Economy

Oil & Gas Trade

UK Energy Company Centrica Triples Profit

British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine

Energy Saving

Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting

Natural gas furnaces not only heat your home, they also produce a lot of pollution.Even modern high-efficiency condensing furnaces produce significant amounts o…

Oil & Gas Trade

First GECF Monthly Gas Market Report now available

Doha, QATAR – 15 February 2023: The GECF is pleased to unveil the inaugural edition of the Monthly Gas Market Report (MGMR). This new publication offers a…

Market Analysis

Millions of Households Could Switch Their Energy Supplier in Second Half of 2023

The number of households switching their energy supplier could skyrocket from July 2023, as falling energy wholesale prices coupled with reduced government supp…

Solar Power Plant

Smarter Climate Finance for the Developing World

Without a concerted effort by governments and international financial institutions to harmonise standards and strengthen incentives for investments in decarboni…

Electric Car

Hyundai Motor Group's EV sales volume tops 100,000 in U.S. in 8 years

SEOUL, Feb. 13 (Yonhap) -- The U.S. sales volume of electric vehicles (EVs) of South Korea's Hyundai Motor Group has surpassed the 100,000 mark on a cumulat…

Oil & Gas Trade

Petronas Divests Entire Interest in Engen

Petronas has reached an agreement to sell its entire 74 percent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and p…

Energy Investment

Africa is Turning into a Key Growth Zone of World Energy Market

Global Energy Association held the second conference of the Regional to Global cycle in Ethiopia. The event took place on 8 February in Addis Ababa, the capital…

Oil & Gas Trade

Dana Gas Reports 53% Rise in 2022 Adjusted Net Profit on Higher Oil Prices

The Khor Mor gas complex, operated by Crescent and Dana Gas, in the Kurdistan Region of Iraq. Photo: Crescent PetroleumDana Gas, one of the largest private natu…

Oil Price

Oil Prices Steady Amid Prospects of Fuel Demand Rebound in China

Global oil demand is set to surge to record levels this year as China's economy recovers. GettyOil prices were steady in morning trade on Monday as the pros…

Hydrogen Project

Green Hydrogen Promises to Boost Brazil-Germany Relationship

At the forefront of the green hydrogen economy, Germany sees Brazil as a strategic fuel supplier, a big bet to replace oil, gas and coal and meet climate target…

Energy Taxation

Fuel Tax Exemptions Make No Sense – For the Climate or the Economy

Petrol and Diesel pumps at a service station in Sydney. (AAP Image/James Gourley)Revising the generous fuel tax credits given to businesses should be a priority…

Oil & Gas Trade

Shell and Conocophillips More Than Doubled Their Earnings in 2022

The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 ea…

Germany

German E.ON to Invest EUR 210 Million in Power Business in Romania

E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division. It is also developing en…

Crude Oil

OPEC+ Agrees to Stick to Oil Output Targets Amid Improving China Outlook

Opec's headquarters in Vienna. APThe Opec+ alliance of 23 oil-producing countries has agreed to roll over its existing oil output cuts as the fuel demand ou…