Dow

Thermal Plant

Thermal Power Plants must Shut Down Early to Meet Climate Targets, Says Study

Coal and gas-fired power plants would have to shut down 10 to 30 years sooner than their usual 35 to 40-year lifespan so that climate targets can be met.

Market Analysis

How China Became the World's Largest Electric Vehicle Market

As nations attempt to cut down on carbon footprints, electric vehicles are becoming a larger and large piece of the equation.

Crude Oil

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…

Thermal Coal

Indonesia Sets June HBA Thermal Coal Price at $52.98/mt, Close to 4-Year Lows

Indonesia's Ministry of Energy and Mineral Resources set its June thermal coal reference price -- also known as Harga Batubara Acuan or HBA -- at $52.98/mt, dow…

Oil Price

Australia:Tasmania to Introduce Mandatory Fuel Pricing

The Tasmania state government has announced it would impose a mandatory real-time fuel price reporting mechanism on retailers in order to put downward pressure …

Coal Trade

Coal Supply by CIL to Power Sector Dips 22% to 32 MT in Apr Due to Demand Slump

The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the c…

Crude Oil

Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…

Energy Storage Battery

EIB Reaffirms Commitment to European Battery Industry and Energy Transition

At a meeting of the European Battery Alliance on Tuesday 19 May, European Investment Bank Vice-President Andrew McDowell, confirmed the Bank's commitment to sup…

Coal-Fired Power Plants

DEFF Orders Eskom to Shut Down Kendal Power Station

South Africa's environment minister, Barbara Creecy, has rejected Eskom's objection to and confirmed the compliance notice issued to Eskom in December 2019 by t…

Oil & Gas Trade

Chinese Oil Demand has Almost Rebounded to Pre-Pandemic Levels

Oil demand in China has almost returned to its level before the coronavirus pandemic spurred the government to impose lockdowns and shut down industries.

Clean emission

Global CO2 Emissions to Drop 4-7% in 2020

Four countries or blocs -- China, the United States, the European Union and India -- accounted for two-thirds of the downturn across the first four months of 20…

Nuclear Power Plant

Norwegian Reactor Dismantling to Cost Almost USD2 Billion

The decommissioning of Norway's shut down research reactors at Halden and Kjeller will cost around NOK20 billion (USD1.96 billion) and take 20-25 years, accordi…

UK Govt Extends Feedback Window for CfD Changes Due to COVID-19

The UK government has extended the consultation period for expressing opinions regarding the planned changes of the Contracts for Difference (CfD) scheme by a w…

Oil Shale

U.S. Shale Needs To Slow Down To Survive

Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…

Oil & Gas Trade

OPEC Expects Global Oil Demand Hits Biggest Downfall

The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…