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Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Energy Storage Battery
India to be World's Largest Market for Battery Storage by 2040: IEA
India will become the largest market for utility-scale battery storage by 2040 as renewables show immunity to the COVID-19 pandemic to emerge as a cost-effectiv…
Crude Oil
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in…
Oil & Gas Trade
OPEC+ to Stick with Plans to Ease Output Cuts, Says Russia's Novak
Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a glob…
Oil & Gas Trade
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand d…
World Energy Outlook
IEA’s Report Gauges the Effect of the Pandemic on Climate Goals
Amid deep disruption and uncertainty caused by the pandemic, a surge in well-designed energy policies is needed to put the world on track for a resilient energy…
Power Construction
SEWGA Completes 157 New 11 Kilovolts Distribution Stations
SEWGA also replaced equipment and spare parts in 111 stations, upgraded 26 stations, expanded seven areas in Sharjah, and completed projects to modify and upgra…
Market Analysis
Argentina’s Oil Boom Is Showing Signs Of Life
After the devastating impact of the COVID-19 pandemic on its economy, there are signs that Argentina’s once burgeoning oil industry is coming back to life.
Wind Power Project
Boris Johnson Puts Windpower at Heart of Green Recovery Blueprint
Britain’s Prime Minister Boris Johnston has unveiled an economic recovery plan branded ‘Build Back Greener’ which he intends to create jobs, slash carbon emi…
Nuclear Power Plant
How GE Completed Romania Nuclear Plant Outage Despite COVID-19
GE Steam Power has completed a major steam turbine and generator outage at the Cernavoda nuclear power plant, Romania, with no safety incidents, during the COVI…
Oil & Gas Trade
Russia's Novatek Says on Track for up to 70 mln T/yr of LNG By 2030
Novatek is on track to produce 57-70 million tonnes of liquefied natural gas per year by 2030 despite the pandemic, the Russian company said on Tuesday, around …
Energy Saving
Slovakia to Expand Energy Efficiency Market with EIB Aid
Slovak Investment Holding has expanded its partnership with the European Investment Bank (EIB) to expand the energy efficiency market in Slovakia.
Energy Investment
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Crude Oil
Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021
Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.
Offshore Wind Power
BI Energia Signs Protocol of Intentions with RN for Offshore Wind Energy in Brazil
The agreement provides for the installation of 624 MW of wind power on the coast of Rio Grande do Sul, after the license was denied to the company’s wind farm …
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