Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer. Concerns of supply in the world’s biggest oil exporter also edged prices higher due to tensions in the Middle East. Brent crude was up 35 cents, or 0.6%, at $63.65 a …
Read More »Global Hedge Funds Predict Jump in Oil Prices
Their forecast has been based on what they see as the inability of many companies to increase production due to the ongoing economic impacts of the coronavirus disease (COVID-19) pandemic, which would mean a balance in supply and demand, according to Al Arabiya. The funds’ outlook on future trends of …
Read More »More than a Million EVs and Hybrids Sold in Europe in 2020
Nearly one-in-six passenger cars registered in Europe was electrically-charged.
Read More »US Wind Output Hits New Heights in December
EIA estimates that wind accounted for 9% of US electricity generation in 2020.
Read More »Concrete Plans to Recycle Danish Turbines
Scheme will recycle turbine blades for use in cement industry. Danes want to be seen as world’s best in reusing wind tech.
Read More »Global Oil Consumption Crashed By 9% In 2020
Due to the coronavirus restrictions and lockdowns, global consumption of petroleum and other liquid fuels crashed by 9 percent to 92.2 million barrels per day (bpd) in 2020, the U.S. Energy Information Administration (EIA) said on Friday, nothing this was the largest drop in EIA’s series dating back to 1980. …
Read More »Earth Lost 28 Trillion Tonnes of Ice Between 1994 and 2017
The loss is equivalent to a 100-metre thick sheet of ice covering the whole of the UK, according to new research.
Read More »Lightsource bp Completes $380m Financing for Two Texas Solar Projects
That includes the 163MW Elm Branch and 153MW Briar Creek solar projects that are expected to offset greenhouse gas emissions by a total of 370,000 metric tons annually.
Read More »Oil Drops as U.S. Stimulus Wrangles, Rising COVID-19 Cases Hit Sentiment
Oil prices fell on Tuesday as fading hopes for a rapid approval of new U.S. economic stimulus and mounting new coronavirus cases raised questions over the pace of any recovery in demand, Trend reports with reference to Reuters. Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 …
Read More »Oil Prices Down on Concerns over COVID-19 Vaccines
Oil prices fell on Monday over reported deaths of some elderly people after getting the COVID-19 vaccine, while the number of coronavirus cases is still surging to negatively affect oil demand recovery expectations. International benchmark Brent crude was trading at $54.84 per barrel at 0646 GMT for a 0.47% fall …
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