International

India expects to add as much as 15.4 gigawatts (GW) of new coal-fired power capacity this year, the most in nearly a decade, anonymous sources with knowledge of the matter told Bloomberg on Wednesday. India, the world’s second-largest coal consumer, looks to boost baseload capacity amid surging power demand and …

Europe has been looking for ways to accelerate its rare earth metals production to diversify its supply chain and reduce reliance on China as its main supplier. Several minerals will be crucial for the development of the global renewable energy industry, helping energy companies to produce batteries, solar and wind …

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC (FLOT.MM) in a move to limit the Kremlin’s ability to finance its war against Ukraine, Bloomberg News reported this week, citing a document seen by it. The move would follow similar punitive measures imposed on the leading Russian …

Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn’t clear whether this development would have a significant impact, it was largely ignored by OPEC. By late 2014, as U.S. oil production …

In a recent meeting with House Republicans, former President Donald Trump declared his intention to completely reverse President Joe Biden’s electric vehicle (EV) policies if he is re-elected. Trump criticized the current administration’s push towards battery-powered cars, describing the mandate as “crazy,” according to Idaho Representative Russ Fulcher. He emphasized …

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC in a move to limit the Kremlin’s ability to finance its war against Ukraine, according to a document seen by Bloomberg. State-owned Sovcomflot, the largest shipping company in Russia, has been one of the key companies helping to …

Tajikistan aims to generate all its electricity from green energy sources by 2032, President Emomali Rahmon said Tuesday. Rahman made the remarks while attending the International Water Conference in the capital Dushanbe, according to a statement by the Presidency Office. “We are doubling our efforts as part of the transition …

Dubbed “white gold,” lithium is immense valuable in the modern world. Though lithium prices dropped dramatically from the highs achieved in late 2022, China still dominates the lithium supply chain. This continues to spur on multiple countries looking to lay their hands on this valuable metal. Lithium is a critical …

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and May 2024, the revenues for the Russian federal budget from oil and gas hit $55.7 …

OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will eventually see that the group’s policy is correct. The alliance remains committed to the stability of the oil market and can react quickly to any changes, ministers from the …