Economy

Oil & Gas Trade

UAE can Play Major Role in India's Transition to Gas-Based Economy

The United Arab Emirates can play a major role in India’s ambitious transition from hydrocarbon economy to a gas-based economy as the two countries are "enjoy…

Siemens Has Spinned Off Its Gas And Power Business To Finish Listing Energy Unit in Next Year

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May …

Energy Storage Project

Global Energy Storage Projects Are on The Rise

A recent research study has identified 2,092 energy storage projects globally. As global electricity grids embrace the new energy economy, energy storage is bec…

Global Investment in Renewable Energy from 2010-2019 to Hit $2.6tn

Renewable energy made up 12.9% of the global share of electricity generation in 2018, an increase from 11.6% in 2017. Global investment in renewable energy capa…

Shell Leads Big Oil in the Race to Invest in Clean Energy Tech

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are we…

Shell Leads Big Oil in the Race to Invest in Clean Energy Tech

Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European majors that are wel…

$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns

The US$20-billion Danish fund MP Pension said on Tuesday it is excluding the world’s largest oil companies from its portfolio, looking to secure long-term retu…

Oil Price

Russian Economy will not be Under Serious Pressure Even if Oil Prices Drop to $40

The Russian economy will not be under serious pressure even if oil prices drop to $40 per barrel, Russian Economic Development Minister Maksim Oreshkin said.

​India and Russia Will Unveil A Energy Co-operation Agreement to Reduce India's Dependence on Traditional Fuel Suppliers

The framework, to be inked at the Modi-Putin summit, aims for an alternate route for oil, gas and coal from the Russian far east, an area marked out by both nat…

ExxonMobil, Mosaic Materials to Explore Carbon Capture Technologies

Mosaic Materials has progressed research on a process that uses porous solids, known as metal-organic frameworks, to separate carbon dioxide from air or flue ga…

Shell Closes in on Takeover Deal for Australian Energy Supplier ERM Power

Oil giant makes first foray into Australia's competitive power market as it continues drive into consumer energy supply, renewables, and clean technologies

The State of Lower Saxony Plans to Build a Green Hydrogen Economy

Hannover – The state of Lower Saxony plans to build a green hydrogen economy. More than 20 companies have joined forces for the H2 initiative.

Oil Price

US Refined Product Stocks Build Higher than Expected

Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product …

Green Hydrogen Future Analysis

‘Green’ hydrogen could be a significant pillar of a decarbonised economy. But there are significant challenges to overcome.

Global Power Demand Will Grow by 62% Between Now And 2050

Bloomberg NEF's latest New Energy Outlook report predicts that global power demand will grow by 62% between now and 2050, equating to 1.5% increase a year.