Chinese researchers have recently developed a new type of lithium metal battery with 3D printing technology, significantly improving the battery’s lifespan and energy density, according to the Dalian Institute of Chemical Physics under the Chinese Academy of Sciences. Lithium metal batteries are expected to be the next-generation of high-energy batteries …
Read More »Oil Prices Shaky amid Worsening Demand Outlook
Oil prices struggled to find their footing in early Asian trade on Thursday after a weakening global demand outlook depressed the market in the last session. Brent crude futures dropped 7 cents, or 0.1 percent, to $92.38 a barrel by 0310 GMT. U.S. West Texas Intermediate crude was down 21 …
Read More »China Accelerates Energy Sector’s Green Transition over Decade
China’s power generation capacity has increased by more than 70 percent compared to 2012, including a 700 percent increase in clean energy generators, according to a National Bureau of Statistics report on the green and low-carbon transition of the energy sector in the past decade. In 2021, China generated 8.5 …
Read More »High Energy Prices have Devastating Impact on European Markets
The high energy prices are wreaking havoc with the world economy and it’s unlikely we can expect any reversal of fortune in the near future. And with the recent explosion of the Russian-based Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea earlier this week, the energy …
Read More »Greece Ramps up LNG Imports to Mitigate Energy Crisis
On the islet of Revithoussa near Athens, Greece’s only liquefied natural gas (LNG) terminal station is operating at full capacity. The country has boosted LNG’s share in its energy mix since the onset of the energy crisis to protect households and businesses from blackouts. For Greece, the rocketing cost of …
Read More »Europe’s Biggest Supplier Expects High Gas Output until 2030
Norway plans to maintain its currently high gas production levels until the end of the decade as Europe plans to reduce Russian imports, its energy minister said on Tuesday. The Nordic country is now Europe’s biggest supplier of gas, according to Refinitiv Eikon data, overtaking Russia, which has cut back …
Read More »China has World’s Second Largest Number of Nuclear Power Units
China has the second largest number of nuclear power units in operation or under construction in the world, Tang Bo, an official with the National Nuclear Safety Administration, said on Tuesday. Speaking at the opening ceremony of the 29th International Conference on Nuclear Engineering (ICONE), Tang said that, as of …
Read More »Gazprom Tells European Buyers it cannot Ensure Gas Supplies
Russian state-owned energy giant Gazprom has told European buyers it may not be able to continue sending gas because of “extraordinary circumstances,” according to an exclusive report by Reuters, raising fears that the ongoing annual maintenance of a key pipeline might extend beyond Thursday, the day it is expected to …
Read More »China’s Crude Oil Output Up 4% in 1H
China’s crude oil output saw a steady expansion, rising four percent year-on-year in the first six months, official data showed. The growth was bolstered by increased oil and gas production. Relevant enterprises continue to intensify oil and gas exploration and development, effectively promoting the production and stability of crude oil …
Read More »OPEC+ to Assess Oil Market, Take Necessary Steps
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al-Saud said that oil was not discussed at a U.S.-Arab summit held on Saturday, and that OPEC+ would continue to assess market conditions and act as necessary. “There was no oil discussion at the summit,” Prince Faisal told a news conference, adding …
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