Top News

Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV) sales jumped by over 79% year-on-year in Q1 2023, …

Igor Sechin, head of the Russian energy giant Rosneft, said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production. Sechin, a long-standing ally of President Vladimir Putin, has said that the oil output boom in the United States, …

China’s first smart floating production, storage and offloading (FPSO) vessel was delivered in Nantong, East China’s Jiangsu Province on Friday, marking a milestone in the digital transformation and intelligent development of the energy sector in China, according to the vessel’s operator CNOOC Energy Technology & Services Ltd. The FPSO vessel …

The Undersecretary of the Iraqi Oil Minister, Basim Mohammed Khudair, stated on Thursday that a Turkish delegation will meet with Iraqi officials in the oil sector in Baghdad on June 19 to discuss the resumption of oil exports from northern Iraq. Khudair elaborated that the two parties agree that it …

Russia has reportedly paid dividends from the Sakhalin 1 and 2 oil projects in Chinese yuan, a shift from its usual practice of paying in dollars, thanks to western sanctions on Russia. The decision to pay in Chinese currency instead of the traditional U.S. dollar comes after Russia was cut …

Already reeling from the months-long suspension of its crude exports, Iraq’s semiautonomous Kurdistan region may see its lifeblood oil sector further hemmed in with the passage of the federal budget. The budget, passed June 12 following four days of late-night voting and intense debates within Iraq’s parliament — including on …

India will soon overtake China as the largest driver of global oil demand, International Energy Agency (IEA) chief Fatih Birol said on Wednesday, according to Reuters. Birol made this statement during a G20 event in New Delhi, emphasizing the “rapid growth of electrification in cars and buses in China as …

The European Union will have to aim for a near-total reduction of greenhouse gas emissions by 2040 if it wants to meet its 2050 climate neutrality goal, according to a report by the bloc’s climate advisory board, published on Thursday (15 June). The recommendation by the European Scientific Advisory Board …

Oman could turn into one of the biggest hydrogen suppliers in the world, the International Energy Agency has forecast in a recent report. The tiny Gulf sultanate currently generates some 60% of its export earnings from oil and gas but has set itself ambitious net-zero targets that would involve leveraging …

One of the world’s largest oil and gas companies—and a favorite target of climate activists and activist investors—is making something of a U-turn on its plans for the future. Shell, which was sued into cutting its oil output, is going back to oil and gas in a big way, and …