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Libya recorded the biggest monthly increase in oil production in Africa, surpassing Nigeria, the continent’s largest producer. Libya’s production increase on a monthly basis to 1,167 million barrels of oil per day in February, compared to 1,023 million barrels per day last January, a daily increase of 144.000 barrels per …

Poland is set to spend $16 billion on upgrading and expanding its power grid to accommodate additional renewable and nuclear capacity, the country’s power grid operator said on Friday. Grid operator PSE said that its draft investment plan includes more than 3,000 miles of 400 kV transmission lines in a …

Carmakers preparing new EV models in a bid to take over the European market are worried grid and charging network constraints could challenge sales. According to a Bloomberg report, executives from some of the largest carmakers are flagging a lack of fast-enough grid expansion and the absence of a single …

Norway has big plans to pump waste carbon from oil and gas operations and heavy industry under the seabed of the North Sea to be stored safely underground. It believes this method will be key to decarbonizing its fossil fuel activities in the coming years and supporting a green transition. …

The Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next, the agency said in a Tuesday report. The EIA now sees the spot price for Brent crude oil averaging $87 per barrel, according to the latest edition of the Short-Term Energy Outlook published …

Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to a growing divergence between the IEA’s and OPEC’s outlooks on the future of the commodity, …

One of India’s fastest-growing steel companies JSW Steel, recently announced the next step in its growth plan. In a major steel news event, JSW Steel Italy SRL inked a memorandum of understanding (MoU) with the Italian government to re-start production operations at the Piombino plant via a €140 million investment. …

Oil production in the US this year will increase faster than previously expected, helping cushion global supplies as OPEC and its allies restrict output, according to government forecasts. US crude oil production is set to increase to 13.19 million barrels per day this year, up from from a previous projection …

Investments in new oil production have been stalling since about 2014. This has led many to suggest that higher prices for longer are on the cards, supported by anti-oil industry energy policies in key jurisdictions that are home to the largest private producers. Yet a case might be made that …

The United States produced more crude oil than any other country in 2023, for the sixth year in a row, with production averaging 12.9 million barrels per day, up from 12.3 million bpd in 2019, which set a global record at the time, according to the Energy Information Administration (EIA). …