Russia is building on its 2020 roadmap for hydrogen production over the next decade, announcing a new working group to coordinate the country’s hydrogen production and exportation projects. With the development of a new working group, by Russian Prime Minister Mikhail Mishustin, to coordinate hydrogen projects, Russia appears to be …
Read More »Oil Rises after US Stocks Fall more than Expected
Oil prices climbed on Wednesday after industry data showed US crude and product inventories fell more sharply than expected last week, reinforcing the expectation that demand will outstrip supply growth even amid a surge in Covid-19 cases. US West Texas Intermediate (WTI) crude futures rose 43c, or 0.6%, to $72.08 …
Read More »Hot Start to Olympics Raises Health Concerns
The 2020 Summer Olympics kicked off in Tokyo on Friday and there are already signs the toughest part of the competition may just be the extreme heat and humidity in what is expected to be the hottest Olympics on record. Temperatures in Tokyo this time of year are usually in …
Read More »Achieving Climate Target Will Create Millions of Energy Jobs
Meeting the goals of the Paris Agreement would create 8 million jobs by 2050, a new analysis published in the journal One Earth found. Currently, 18 million people globally work in the energy sector, which the study defines as only those within the energy system, not adjacent sectors like energy …
Read More »Iraq Confirms Oil Exports for June Exceeded $6bn
Iraq’s Ministry of Oil has announced finalised oil exports for June of 86,765,589 barrels, giving an average for the month of 2.892 million barrels per day (bpd), slightly down from the 2.899 million bpd exported in May. The exports from the oilfields in central and southern Iraq amounted to approximately …
Read More »The Great Toyota Zero-Emissions Summer Olympics Debacle
Do you remember this CNET Road Show headline from 2019? “Toyota will use Tokyo Olympics to debut solid state battery electric vehicle.” The 2020 Olympics were supposed to showcase the zero emissions talents of the Japanese auto industry, with crowds of people moving seamlessly from place to place using self-driving …
Read More »How Accelerating the Pivot to Solar Energy can Help Mena Countries
Between 2018 and 2020, the solar power capacity of Vietnam leapt to 16.5 gigawatts from 0.1 gigawatts. In the same period, the sunny Mena region added only 3.1 gigawatts in its entirety. The region has made some important strides in solar power but it needs to find the way to …
Read More »Russia Returns to Plans for First Batch of LNG-Powered Icebreakers
Reuters reports that top executives announced the news last week. The government has appointed Rosatom, Russia’s atomic energy corporation, as the state operator of the Northern Sea Route. Director general of Rosatom Alexei Likhachev said that by the end of the year a decision on the possible construction of two …
Read More »Iran Opens 1st specialized Nuclear Industry Innovation Center
The First Specialized Nuclear Industry Innovation Center was inaugurated in Tehran on Monday in the presence of Atomic Energy Organization of Iran (AEOI) Chief and Vice-President for Science and Technology. The First Specialized Nuclear Industry Innovation Center was launched with the aim of commercializing the research achievements of the country’s …
Read More »Oil Falls $1/bbl as Coronavirus, Floods Threaten Demand
Oil prices fell nearly $1 on Monday as concerns about fuel demand from the spread of COVID-19 variants, as well as floods in China, offset expectations of tight supplies through the rest of the year. Brent crude futures for September fell 95 cents, or 1.3%, to $73.15 a barrel by …
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