenges. The two …

Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly …

The UK could need up to $63 billion of investment in the power distribution network nationally to support additional demand and generation through 2050, double the current pace of additional investment, said the National Infrastructure Commission, the government’s independent infrastructure advisor. The UK will likely need investments of between $47 …

Abu Dhabi’s ADNOC has completed a share sale in its gas business unit to the tune of $2.84 billion, making the placement the biggest share sale in the Middle East and North Africa after the secondary share offering of Aramco, Reuters reported. The share placement was launched yesterday, with the …

A group of four dozen institutional investors that hold a combined 2.5% stake in BP are urging the supermajor to put to vote any fundamental reset of its strategy that could include easing its climate targets, the Financial Times reported on Wednesday, citing a letter from the 48 investors it …

As U.S. President Donald Trump pushes for talks with Russia for an end to the war in Ukraine, the EU on Wednesday agreed on a new package of sanctions against Moscow, including a ban on Russian aluminum imports and the designation of 73 shadow fleet vessels. A day after senior …

Potential sanctions relief on Russia in case of a ceasefire or peace deal for Ukraine will not boost materially Russia’s oil supply to the market, according to Goldman Sachs. As the U.S. and Russia launched talks on Ukraine and potential U.S.-Russia economic rapprochement, oil market participants and analysts have started …

Europe’s diesel markets are flashing signs of tightness, with near-term diesel contracts on Tuesday hitting the steepest backwardation–a situation where futures contracts for prompt delivery are more expensive than those further down the curve–since March. Backwardation is often interpreted as a sign of limited supply, with traders now willing to …

European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently …