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Crude Oil
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Energy Subsidies
Romania Hopes Second Call for Solar Subsidies to be Successful
Romania will subsidize households with EUR 57 million for the installation of solar power panels.
Nuclear Reactor
KSTAR Nuclear Fusion Reactor Further Improved
The National Fusion Research Institute announced on Nov. 22 that its plasma operation at 100 million degrees Celsius, an essential requirement for nuclear fusio…
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Thermal Coal
China's Thermal Coal Futures Plunge Around 60% Since mid-October, State Planner Says
The prices of thermal coal futures have plunged around 60 percent since mid-October as a series of measures have shown results.
CCS
Repsol Joins Forces with Cox Oil Subsidiary to Promote CCUS Projects in the US
Repsol has allied with Carbon-Zero, subsidiary of the company Cox Oil, to study the development of CCUS on the coast of the Gulf of Mexico in the United States,…
Oil Refinery
Refinery Closures About To Happen In Europe
Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel fee…
Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Energy Investment
Inclusive Growth the Key to China’s Economic Success
The report said China's wealth reached $120 trillion in 2020, compared to $90 trillion for the US. Germany, Japan, Britain, France, South Korea and other countr…
Allegiance Coal Announces First New Elk Cargo
Manufacturer to supply 20 of its SG 5.0-145 turbines for 100MW wind farm in Alberta, western Canada
Crude Oil
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Solar Power Plant
ALGERIA: Sonatrach to Build a Solar Park for Its Oil Sites
The National Company for research, production, transport, processing and marketing of hydrocarbons will carry out on its own funds, a photovoltaic plant in the …
Energy Storage Battery
China Unveils Plans to Curb Excessive Battery Growth
The Chinese government has issued a draft plan for lithium-ion battery companies to curb manufacturing projects that only expand capacity.
Offshore Wind Power
Tauron and Enea to Jointly Build Offshore Wind Farms in the Baltic Sea
PGE Polska Grupa Energetyczna, Tauron Polska Energia and Enea are joining forces in the area of offshore wind energy.
Crude Oil
Japan to Subsidise Refiners to Ease Oil Price Impact
Japan is planning to give subsidies to the country's refiners for the first time to offset the impact of surging oil prices on domestic oil product values.
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