To meet the rising demand for energy and the increase in global renewable energy capacity, there is a clear need to expand critical mineral mining activities. Mining for metals and minerals, such as cobalt, copper, and lithium, has increased significantly in recent years and is expected to keep rising in …
Read More »Trump’s Tariff Threat Looms over Brazilian Oil Exports
Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50% tariffs on the South American giant for allegedly persecuting right-wing ex-president Jair Bolsonaro. In a post on Truth Social, Trump called on Brazilian President Luiz Inácio Lula da Silva to halt what …
Read More »EIA: Iraqi Oil Exports to US Fall by 48,000 bpd
The United States scaled back crude oil imports from Iraq last week, according to data released Sunday by the US Energy Information Administration (EIA). The EIA reported that US crude imports from 10 major suppliers averaged 5.416 million barrels per day (bpd), down 772,000 bpd from the previous week’s 6.188 …
Read More »Iran to Stimulate Investment in Renewable Energy
The heads of the three branches of power in Iran unveiled plans to encourage investment made by the private sector in renewable energy solutions. The Supreme Council for Economic Coordination, comprising the heads of Iran’s three government branches, reaffirmed commitment to fostering private sector investment in renewable energy projects. In …
Read More »India Needs Strong Petrochemical Sector to Compete with China
India should boost its petrochemicals production to meet local demand and counter China’s growing global lead in the sector, a senior executive at India’s top private refiner, Reliance Industries, said on Friday. India needs to bolster its petrochemicals presence as China is taking over “the entire petrochemical industry”, Vikram Sampat, …
Read More »Shell Obtains Permission to Drill for Oil and Gas Offshore South Africa
Shell has received environmental authorization to drill up to five deepwater wells to explore for oil and gas off the west coast of South Africa. “Should viable resources ?be found offshore, this could significantly contribute to? South Africa’s energy security and the government’s economic development programmes,” the supermajor said in …
Read More »Saudi Oil Exports to China Set to Hit Two-Year High in August
Crude oil exports from Saudi Arabia to China are seen reaching the highest level in two years in August, Reuters reported today, citing half a dozen unnamed trade sources. The daily average, according to refiner allocation data seen by the publication, stands at 1.56 million barrels, for a total monthly …
Read More »Why Europe’s Wind Energy Edge is at Risk
Henrik Andersen, CEO of Danish wind turbine giant Vestas Wind Systems A/S, has issued a stark warning to European policymakers: without stronger and more cohesive industrial strategies, Europe may lose its edge in renewable energy manufacturing to the U.S. and other regions. “Wind is largely a European creation — born …
Read More »Oil Price Cap Debate Stalls EU-Russia Sanctions
The European Union is edging closer to finally adopting its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over three years ago. But two items still remain to be negotiated. Firstly, the price cap on Russian oil. It’s still in the draft proposal seen by RFE/RL, …
Read More »Baghdad-KRG Oil Deal Stalls despite Reports of Breakthrough
The long-running oil export dispute between Baghdad and the Kurdistan Regional Government (KRG) in Erbil over oil exports and public-sector salaries has now deepened, as Iraq’s Cabinet failed to address the issue in its latest session, just a day after media outlets reported that a resolution was near. According to …
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