Shipping gasoline to Venezuela embarrassed and humiliated US more than ever like pounding US’s Ain al-Assad military base in Al-Anbar Province in Baghdad.
Read More »Russian Minister, Oil Majors to Discuss Output Cut Extension
Russian Energy Minister Alexander Novak is due meet oil majors to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters. The meeting on Tuesday is a further sign that Moscow is committed …
Read More »Global Oil Demand Is not Heading for a Permanent Decline
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back …
Read More »A Quarter of Brits Consider Switching to an Alternatively-Fuelled Vehicle
More than two-fifths have spent less than £10 during the past month, whilst almost a third admitted they’ve not needed to spend any money filling their vehicles with fuel, according to a survey.
Read More »New UK Facility will Convert 30k Tonnes of Unrecycled Plastic to Recycled Oils
The work for the project is expected to be finalised by the end of 2023.
Read More »Maintaining Flexible Power System Critical to Avoiding Power Cuts on Road to Net Zero
A new report highlights how a host of technologies helped stabilise the country’s energy system during a volatile start to 2020.
Read More »Australia Announces Technology Investment Roadmap to Boost Economic Activity Post Covid-19
The roadmap will support jobs, businesses and boost investment in low emission technologies.
Read More »Oil Gains on Signs of Improving Demand, Drawdown in Inventory
Oil prices rallied again on Wednesday on signs of improving crude demand and a drawdown in United States crude inventories, but gains continued to be capped by concerns over the economic fallout from the coronavirus pandemic. Global benchmark Brent crude settled up $1.10, or 3.2 percent, at $35.75 per barrel, …
Read More »Global Wind, Solar Growth to Slow 2020 on Corona Crisis to 143 GW
Global additions of wind and solar power capacity are set to fall in 2020 for the first time in 20 years due to the coronavirus crisis, the International Energy Agency said Wednesday. A revised forecast for 143 GW of capacity additions is 26 GW below October’s outlook with approximately 16 …
Read More »South Korea to Shift to 40% Clean Energy Share by 2034
The East-Asian country plans to begin to shift away from thermal and nuclear power generation to a larger proportion of renewable energy.
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