International

Forty global cement and concrete manufacturers have pledged a new 25 percent reduction in CO2 emissions by 2030. The Global Cement and Concrete Association (GCCA) is aiming to accelerate the long-term shift to greener concrete, as part of the industry’s wider plans to achieve net-zero in concrete manufacturing by 2050 …

The coalition that will form the government to succeed Germany’s Angela Merkel has agreed to phase out coal by 2030, eight years than currently planned, Reuters reported on Friday. The center-left Social Democrats, the Greens, and the liberal Free Democrats have agreed on a plan for Germany to exit coal …

For European nations looking for ways to protect their citizens and businesses from skyrocketing energy prices, Spain has a dispiriting message: there’s only so much governments can do. After months of devising policies to cap the pain of a record surge in gas and power prices amid supply shortages, Spain’s …

Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November and seeking more for December, according to …

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday. Oil and natural gas prices have soared to multiyear highs recently, …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed the need to increase investments and support projects to develop the gas sector to meet the growing need for clean fuels in global markets. This came on the sidelines of his participation in the work of the World Energy Forum week in …

China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand. Coal purchases rose 17% on the month to 32.9 million tons, the highest total this year, according to the customs …

The International Energy Agency (IEA) has noted the significance of China promising to stop constructing coal plants in foreign countries, saying it could result in cancellation of coal projects with a total capacity of as much as 190 gigawatt (GW). Speaking before the UN General Assembly in September, Chinese President …

Demand for natural gas in the wider Arab region is rising at its “fastest” pace, with a steady annual growth rate of 4.8 percent, according to Organisation of Arab Petroleum Exporting Countries (OAPEC). Demand for gas in the region eclipses global demand by more than two-fold, the second highest in …

The Organisation of Petroleum Exporting Countries (OPEC) on Monday forecast $1.5 trillion downstream investment for between 2021 and 2045. OPEC also predicted that of the amount, $450billion would be invested in new refinery projects and extension of existing ones. The organisation foresaw positive development in the African downstream that would …