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Global market
Natural Gas
Greece to Launch New Gas Trading Hub on March 21
A new Greek natural gas trading platform will go live on March 21, enhancing interconnectivity and supply security in the region amid volatility on global marke…
Oil Price
Fuel Prices on Saipan up 20 Cents
FUEL prices on Saipan went up by 20 cents on Friday and Saturday as the Russian invasion of Ukraine continues to spook global markets.
Wind Power Project
U.S. Added Less New Wind Power in 2021 Than the Previous Year — Here’s Why
New wind installations fell in 2021 as the industry faced a series of challenges, including supply chain headwinds, logistics logjams and international trade ba…
Crude Oil
Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intel…
Oil & Gas Supply
Sanctions on Russian Energy ‘on the Table,’ White House Says
The United States is “very open” to imposing sanctions on Russia’s oil and gas industry, White House spokeswoman Jen Psaki said on Wednesday, adding that it …
Crude Oil
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…
Floating Offshore Wind
First Floating PV Plant to be Built in Greece by Terna – Global Market to Reach 4.8 GW by 2026
Floating PV technology is making its first steps in the Balkan region, with companies in Greece, Albania, Romania, and Montenegro investing in new projects.
Crude Oil
OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,…
Crude Oil
Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Hydrogen Project
Bloom Energy, SK Ecoplant to Expand Hydrogen Agreement to Achieve a Global Market Leadership
Bloom Energy and SK ecoplant will collaborate on establishing a market leadership in the hydrogen economy with hydrogen innovation centres set to appear across …
Market Analysis
Global Offshore Wind Market to Hit $56.8bn by 2026
A new report conducted by Research and Market states that the global market for offshore wind energy will record a 12.3% growth between 2021 and 2026.
South Korea
Korea Expands Presence in Battery Raw Materials Markets
Although Korean battery raw materials companies have increased their combined share of the global market, they still place third after China and Japan.
Coal Mine
New Elk Coal Commences Coal Mine Operations in Colorado
With all regulatory approvals in place, New Elk Coal has started production at its Weston, Colorado mine, and will be scaling up operations for the export of co…
Natural Gas
Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.
LNG
GECF Expert Commentary - New Trends on the Global Market of LNG Carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception.
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