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Germany installed a record-high power capacity from solar and wind in 2023, but only solar additions met government targets, while wind power installations fell short of goals. Booming residential demand resulted in the installation of over a million new solar power systems with a combined capacity of 14 GW in …

The U.S. and its key allies on the West and the East continue to tighten the noose around Russian exports of oil and gas and with them, the ability to finance its ongoing invasion of Ukraine and to support Iranian attempts to widen the rolling Israel-Hamas War. Several new agreements …

OPEC+ will hold a Joint Ministerial Monitoring Committee meeting sometime in early February, three sources said on Tuesday, according to media. OPEC+ typically holds JMMC meetings every other month, although volatile market conditions and member unrest have sometimes prompted the group to schedule meetings outside the every-other-month schedule. OPEC+ members …

India’s crude oil imports from its largest supplier Russia plunged in December to their lowest since January 2023, as six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions, according to data intelligence company Kpler. After rising to an all time record of 2.15 …

The Qinshan Nuclear Power Plant, China’s first indigenous nuclear power plant set a record high in 2023 of 96.8 percent in its unit capability factor (UCF), based on statistics provided by the World Association of Nuclear Operators, known as WANO. The power plant is located in Haiyan County, east China’s …

Turkey could take advantage from an expected global liquefied natural gas (LNG) production boom projected for 2025 onward, thanks to its extensive infrastructure, according to the head of the International Energy Agency (IEA). Fatih Birol, executive director of the IEA, recommended that Türkiye avail of this anticipated LNG boom that …

The State of Qatar has been keen to build a solid and ambitious economy that deals with reality and looks to the future with confidence and competence. The State has supported national efforts aimed at promoting and expanding Qatari industries, in a way that contributes to achieving self-sufficiency for the …

In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war. A recent report from a parliamentary panel highlighted that all import deals were executed within the scope of Western sanctions imposed on Moscow for its involvement …

Qatar has entered into a significant agreement to supply Shell in Singapore with up to 18 million barrels of oil annually for a period of five years, marking the Gulf state’s inaugural five-year crude sales deal. QatarEnergy announced its accord with Shell International Eastern Trading Co. to provide a yearly …

China has eclipsed Russia as the main trade partner of all five Central Asian states, according to official statistics. Kazakhstan is the most recent Central Asian country to see Beijing pass Moscow in terms of annual trade turnover. For the first nine months of 2023, China accounted for a 21.3 …