Tag Archives: International

Global oil demand has rebounded somewhat faster than previously thought, although the spread of the coronavirus in the United States and Latin America is “casting a shadow over the outlook,” the International Energy Agency (IEA) wrote in its latest Oil Market Report. The last few weeks have seen crude oil …

An alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Key members of the Organization of the Petroleum Exporting Countries and …

The project is expected to have an annual energy production of 200,000MWh, which will result in an annual offset of 106,000 tonnes of carbon dioxide.

With this addition, the wind manufacturing company has surpassed 1GW of onshore wind energy projects in the country.

Global oil demand will average 92.1 million b/d in 2020, down by 7.9 million b/d versus 2019, the US International Energy Agency (IEA) forecast in its July Oil Market Report—a slightly smaller decline than forecast in the last report. Meantime, the agency highlighted uncertainty about the forward path for global …

Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed U.S. energy firms cut the …

That’s according to new statistics published by RenewableUK, which show that next year’s auctions for contracts to generate clean power could have a massive positive effect on the economy if the government takes steps to maximise the benefits available.

That’s the gloomy suggestion made in the Energy Institute’s latest Energy Barometer report, which surveyed more than 350 UK professionals from across the sector.

The project is expected to provide enough clean energy for approximately 18% of all homes in the borough.

The power agreement will allow the firm to cut its indirect emissions at its sites by approximately 55 kilotons. which is equivalent to the annual carbon footprint of more than 8,500 citizens.