Ande

Crude Oil

Oil Ekes Out Gains as U.S. Stimulus Hopes Lift Global Markets

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid packa…

Offshore Wind Power

Wind Energy Group Says $43 Billion at Risk from COVID-19

Energy groups continue to assess the industry disruption caused by the coronavirus, with the American Wind Energy Association (AWEA) on March 19 saying the glob…

Solar Power Plant

U.S. Solar Industry Hit By Coronavirus Pandemic

The flourishing U.S. solar industry is already experiencing supply delays due to coronavirus-inflicted supply chain disruptions and may not meet the deadlines f…

Oil giant Saudi Aramco Sees 2019 Profits Drop 20% to $88.2B

Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weak…

Clean Energy Transition

IEA: Coronavirus May Hamper Clean Energy Transition & Climate Action

The coronavirus pandemic might lead to a decline in carbon emissions in the short-term, but may pose a threat to long-term climate action as it will also underm…

Coronavirus Dampens 2020 Outlook for Clean Energy and Electric Vehicles

BNEF downgrades growth forecasts for global solar and battery sectors this year, as markets suffer fallout from escalating pandemic.

Crude

Russia Still Elusive On Deeper OPEC+ Oil Production Cuts

Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…

Oil & Gas Trade

Russia Still Studying Proposed Deeper Opec+ Output Cuts: Novak

Russia is still studying proposed deeper oil output cuts by the Opec+ grouping of top producers prompted by the new coronavirus outbreak in China, Energy Minist…

RusHydro Inaugurates New Hydropower Plant

PJSC RusHydro announces an inauguration of 346 MW Zaramagskaya HPP-1 in North Ossetia. Yury Borisov, Deputy Prime Minister of the Russian Federation, Alexander …

Solar Power Panel

New Perovskite Promises 38.7% Efficient Tandem Cells

Scientists from Japan’s Gifu University and the Tokyo Institute of Technology have identified a chalcogenide perovskite material with light absorption attribut…

Oil&Gas Drilling

Libyan Oil Production Falls as US Issues Warning

FEARS of further damaging military intervention in Libya have been raised after the US demanded the resumption of oil production in the country.

Electric Car

A Step Closer of Tesla to Opening Its First European Factory

The U.S. carmaker last November announced plans to build a giant factory in Gruenheide, in the eastern German state of Brandenburg, giving it the coveted "Made …

Argentine Govt Prepares Bill to Spur Oil and Gas Investment

Argentine President Alberto Fernandez will send a bill to Congress to attract investment for the production of conventional and unconventional hydrocarbons, a s…

20 Hydrogen Fuel Cell Buses Land in Changshu, China

20 Suzhou Jinlong Haige hydrogen fuel cell buses landed in Changshu. As a local hydrogen energy demonstration project, these batches of zero-emission buses will…

Oil & Gas Trade

Eastern Libya Halts More Than Half the Country's Oil Output

Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude o…