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Venezuela's New Gasoline System Fails to End Epic Lines
Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend.
Energy Technology
Electric Vehicles Boom will Push Nickel Sulphate Supply to Peak in 2027
With the demand from the electric vehicle sector continuing to accelerate, Nickel Sulphate production is expected to rise from 211 kilo-tonnes in 2019 to its pe…
Hydropower Plant
Uzbekistan Issues Tender for 23 MW Hydropower Capacity
JSC Uzbekhydroenergo, Uzbekistan's state hydropower producer and developer, has announced a tender for the design and construction of the 6 MW Rabat, 8 MW Chapp…
Market Analysis
Long-Term Forecasts Predict China's Move Toward Decarbonisation
A scientific paper has forecast China’s long-term energy future, showing how the economic giant would change in different scenarios.
Solar Company
Valmont Acquires Undisclosed Stake in Energia Solar do Brasil
Global manufacturing company Valmont Industries has acquired a significant stake in Brazil-based Energia Solar do Brasil.
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.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
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.
Coal Production
Coal India Output Falls 11 pc to 41 MT in May
State-owned Coal India Ltd reported 11.2 per cent decline in production at 41.43 million tonne in May.
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.
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