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Oil & Gas Trade
U.S. Oil Futures Plunge Nearly 25 Pct Amid Fears of Filled Storage
Oil prices fell significantly on Monday with the U.S. benchmark down nearly 25 percent amid fears over a growing scarcity of oil storage space.
Energy Storage Material
China's Export of Rare Earth up 19.2 Pct in March
China's export of rare earth increased by 19.2 percent year on year to reach 5,551 tonnes in March, according to data from the General Administration of Customs…
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
Oil Price
Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd
Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how…
LNG
The LNG Market Is“Imploding”
The global market for natural gas is also cratering.
Nuclear Power Plant
Czech Republic Aims for Dukovany Progress This Summer
Czech utility ČEZ applied to the State Office for Nuclear Safety on 25 March to construct two new reactors at its Dukovany nuclear power plant.
Hydrogen Fuel Cell Vehicle
China Develops its First Hydrogen Powered Tram for Passenger Transport
In a move to shrink greenhouse gas emissions, the country has developed and built the H2 vehicles.
Poland to Help Energy Groups Hit by Lower Demand by Easing Rules
Poland plans to help energy groups free up capital by easing some rules on electricity sales on the power exchange, the government said on Tuesday.
Coal Mine
NLCIL Launches Coal Mining Operations in Odisha
NLC India Limited has commenced operations to mine coal at Talabira mines in Odisha.
Coal Price
The Coronavirus Pandemic is Accelerating Coal's Demise
Prices haven't yet turned negative (like oil), but coronavirus is accelerating the demise of the dirtiest fossil fuel.
Hydropower Plant
AFRY India to Work on 1200MW Pinnapuram Pumped Storage Project
AFRY India has been contracted by independent power producer Greenko Energy Projects Ltd to provide detailed design engineering services for the 1200MW Pinnapur…
Pumped Storage
New DOE Report on Environmental Effects of Pumped Storage Hydropower
The U.S. Department of Energy has released a new report as part of its HydroWIRES initiative: A Comparison of the Environmental Effects of Open-Loop and Closed-…
Oil Price
Oil Fund's Forced Sales Send WTI Prices Plunging Again, Says Kemp
Front-month U.S. light crude oil futures prices slumped almost 25% yesterday,
Oil & Gas Trade
China Set to Issue First-Ever Export QQuotas for VLSFO of 10 mln T for 2020
China is set to release its first-ever quotas to export very low sulphur fuel oil with total volumes of 10 million tonnes for this year.
Coal-Fired Power Plants
US $3bn Coal Power Plant to be Constructed in Zimbabwe
The 2,800MW power plant will be constructed in four phases of about 700MW each. Rio Energy will partner with China Gezhouba Group Corp in funding and developin…
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