A record 19GW of new solar capacity has been installed this year, according to a new report.
Read More »Biden Set to Supercharge Clean Energy Push with $40B Stash
Twelve years ago, the Department of Energy was so central to the incoming Obama administration’s stimulus plans that DOE staffers were among the first through the doors at the transition headquarters, helping the Secret Service take the plastic wrap off tables and chairs so they could get to work. Now, …
Read More »US Invests $45m in Advanced Solar Technologies Research
It is also supporting the creation of a consortium dedicated to developing control technologies for a modernised electric grid.
Read More »US Crude Oil Inventories Fall for Week Ending Dec. 25
US commercial crude oil inventories decreased by 1.2% for the week ending Dec. 25, according to data released by the Energy Information Administration (EIA). Inventories decreased by 6.1 million barrels to 493.5 million barrels, more than the market expectation of a fall of 2.1 million barrels. Strategic petroleum reserves, which …
Read More »US Crude Oil Inventories Fall for Week Ending Dec. 25
US commercial crude oil inventories decreased by 1.2% for the week ending Dec. 25, according to data released by the Energy Information Administration (EIA). Inventories decreased by 6.1 million barrels to 493.5 million barrels, more than the market expectation of a fall of 2.1 million barrels. Strategic petroleum reserves, which …
Read More »US Oil Inventories Down by 4.7M Barrels
Crude inventories in the United States fell by 4.78 million barrels in the week ending Dec. 25, private data from the American Petroleum Institute (API) reportedly showed Tuesday. Meanwhile, oil reserves in Cushing, Oklahoma, rose by 131,000 barrels in the same seven-day period. Gasoline stockpiles in the U.S. declined by …
Read More »China’s US Oil Imports near Record, Saudi Imports up 43%
China’s crude oil imports from the U.S. soared 13 fold in November from a year earlier to the third highest on record, customs data showed on Dec. 25, as companies accelerated energy purchases set out under a trade deal with Washington. China’s U.S. oil imports hit 3.61 million tonnes, about …
Read More »China Extends Tariff Exemptions for US Chemical and Oil Products
Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries reached a phase-one trade deal. The extension will come into force on Saturday and last until December 25, 2021, the …
Read More »Russia to U.S. President-Elect: Don’t Upset the Oil Market
Russia hopes the incoming administration of U.S. President-elect Joe Biden will not derail producer nations’ action to boost oil markets, Russia’s Deputy Prime Minister Alexander Novak said on Monday. Russia, other leading oil producers and the Organization of the Petroleum Exporting Countries, a group known as OPEC+, have joined forces …
Read More »Kremlin Sees US Sanctions on Nord Stream 2 as Manifestation of Hybrid War
The Kremlin sees US sanctions against the Nord Stream 2 pipeline, expected to pump gas from Russia to Europe, as a sign of a hybrid war, presidential spokesman Dmitry Peskov said Monday. Russian billionaire Oleg Deripaska has recently said that “sanctions are a tool of a very real modern hybrid …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel