Ces

Crude Oil

Barclays Lifts Brent Oil Price Forecast To $80 In 2022

Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year an…

Energy Technology

China: New Sinopec Downstream Technology Process Developed

China's Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cuttin…

Wave Energy

Mocean Energy Wave Prototype Completes Sea Trials

Mocean Energy’s Blue X wave energy machine has returned to dock after a successful five-month test period at sea.

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 …