U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October …
Read More »Spanish Researchers Develop Materials to Obtain Hydrogen from Water via Microwave Radiation
A team from the Institute of Chemical Technology (ITQ), a joint research center of the Polytechnic University of Valencia (UPV) and the Higher Council for Scientific Research (CSIC), and the UPV’s Institute of Information and Communications Technologies (ITACA) has developed the design of materials that can improve the process of …
Read More »COP29 Host Aims to Raise $1 Billion for New Climate Fund
In line with global green transition aims, pressure is increasing to support developing countries around the globe to tackle climate change and develop their renewable energy capacity. The COP29 host country Azerbaijan is now in charge of setting up a new climate fund, aimed at encouraging fossil fuel producers to …
Read More »Tesla to Focus on Autonomy and AI as Earnings Disappoint
Amid softer EV demand and worsening profit margins this year, Tesla is setting its sights on AI as Elon Musk is betting more on self-driving and artificial intelligence. The AI hype has investors hooked in the past three months since Tesla’s underwhelming first-quarter deliveries and earnings numbers published in April. …
Read More »Russia, Iraq And Kazakhstan to Compensate Overproduction in the next 15 Months
Russia, Iraq, and Kazakhstan have submitted their compensation plans to the OPEC Secretariat for overproduced crude volumes for the first six months of 2024. According to OPEC, the entire over-produced volumes will be fully compensated for over the next 15 months through September 2025, with Russia ‘paying back’ a cumulative …
Read More »Iran’s Non-Oil Exports Increase 8% in 4 Months y/y
The head of the Islamic Republic of Iran Customs Administration (IRICA) said that in the first four months of the current Iranian calendar year (March 20-July 21) the country exported $17.5 billion non-oil goods, registering an 8.0 percent growth, year on year. Mohammad Rezvanifar put the total value of the …
Read More »IEA: Global Coal Demand Set to Remain Broadly Flat over next Two Years
Global coal demand is set to remain broadly flat over the next two years, as surging electricity demand in a number of major economies offsets the ongoing rapid expansion of solar and wind capacity worldwide, according to the International Energy Agency (IEA). After global coal use soared 2.6 per cent …
Read More »In Gas-Rich Venezuela, next President Faces Problem of Producing It
Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that fall from trees. “So we …
Read More »India to Apply for Deep-Sea Critical Minerals Mining in the Pacific
India plans to apply for obtaining licenses for deep-sea mining of minerals key for the energy transition in the Pacific, a senior government scientist told Reuters on Monday. India has been exploring ways to own and develop critical minerals assets abroad as its renewable energy rollout is soaring and as …
Read More »Europe still Vies with China as Top Market for Russia’s Pipeline Gas
Europe still contends with China for the title of top buyer of Gazprom PJSC’s pipeline gas, more than two years after Russia’s invasion of Ukraine slashed its western energy sales. This situation reflects both the Kremlin’s successes and failures. Even after many rounds of international sanctions, Russia still supplies substantial …
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