Energy economy

US budget Request includes USD150 million for Uranium Reserve

The US Administration's 2021 budget request unveiled yesterday by President Donald Trump includes USD150 million to set up a uranium reserve to address challeng…

Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee a…

'Hypocrisy' : 90% of UK-Africa Summit’s Energy Deals Were in Fossil Fuels

More than 90% of the £2bn in energy deals struck at this week’s UK-Africa investment summit were for fossil fuels, despite a government commitment to “suppor…

DOE Secretary Says Coronavirus Unlikely to Hurt Energy Markets in Near Term

US Energy Secretary Dan Brouillette played down the effect that a coronavirus outbreak in China would have on energy markets, describing the impact as "marginal…

The Brazilian Bioenergy Firm to help Zambia Develop the Biofuel Industry

The Brazilian Bioenergy, Ethanol and Sugarcane Association has pledged to support Zambia with technological advancements in its quest to develop the Biofuel Ind…

Siemens Gamesa Swings to Loss and Cuts Guidance

Siemens Gamesa Renewable Energy SA said Tuesday that it swung to a loss in the first quarter of its fiscal 2020 due to project delays, and lowered its full-year…

U.S. Agriculture Dept. Creating Incentive Program to Boost Ethanol & Biodiesel Sales

The U.S. Department of Agriculture (USDA) is seeking input from biofuel stakeholders as it works to create the Higher Blends Infrastructure Incentive Program (H…

U.S. Extends Clampdown on Iran With Sanctions on Energy Firms

The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort …

Energy Management System Market to Reach $43 Billion by 2024

Energy Management System Market is set to grow from its current market was valued at over USD 23 billion in 2018 to USD 43 billion by 2024, according to a new r…

Rising Demand for Steel And Energy Pushed Global Coal Use

The global maritime coal trade grew 0.7 per cent last year, helped by increased output in China and Indonesia, according to Germany’s VDKI coal importers lobby…

Global Power Industry Tenders In December 2019: Solar Technology Declines 24%

Comparing tenders activity in solar technology in different regions of the globe, Asia-Pacific held the top position with 65 tenders and a share of 72.2% during…

​New York to Invest $2bn in Utility Energy Efficiency Initiatives to Combat Climate Change

As part of the initiative, the New York State Public Service Commission has approved energy efficiency and electric heat pump targets to significantly reduce en…

Bloomberg NEF Report：China’s Renewable Investments Fall As US’s Rise in 2019

According to a report published by BloombergNEF, China, with $83.4bn of investments in the renewable sector, was still the biggest player in the industry but in…

Experts Views About How the Energy Industry Will Grow in 2020

Major shifts — including new technology, rising oil prices and a changing climate — are encouraging investors to look to new energy sources.

EU Wants to Spend 1 Trillion Euros for “Sustainable Investments” Across The Coming Decade

Financing for this will come from the EU budget, co-financing from EU member states, and contributions from the European Investment Bank and InvestEU, a major f…