Tag Archives: International

Wind turbines are growing in size and productivity thanks to advances in technology.

The Covid-19 pandemic is prompting energy companies world-wide to shed jobs and cut costs, and will have a fundamental impact on the pace and direction of global energy transition, the World Energy Council (WEC) said, pointing to the latest findings of its global surveys. “The Covid-19 crisis is triggering the …

OPEC+ nations that had been pumping more oil than their quotas allow for are starting to fall in line and provide details to other members of the cartel on how they’ll make extra reductions to compensate. Nigeria, Angola, Gabon and Brunei have submitted plans to the OPEC secretariat in Vienna …

The plans for New Jersey represent another step forward for America’s fledgling offshore wind sector.

The IEA’s Birol stressed in the report that the plan was not intended to tell governments what they must do; instead, it seeks to show them what they can do.

The U.S. Henry Hub natural gas prices reached the lowest levels in 21 years last week, as supply rises slightly while demand drops, according to the U.S. Energy Information Agency (EIA). The benchmark natural gas price reached $1.38 per million British thermal units (MmBtu) on Tuesday, June 16. This is …

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations on Thursday promised full conformity with oil output cuts from July through September to balance the global oil market. The 23-member group known as OPEC+ said “attainment of 100% conformity from all participating countries is not only fair and …

The Intergovernmental Panel on Climate Change has said the world must cut carbon emissions to reach net zero by 2050 in order to limit global warming to 1.5 degrees Celsuis.

Energy-intensive companies in Croatia could save up to EUR 10 million a year through the government’s scheme to reduce the surcharge they pay for incentivizing renewable energy production.

Oil turned around last week’s setback, extending a slow but relentless rise since falling into negative territory in April. US benchmark crude futures rose 2.3% Friday to close at the highest level since March 6. The 9.6% increase for the week marks the seventh gain in the last eight weeks. …