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Oil Price

Oil Advances Above $43 after OPEC+ Extends Production Cuts

Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.

Oil Price

OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020

Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.

Wind Farm

Iberdrola's CAVAR Wind Power Complex Begins Operations in Spain

Spanish electric utility company Iberdrola has started operations of its CAVAR wind power complex in Navarra, Spain.

Offshore Wind Power

Germany Seeks 5-Fold Increase in Offshore Wind Power by 2040

The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.

Toyota to Launch Hydrogen Fuel Cell Venture with Chinese Auto Firms

Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.

Energy Technology

Clean Tech Could Cut Fossil Fuel Profits by Two-Third: Carbon Tracker

A new international report on Thursday showed how falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly…

Crude Oil

OPEC+ Meetings Postponed Until Mid-June

The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.

Crude Oil

Crude Oil Futures Rise on Spot Demand

Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.

Nuclear Power Plant

Ontario Completes First Darlington Refurbishment

Unit 2 of Ontario Power Generation's Darlington nuclear power plant has been reconnected to the grid at 100% full power, marking the official completion of the …

Crude Oil

Indonesia Sees Product Demand Up 160,000 b/d by 2026

Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…

Italy’s Cabinet Contests Regional Law on Hydro Licences

The Italian government has challenged Lombardy's regional regulation on hydro concessions.

Energy Transition

Eni Restructures Company to Lead Energy Transition

Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,”

Offshore Wind Power

Iberdrola, Enea Eye 3.3 GW Polish Offshore Wind Tie-Up

Spanish power utility Iberdrola SA (BME:IBE) and Polish sector player Enea SA (WSE:ENA) have signed a letter of intent (LOI) to jointly develop up to 3.3 GW of …

Clean emission

Shell Selects Bureau Veritas to Reduce Emissions from Global Operations

Global energy company Shell has signed a deal with technology and certification services firm Bureau Veritas for the provision of solutions to help the company …

Electric Car

German Government Raises Subsidy Levels for EVs

The German government will raise the level of subsidies for purchases of electric vehicles (EVs) and increase taxes for cars with higher CO2 emissions.