As India’s oil and gas demand continues to grow, the South Asian country is looking to any supplier offering a low-cost product, regardless of how controversial they may be. India’s refiners are diversifying their supply, in response to recent OPEC oil quota cuts, and turning to sanctioned states, such as …
Read More »European Leaders Highlight Role of Clean Energy in Enhancing Economy
European leaders participating in the UN climate change summit (COP27) in Egypt underlined the importance of green hydrogen and clean energy in enhancing the economies of countries worldwide. Speaking at a roundtable on investment in the future of energy, German Chancellor Olaf Scholz emphasized the need to move to green …
Read More »Oil Prices Jittery as U.S. Midterm Elections Too Close to Call
Oil prices were lower early on Wednesday in Europe as the United States continues to count votes in the midterm elections, which turned out to be more contested than predicted with both the House and Senate races too close to call as of 3 a.m. ET. “Definitely not a Republican …
Read More »U.S. Solar Capacity has Grown 28,500% since 2008
The U.S. has plans to expand its solar energy market exponentially in support of its optimistic climate change policies. The country has already established several widescale solar projects, and with the introduction of the recent Inflation Reduction Act (IRA), renewable energy companies are being provided with the funding and tax …
Read More »Europe Ramps up Renewable Capacity amid War in Ukraine
Via AG Metal Miner November’s Renewables MMI (Monthly MetalMiner Index) traded sideways for the first time since June. The index rose by 1.56% month-over-month. This primarily resulted from GOES (grain-oriented electrical steel) rising in price. Meanwhile, other renewable energy resources, like neodymium and Japanese steel plate, traded sideways. Silicon remains …
Read More »Turkey Seeks Energy Production Abroad
Türkiye wants to engage in production activity in counties from which it buys natural gas or oil, Energy Minister Fatih Dönmez has said, adding that studies are underway to identify the location for a third nuclear plant. “This is our new energy strategy. We consider establishing partnerships with those countries …
Read More »IAEA, FAO Launch Seeds into Space to Develop Crops Adaptable to Climate Change
The International Atomic Energy Agency (IAEA) and the Food and Agriculture Organization of the United Nations (FAO) launched seeds into space today as they intensify their joint efforts to develop new crops able to adapt to the ravages of climate change on Earth, the FAO press service reported. The seeds …
Read More »India, Russia Vow to Expand Economic Cooperation, including Energy Sector
India and Russia on Tuesday vowed to expand their economic engagement including New Delhi’s import of petroleum products from its “time-tested” partner even as External Affairs Minister S Jaishankar emphasized on ending the Ukraine conflict in view of growing global concerns over energy and food security. After holding wide-ranging talks …
Read More »Oil Drops again on China’s COVID Challenges, Higher Inventories
Oil fell for a third day on a challenged Chinese demand outlook and after an industry report pointed to rising US inventories. West Texas Intermediate sank toward $88 a barrel after sliding 4 per cent over the first two days of the week. Swelling virus outbreaks in China show the …
Read More »IRENA and Industry Leaders Launch the Alliance for Industry Decarbonization
The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization. The new Alliance aims to accelerate net-zero ambitions and the decarbonization of industrial value chains in pursuit of the Paris Agreement climate goals. The new …
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