Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5% on Friday. Reported cases and fatalities fell in many states hit …
Read More »New York Plans to Buy Enough Clean Energy to Power more than 1.5m Homes Every Year
The State of New York has announced it is seeking bids to procure approximately 12 million MWh of renewable electricity.
Read More »The Next Move in Oil Prices May Be Down, Not Up
Benchmark Brent crude prices have risen by 128% from their April low, remaining above $40 a barrel since the middle of June. But rising supply and faltering demand bode ill for those who want oil prices to keep climbing. The OPEC+ group of oil producers, who have implemented unprecedented output …
Read More »Oil Prices Fall on US-China Tensions
Oil prices fell on Friday, pressured by tensions between the United States and China, but some supportive economic data in Europe tempered losses. Brent crude futures fell 34 cents to $42.97 a barrel by 1:11 p.m. EDT (1711 GMT). US West Texas Intermediate (WTI) crude futures slipped 18 cents to …
Read More »Renewable Energy Is Gaining Market Share during the COVID-19 Pandemic
Renewable energy has surged to capture a record share of global electricity generation, seizing more market share during the coronavirus downturn. The steep drop in electricity demand, down by more than a fifth in some parts of the world, has hit energy producers everywhere. But because renewable energy has zero …
Read More »Oil and Gas and Renewable Tech Firms form Energy Transition Alliance
The Alliance is a collaboration between the Oil & Gas Technology Centre and the Offshore Renewable Energy Catapult.
Read More »Oil Slips as U.S. Posts Surprise Rise in Crude Inventories
Oil prices edged lower on Wednesday as government data showed a surprise rise in U.S. crude inventories and as tensions escalated between the United States and China. Brent crude futures settled down 3 cents at $44.29 a barrel, while U.S. West Texas Intermediate crude settled down 2 cents at $41.90 …
Read More »EU Bank Greenlights €2bn for Global Energy Projects
That includes investment in energy efficiency and clean energy projects that support the transition towards a low carbon economy.
Read More »Oil Prices Slip as U.S. Inventories and Virus Fears Grow
Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 60 cents, or 1.4%, to $43.72 a barrel by 0912 GMT. …
Read More »EU Approves Ireland’s New Renewable Aid Scheme
The Irish Government intends to introduce the Renewable Electricity Support Scheme (RESS) for green power production from sources including solar and wind farms.
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