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Crude Oil

Global Crude Oil Prices Extend Losses Ahead of Fed Meeting

Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.

Oil Exploration

Drilling Firm Challenging Denial of Oil Exploration Efforts in Big Cypress Swamp

Burnett Oil Co. did not have a rendering of its proposed exploratory oil drilling facility it might build in the Everglades should permits be granted. This is a…

Crude Oil

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed

Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

Crude Oil

China's Jan-Feb Daily Crude Oil Throughput Falls to Lowest Since End-2020

China's daily oil processing rate dropped 1.1% in the first two months of 2022 from a year ago, to the lowest since December 2020, as independent refiners scale…

Rooftop PV System

China Drives Rooftop Solar Growth

China is driving growth in rooftop solar photovoltaic (PV) capacity after it increased its installations to 27.3 gigawatts (GW) in 2021 from 19.4GW in 2017.

LNG

Dutch Limit Gas Production at Groningen Despite Energy Crisis

The Dutch state announced in 2019 that Groningen output would end by October 2022 to limit seismic risks in the region, with gas only to be extracted thereafter…

Coal Production

China's Jan-Feb Coal Output Jumps 10.3% for Winter Heating

China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heatin…

Coal Company

MCL Becomes the Largest Coal Producing Company in India

On March 12, 2022, the company produced 7.62 lakh tonne of dry fuel which is the highest in a day during the current financial year reaching 157.7 MT with a gro…

Coal Price

Coal Prices Soar to 200 Year High

Coal prices are soaring, hitting US$462/t on 10 March, up from US$186/t on 23 February and likely to pass US$500/t this year, Rystad Energy research suggests.

EV Market

Higher Petrol Prices Hurt, but Cutting Fuel Excise will Slow Transition to Electric

Australian petrol prices are rising as Russia’s invasion of Ukraine pushes up global oil prices. It’s likely motorists will be paying more than $2.15 a litre …

Wind Farm

140MW Wind Farm Starts Feeding South Africa’s Grid

African independent power producer Red Rocket has announced commercial operations of its first wind farm in South Africa, Roggeveld, now feeding much-needed ele…

Electric Car

Ford to Ramp up EV Offering in Europe, Plans Major Battery Facility in Turkey

Ford Europe’s chair, Stuart Rowley, says “electrification represents the most transformative change in our industry in over 100 years.”

Nuclear Power Plant

Finnish EPR Starts Supplying Electricity

Unit 3 of Finland's Olkiluoto nuclear power plant was connected to the national grid on 12 March and has started supplying electricity, operator Teollisuuden Vo…

Crude Oil

Japan to Call on Middle East Oil Producers to Raise Output

Japan will ask oil producing countries in the Middle East to ramp up production in the face of surging prices triggered by Russia’s invasion of Ukraine, Prime …

Oil Price

Oil Expected to Stay Above $100 Amid Russia-Ukraine Crisis and Demand Push

The upside will remain limited above the $130 per barrel mark, while the $100 per barrel will be an important support to watch.