Mps

Oil Price

Oil Jumps as EU Weighs Russian Embargo

Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w…

Oil Price

Oil Jumps as Russia-Ukraine Talks Stall

Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the …

EU

EU Can Tap Geothermal Potential to Cut Russian Gas - EGEC

EGEC has calculated that the EU can reduce its use of Russian gas by 3 billion cubic metres (bcm) this year with the help of geothermal district heating and coo…

Coal Production

China's Jan-Feb Coal Output Jumps 10.3% for Winter Heating

China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heatin…

United Kingdom

UK Steel Firms Suspend Imports of Russian Coal

Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday.The decision follows sustained pressure from…

Oil Price

Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs

Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…

Hybridizing PV, Redox Flow Batteries and Geothermal Heat Pumps

A Spanish consortium is equipping one of Madrid’s largest metro and bus stations with a hybrid system that combines PV, geothermal pumps, and vanadium redox fl…

Natural Gas

Average Gas Price in New Hampshire Above $4 per Gallon

Granite Staters are now paying an average of more than $4 a gallon for gas for the first time in more than a decade.

Natural Gas

Brazil 2021 Gas Demand up 29pc as Thermal Jumps

Brazil's domestic natural gas consumption rose last year by 29pc, boosted by the expansion of thermal power generation, according to data from Brazilian gas dis…

Wind Farm

Legislation Would Bring Standardized Regulation to Wind Farms

Thompson, (R-Shawnee), introduced Senate Bill 353 – similar to last session’s SB279 – which would impose statewide regulations on new wind developments.

Offshore Wind Power

India Ramps Up Renewable Energy Development

As the world focuses on Europe as the big green energy giant, India has been steadily building its renewable energy capacity.

SMR

Report Claims ‘Serious Problems’ with Proposed NuScale SMR

The analysis, released by the institute February 17, primarily focuses on the SMR project the Oregon-based company is building for Utah Associated Municipal Pow…

Oil Price

China Petrol Shares Positive Start to Year of the Tiger

Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.

LNG

SSY: LNG Supply and Demand Maintain Volatile Market

Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.

Market Analysis

Japan’s Power Demand Forecast to Fall Towards 2031-32

Japan's electricity demand is forecast to fall towards the April 2031-March 2032 fiscal year, following a steady recovery over 2021-24 from Covid-19-induced slu…