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Oil Price

Ukraine Speeds Global Rush to Self-Sufficiency

Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…

Coal Production

China to Keep Daily Coal Output at More than 12 mln Tonnes amid Global Price Surge

China will maintain daily coal output at more than 12 million tonnes and accelerate approvals for new coal mining projects to ensure sufficient supply.

Hydrogen Transport

Fortescue Future Industries, Airbus: Starting the Green Aviation Revolution with Green HAydrogen

Fortescue Future Industries (FFI) and Airbus have formed a focused taskforce to implement green hydrogen within the aviation industry in an effort to decarbonis…

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…

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…

Hydrogen Fuel Cell Vehicle

China Puts 100 Hydrogen Fuel Cell Vehicles to Work in Order to Decarbonise Cold Chain Logistics

100 hydrogen fuel cell cold-chain logistic vehicles have officially been put into operation in Beijing, China, as the country looks to expand its hydrogen exper…

Oil Shale

OPEC Meet with U.S. Shale Executives at U.S. Energy Conference as Oil Prices Skyrocket

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy …

Oil Price

ADNOC’s Murban Cude OSP Rises to $93.99/b for April as Market Tightens

Abu Dhabi National Oil Co. hiked the April official selling price for its flagship Murban crude oil by more than 10% from March, with Middle East crudes seeing …

Oil & Gas Trade

US Officials Reportedly Visit Venezuela to Discuss Easing Oil Sanctions

Highest-level talks in years yield little progress as politicians look to further isolate Russia

Oil Price

Saudi Aramco Raises April Crude OSPs to Asia, Europe, US

Saudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and…

Crude Oil

China Confident of Ensuring Energy Supply Despite Challenges

China’s government is capable of supplying sufficient energy despite serious challenges as it will step up production capacity and boost reserves to keep price…

Finland

Finnish Geothermal Heat Player QHeat Secures EUR 3.3m Loan for Drilling Rig

Finnish Climate Fund has granted EUR 3.3m loan to Finnish geothermal heat exchange player QHeat to acquire more efficient drilling rig to target medium-deep geo…

Crude Oil

Shell Defends 'Difficult' Decision to Buy Russian Crude Oil

Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine.

Energy Transition

Why $100 Oil Could Hurt the Energy Transition More Than It Helps

The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market help to speed the glob…

Oil Price

IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman

The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…