Tag Archives: Oil Price

India could see spikes in power prices in the coming weeks as supply will be constrained and procurement costs will rise with the shutdown of a unit at the country’s largest nuclear power plant for maintenance. India has now shut the 1-GW Unit 1 at the Kudankulam nuclear power plant …

Year after year, studies are showing that many countries around the world are falling short on their renewable energy targets by not accelerating away from fossil fuels to green alternatives fast enough. By the beginning of 2025, all 197 countries of the United Nations had endorsed the 2015 Climate Agreement, …

Used and recycled electric vehicle batteries are getting a second chance at life through energy storage systems across the country. Lithium-ion batteries are retired from their role powering EVs when they still have a lot of life left in them, and repurposing them for one of the fastest-growing energy industry …

The U.S. LNG export boom, strongly supported by the Trump Administration, could be undermined by separate trade rules proposed by the very same administration, which looks to revive America’s shipbuilding to counter China’s dominance. Under new mandates proposed by the U.S. Trade Representative (USTR), beginning in 2028, a total of …

Syrian Energy Minister Mohammed al-Bashir announced that he will soon travel to Baghdad, the capital of Iraq, to discuss reviving a significant project with the Iraqi government. In a televised interview, al-Bashir said that he will soon visit Iraq to discuss the rehabilitation of the oil pipeline linking the northern …

The European Union has increased its imports of Russian liquefied natural gas (LNG) by 9% since the war in Ukraine began in 2022, even as it calls out other nations for allegedly financing the Kremlin. According to The Economic Times, Russian LNG shipments to the bloc rose while purchases from …

The U.S. Embassy in Libya has welcomed the signing of a memorandum of understanding (MoU) between American energy giant ExxonMobil and Libya’s National Oil Corporation (NOC), aimed at advancing offshore natural gas exploration and production. In a statement, the embassy described the agreement as a development that would benefit both …

NASA is accelerating plans to set up a nuclear reactor to the Moon by the end of the decade, to power bases there and help America be the first nation to have an energy base powered by 24/7 nuclear power on the Moon and win the “second space race” with …

Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on Friday. Overall Chinese car sales also saw slowing growth last month, as the government is trying to tackle the overcapacity …

Russia’s Urals crude grade, which usually goes from the western Russian ports to India, is now being offered at discounts in China amid uncertainties over Indian purchases of Moscow’s oil following the additional tariffs. Spot Urals shipments going to China would be a significant re-routing of the Russian oil export …