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Citi
Crude Oil
Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
Turkey
Virtual Power Plant in Turkey Balances Renewables with Geothermal Capacities
Five geothermal power plant operators joined Pure Energy’s pool and now the electricity trader can optimize its operations in Turkey with the steady source via…
Hydrogen Fuel Cell
Utility-Scale Fuel Cell Technology to Power South Korea’s Historic Cities
Bloom Energy is partnering with SK Engineering and Construction to deploy two new clean energy facilities with fuel cell technology in Gyeonggi Province.
Crude Oil
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Oil & Gas Trade
Libya Set To Export First Crude From Oil Ports Since January
Two tankers will be the first since January this year to load oil for export at the Libyan port of Brega, citing unidentified source in the know.
Solar Power Plant
Citicore Plans Solar Projects to Turn Out 1,500MW
Citicore Renewable Energy Corporation, subsidiary of Filipino firm Citicore Power, targets to ramp up its solar farm developments for an aggregate capacity that…
IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower …
United States
IEA Lowers 2020 Oil Demand Forecast Citing Dismal Aviation Sector
The International Energy Agency (IEA) cut its 2020 oil demand forecast on Thursday, warning that reduced air travel due to the coronavirus pandemic would lower …
Electric Car
Israel Expects Half Of New Cars Sold In 2030 To Be EVs
Israel is preparing for a massive roll-out of electric vehicles on its roads over the next decade and is instructing its cities to build hundreds of charging po…
Saudi Arabia
Saudi Arabia’s Oil Exports Fall 65% in May, WTI Regains $42
Citing official data, Oil exports from Saudi Arabia, the OPEC’s top producer, fell by 44,277 million riyals (USD12 billion) or 65.0% in May 2020.
Clean emission
Around 90% of Indian Cities have no Budgetary Allocation for City-Specific Clean Air Plans
Only nine among India's 102 cities have a city-specific clean air plan with an outlined budget for the execution of the proposed air pollution mitigation activi…
Solar Company
Shell Scrambles to Secure Solar Buyers In Brazil
Shell is looking for buyers for the energy to be produced at solar farm in Brazil, citing the Anglo-Dutch major's solar business development manager for Latin A…
Citi unveils $1.5 Billion Green Bond to Combat Climate Change
American multinational financial services firm Citi has unveiled its first US dollar-denominated green bond to finance environmental-friendly projects.
Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
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