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Oil Price
Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap
OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …
Wind Farm
CPP Investments Supports Renewable Power Capital’s New Investments in European Onshore Renewables
Renewable Power Capital (RPC) entering the Swedish market with 100% acquisition of onshore wind farm from OX2
Crude Oil
Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low
Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes …
Oil & Gas Supply
U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX
U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer pric…
Crude Oil
Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…
Nuclear Power Plant
Philippines Approves Revival of Nuclear Power to Help Replace Coal
Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country’s energy mix, as authorities prepare for the phasing…
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…
Nuclear Power Plant
China Voices Concerns for Safety of Ukraine's Nuclear Facilities
China's Permanent Representative to the United Nations in Vienna Wang Qun on Wednesday expressed concern for the safety of nuclear facilities in Ukraine amid th…
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
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…
Wind Power Project
K2 Management Bags 2 Wind Projects in Pakistan
Renewable energy engineering firm K2 Management (K2M) has been appointed as the independent engineer to two Liberty Wind projects in Pakistan, which has a com…
Wave Energy
Scottish Wave Energy Firm Lands £730,000 Funding
A wave power company has secured a major new investment to speed up the commercial rollout of its technology.
Solar Power Plant
Viet Nam to Cut Solar Power Capacity in Draft Plan
Deputy Prime Minister Le Van Thanhh told the Ministry of Industry and Trade (MoIT) to reduce the solar capacity and increase offshore wind power in the draft Po…
Firm, Siemens Energy Seal Power Deal
Information Communication Technology (ICT) company, 21st Century Technologies Limited has struck a new deal with Germany-based energy company, Siemens Energy to…
Natural Gas
Michigan’s Average Gas Prices now $3.55 per Gallon, Experts See ‘Little to No Relief’ amid ‘Perfect Storm’
Michigan’s average gas prices continue to rise amid rising oil prices brought on by Russia’s invasion of Ukraine.
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