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Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to Rystad Energy forecasts. Spain will reach this significant decarbonization milestone this year, with renewable-sourced generation surpassing …

Artificial intelligence is the latest buzz—geeky stuff that can improve energy efficiency, productivity, and outcomes. But it is a fledgling concept, making room for errors. And that’s why the smart move is to test a problem and simulate solutions, sharing the best outcomes industrywide. Artificial intelligence — or AI for …

Germany has asked the European Commission to investigate the flow of allegedly fraudulent biofuels into the European Union, a spokesperson for the German Environment Ministry said, stepping up scrutiny on trade in the fuel that has rattled the industry. EU incentives for biodiesel production made with waste oils and fat …

The European Commission and the United Arab Emirates pledged on Wednesday to build support ahead of this year’s COP28 climate summit for global goals to expand renewable energy, which they said would help countries shift from “unabated” fossil fuels. In a statement agreed after a meeting of officials in Brussels, …

The European Union’s behavior is “anti-aviation” because of mandates obliging airlines to use so-called sustainable aviation fuels as a lower-carbon alternative to ht fuel. This is the message that the aviation industry had for the EU at its annual meeting that began today. “I think it’s fair to portray the …

Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its official selling prices for its crude going to Asia in July. At least three refiners in Asia are looking to …

China and Kazakhstan are planning a new rail connection and border crossing in the Bakhty-Ayagoz area, expressing hope that the new route can cut freight transit times. Kazakh President Kassym-Jomart Tokayev announced the move during the May 24 Eurasian Economic Forum, attended by representatives of the Eurasian Economic Union. Kazakhstan’s …

Emergency energy price measures implemented by the European Union in 2022 will not be extended further, the European Commission said on Monday, bringing to an end hundreds of billions of dollars in tax cuts, subsidies and other incentives. Citing electricity prices that have dropped to under 80 euros per megawatt-hour …

Following the recent China-brokered resumption of relationship deal between historical enemies Saudi Arabia and Iran, a deal for the Kingdom to develop two key projects in Iran’s close ally Iraq is in the offing. The problem with this idea is that it is dependent on two highly unpredictable elements. The …

Following a suspense-filled weekend in Vienna, where OPEC oil ministers attempted to downplay media attention, global oil markets remain uncertain about the direction of oil prices. The recent “surprise” oil production cut announced by Saudi Arabia’s Minister of Energy, Prince Abdelaziz bin Salman, has failed to restore confidence in the …