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Oil Price

Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl

Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…

Carbon Emissions

Global Energy-Related Carbon Emissions Reach Highest Level Yet in 2021, IEA Says

Coal accounted for 40% of the carbon dioxide emissions last year.

SINOPEC

Saudi Aramco Signs Agreement with China’s Sinopec for Potential Downstream Collaboration

World’s largest oil exporting company aims to expand its operations in China.

Coal Mine

India Expects Private Coal Mines to Produce at Least 350 Mln Tonnes by 2030

India expects coal mines owned by private companies to produce 350-400 million tonnes of coal by 2030, a senior coal ministry official told an industry conferen…

Nuclear Power Plant

U.S. Ban on Russian Energy Imports Does Not Include Uranium

U.S. President Joe Biden's ban on American imports of Russian oil and other energy products, announced on Tuesday, does not include a ban on imports of uranium …

Natural Gas

US Off-Target to Reach Biden Decarbonisation Goals Despite Wind and Solar Boom

Despite rapid growth of renewables plant construction across America, nation will still be relying on coal and natural gas for 44% of power generation in 2050, …

Nuclear Power Plant

IAEA Reports Second Ukraine Nuclear Facility Damaged

The International Atomic Energy Agency said Monday it has received reports of artillery shells damaging a nuclear research facility in Ukraine's besieged second…

Electric Car

Tesla Sold Fewer Cars in China in February

Tesla officially sold 56,515 Chinese made vehicles in February, according to new data from the China Passenger Car Association (CPCA) that was released on Tuesd…

Natural Gas

How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year

The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasio…

Nuclear Reactor

Indian Test Reactor Reaches Operation Landmark

India's fast breeder test reactor (FBTR) has reached its full 40 MWt design power level for the first time, more than 35 years since it first started operating.…

Crude Oil

U.S. Sanctions on Russian Oil to Leave More Cargoes at Sea with No Buyers

The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers.

Electric Vehicle Battery

Aston Martin Inks Deal to Develop EV Batteries with UK Start-Up Britishvolt

Aston Martin is to work with Britishvolt on the development of “high performance battery cell technology,” as the carmaker gears up to launch a battery-electr…

Gas Turbine

GE Turbines Will Power New 2-GW Gas-Fired Plant in China

A new 2-GW natural gas-fired power plant in China, being built to support the coming retirement of a large regional coal-fired complex, will feature three GE 9H…

Nuclear Power Plant

Ukraine Regulator's Concerns Over Nuclear Sites

The State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) has expressed growing concerns about the situation at Chernobyl and at Zaporozhe, where Ukrainian n…

Hydrogen Production

Low-Carbon Hydrogen Production to Be Explored in Egypt

Egypt could be set to grow its hydrogen economy with the revealing on March 7 of a memorandum of understanding (MoU) to assess low-carbon hydrogen production in…