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Oil Price

Oil Has Become Too Volatile for Traders

Hedge funds are pulling out of oil as price volatility becomes excessive.

Offshore Wind Power

Germany Has Potential for 82 GW of Offshore Wind Power

Germany now has 7.8 GW of offshore wind turbines in operation that generated 12 billion kWh of wind power in the first half of 2022.

EU

EU Watchdog Backs ESG ‘Quality Label’ for Market Benchmarks

The European Union's markets watchdog said on Friday that a 'quality label' for market benchmarks would help prevent investors being misled by environmental, so…

LNG

Ukraine’s Naftogaz Backs Scholz’s Bid for Canadian LNG Ahead of Trip

Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russia…

Natural Gas

Italian Manufacturers Cut Output to Save Energy, Government Official Says

Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top official at the ecological transit…

Electric Car

Australian Bank to Scrap Loans for New Diesel and Gasoline Cars as Country Looks to Increase EV Uptake

According to the International Energy Agency, electric vehicle sales hit 6.6 million in 2021.

Natural Gas

Gas Prices Are Down, but Biden’s Problem at the Pump Isn’t Going Away

As the White House publicly promotes falling gas prices, behind the scenes, officials worry prices could rise again as they keep looking for ways to get more oi…

Nuclear Power Plant

German Economy Minister Rules Out Keeping Nuclear Plants Running to Save Gas

German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, say…

Oil Field

How Norway Can Expand Its Oil Industry and Reduce Emissions

Norway is aiming to cut its emissions by 55 percent from 1990 levels by the end of the decade, an ambitious target for the world’s 13th largest oil-producing n…

Solar Power Plant

Nearly 50% Of Africa Has No Access to Power, Could Renewables Help?

The IRENA estimates that renewable energy sources could help Africa meet around a quarter of its energy needs by 2030.

Oil Price

Why Buffett’s Berkshire Hathaway Is Seeking to Buy Up to 50% Of Occidental

The conglomerate first made a bet on the Houston-based oil company three years ago

LNG

Japan's Mitsui Nears Decision to Join New Sakhalin-2 Operator, Nikkei Reports

The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru HanaiJapanese trading firm Mitsui & Co is close to mak…

Coal-Fired Power Plants

UK Could Pay £420M for Keeping Coal-Fired Power Stations Open This Winter

National Grid ESO has confirmed it has agreed on contingency contracts with four coal units

Oil Refinery

Shell Cuts Output at German Refinery as Rhine Is Drying up

The company has cited the “low water level” of Rhine as the reason for its decision

Hydropower Plant

Europe’s Hydropower Generation Hits Record Lows Due to Drought

The effects of the drought conditions in many European countries are being felt in the hydropower generation sector, with low water levels in reservoirs constra…