National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules. The change will be in the form of a new clause in the EU’s guide to low-emission …
Read More »China Cuts Coal Imports on Oversupply
China has reduced its coal imports and increased exports on ample supply of the commodity, Bloomberg has reported, citing a 13% increase in outbound coal shipments from the country in the first five months of the year. China exported 2.5 million tons of coal between January and May, with the …
Read More »Trump Policy Threatens Residential Solar Industry
The sun is setting on residential solar in the United States as the Trump administration leans toward pulling the plug on clean energy incentives. In a shift in policy, the latest draft of the “One Big Beautiful Bill Act” omits residential solar lease providers from the Investment Tax Credit. Already, …
Read More »South Africa Secures $2.2 Billion to Help Transition away from Coal
South Africa has long been dependent on coal, finding it difficult to leave fossil fuels in the past for a future in green energy. The African country has produced and exported coal to bolster its economy as well as to provide energy for its population of over 60 million. However, …
Read More »Brazil’s Contradictory Stance on Climate and Fossil Fuels
Brazil will hold the COP30 climate summit in November, where it is expected to lead the world in supporting a green transition. In recent years, Brazil has made greater efforts to increase its renewable energy capacity and protect the Amazon rainforest from deforestation activities. However, in the lead-up to the …
Read More »Why India’s Budding EV Sector has Opened its Doors to China
For decades, China has driven the lion’s share of oil demand growth thanks to its remarkable economic boom and large population. However, China is now losing its prominence in global oil markets due to a dramatic slowdown in its economy coupled with the country’s ongoing electric vehicle revolution. Last year, …
Read More »Russia’s Fuel Oil Exports to India and Turkey Jump as Prices Drop
Russia hiked its fuel oil and vacuum gasoil (VGO) exports to India and Turkey in May as buyers preferred to purchase more fuel oil amid falling prices, according to shipping and trade data reviewed by Reuters. Russia’s oil products have been banned in the EU and other Western countries since …
Read More »OPEC Stuck between Market Share Push, Demand Uncertainty
In the past, oil price wars were short, sharp and, to those who profited from them, sweet. Now, an oil price war is a more cautious affair—assuming what OPEC is doing with its supply return is a price war, of course. And because most assume just that, all eyes are …
Read More »Can Africa Power Europe’s Green Hydrogen Ambitions?
As several countries expand their green hydrogen production capacities, regions will have to develop new pipelines and energy transportation corridors to support a green transition across borders. Some countries are more well-suited to producing green hydrogen than others, meaning that energy sharing could help non-production countries gain access to clean …
Read More »Automakers Pivot to Hybrids as EV Sales Lag behind Expectations
For years, automakers have been betting big on electric vehicles (EVs), as several governments attempt to phase out the sale of internal combustion engine (ICE) vehicles in favour of cleaner electric alternatives. As governments introduced financial incentives for EV uptake alongside emissions fees and eventual bans on ICE vehicles, automakers …
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