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China will continue to be the global leader in renewable energy capacity growth over the next five years, despite phasing out renewable subsidies and the country’s heavy reliance on coal, which will remain unchanged in 2022, according to analysts. The global renewable energy sector saw strong growth in the past …

U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed …

The EU is planning to label energy from nuclear power and natural gas as “green” sources for investment despite internal disagreement over whether they truly qualify as sustainable options. The proposal, seen by AFP on Saturday, aims to support the 27-nation bloc’s shift toward a carbon-neutral future and gild its …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq exported 268 million bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 6.170 million bpd in the past week.” The top three source countries of U.S. import oil are …

Turkey raised the price of both electricity and natural gas on Saturday, New Year’s Day, Bloomberg reported. The price increase comes amidst a surge in global energy prices. For electricity, prices have increased between 52% and 130% for households, according to an estimate from Haberturk newspaper. In a statement issued …

Rising power costs in Europe, almost wholly down to the cost of natural gas, resulted in reduced output at Europe’s largest aluminum smelter, Aluminium Dunkerque Industries France. Losses there ballooned to €20 million ($22 million) during November, as natural gas prices quadrupled this year. Most aluminum smelters operate on long-term …

The OPEC+ group will likely proceed with its oil production policy of the past few months by deciding next week to add another 400,000 barrels per day (bpd) to its collective output quota, OPEC+ and Russian sources told Reuters this week. OPEC and its Russia-led non-OPEC partners in the OPEC+ …

China has made a new breakthrough in its quest for clean fusion energy, as one of its “artificial suns” set a new record in sustained high temperatures, according to state media. The Experimental Advanced Superconducting Tokamak (EAST), a nuclear fusion reactor research facility, ran at 70 million degrees Celsius for …

The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and lower gasoline prices. So far, the U.S. DOE, as authorized …

OPEC+ did some surprising things in the past 2 years. 1st, it broke up at the start of the pandemic with its 2 leaders – Saudi Arabia and Russia – turning on each other because of differences of opinion on how the crisis needed to be handled. Then the 2 …