Energy economy

US And China Sign Trade Agreement of The First Step, Energy Tariffs Remain

The US and China have agreed the first step of a broader deal to diffuse a trade war between the two economic giants, though key tariffs on energy imports into …

Total Shifting ‘Finance Hub’from London to Paris‘due to Brexit’

Patrick Pouyanne told a financial conference in the French capital: “Total will bring its cash back to Paris”, following up with a tweet confirming the move.…

Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri

Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia's Pertamina and Chandra Asri to explore the possibility of developing a crude-to-pe…

Renewables Growth Must Increase Fourfold by 2030 to Meet Climate Targets

The share of renewables in the global energy system needs to more than double by the end of the 2020s ­— with $10trn of fossil-fuel investment redirected — i…

​Nord Stream 2 Is An Economic Project to Benefit Germany And Europe, Washington’s Stance Is Wrong - Merkel

Speaking to journalists in Moscow alongside Russia’s President Vladimir Putin, Merkel argued that that “sanctions are a wrong way to go.” Both leaders vowed …

Saudi Arabia Launched Its Third Round of Its Renewable Energy Programme

Saudi Arabia has launched the third round of its renewable energy programme, which aims to add a total of 1.2 gigawatt of solar photovoltaic power capacity to t…

Dubai's Logistics Firm Tristar Buys Land in Oman's Duqm Port to Expand Operations

Dubai's Tristar Group, an oil and gas sector-focused logistics company, acquired more than 11,000 square metres of land in Oman’s Duqm port as it expands its o…

China's Waste Import Ban Spurs UK Investment in Recycling

The head of a major British waste company says that the United Kingdom is beginning to feel the positive effects of China's waste import ban, as investment in d…

Rising Renewables Investment To Power Solar Panel Cleaning Market Trends

Growing inclination towards renewable energy as well as favorable government policies has accelerated the deployment of solar energy farms. As these farms are m…

UAE Energy Minister:OPEC Will Meet Any Shortage If Needed

"The market is well supplied. We’re not forecasting shortage of supply unless there’s a catastrophic event which we don’t see, so Opec always will meet and d…

U.S. Energy Consumption Suffered A Noticeable Hit By Economic Slowdown

U.S. manufacturers and freight hauliers were hit last year by the sharpest slowdown since the 2008/09 recession and it filtered through into a noticeable dip in…

The Six Paradoxes Slowing Down The Energy Transition

It is not just the fact that certain economies, such as Russia or Norway, are highly dependent on oil & gas revenues, it is also the choices and approaches that…

Oil Falls As Middle East Anxieties Ebb for Now

The front-month contract for Brent crude North Sea oil was last seen down USD 0.73 at USD 68.18/bbl – off Monday’s three-month high – while the WTI equivalen…

Iran, Iraq and Suleimani: How Will Things Play Out for Energy Markets?

It’s winter in Baghdad, but the US killing of Iranian major general Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis has raised the already heat…

​Iran Tension May Push up Fuel Prices, Spook Bid to Boost Economy

Global oil prices spiked 4 per cent on Friday as tensions flared up in the Middle East, setting off worries over an extended spell of market volatility hitting …