Tag Archives: Guardian Newspaper

The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the latest version of the Monthly Oil Market Report released on Monday. OPEC now expects global oil demand to fall by 9.77 million barrels per day in 2020 to reach 89.99 …

Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime …

The Global Wind Energy Council found that wind power capacity grew by 60.4 gigawatts, or 19%, compared with 2018, in one of the strongest years on record for the global wind power industry. The growth was powered by a record year for offshore wind, which grew by 6.1GW to make …

The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel production even as global demand for energy continues to fall due to the Covid-19 pandemic. Oil storage levels across the world’s storage facilities have climbed to about three-quarters …

The challenge for OPEC+ is the strong supply growth elsewhere in the world.

China shocked the market in June 2018 by announcing that it would not issue approvals for any new solar power installations in 2018 and would also cut subsidies.

The UN summit is set to provide a sobering counterpoint to Friday’s global climate strikes.

Google has become the largest corporate buyer of renewable electricity.

The funding is further evidence of Japanese interest in Africa and in PAYG [pay as you go] solar energy globally.

Great Britain has hit a new power milestone – lasting for a fortnight without using any coal power to generate electricity for the first time since the industrial revolution.