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Crude Oil
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…
Oil Price
Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers
Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…
Oil & Gas Trade
US June Oil Exports Rise, Boosted by India, South Korea
US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.
Crude Oil
Shell Could Resume Oil and Gas Exploration in Libya
North Africa’s second-largest oil producer is gradually increasing crude exports after a blockade last year cost it $11bn in lost fiscal revenue
Solar Cell
Invenergy Boosts Battery Energy Storage Component in Wisconsin Solar Project
The Paris Solar Energy Center was approved by regulators, but the developer is now asking to increase the storage total to 110 MW.
Nuclear Power Plant
First Concrete Poured for Xudabao 3
The unit is one of four VVER-1200 reactors to be supplied by Russia to China under a 2018 agreement.
Nuclear Power Plant
India to Build Nuclear Plants to Increase Generation Capacity
The planned new reactors will help India increase its nuclear power generation to 22,480MW by 2031.
Crude Oil
Energy Import Bill up 131 pct in June 2021
Turkey's energy import bill increased by 131 percent to $3.63 billion in June this year compared to the same month last year.
Oil Price
Saudi Arabia's Oil Exports Climb 147 per cent to $16 billion in May
The value of Saudi Arabia's oil exports in May increased 147 per cent to just over 60 billion riyals from a year earlier while non-oil exports rose by 70 per ce…
Market Analysis
China’s Offshore Wind Power Add 2.15 million kilowatts of Grid-Connected Capacity in H1 2021
China’s offshore wind power added 2.15 million kilowatts of grid-connected capacity, a year-on-year increase of 102.0%.
Energy Storage Battery
China's June Lithium Hydroxide Exports Push Higher
China's lithium hydroxide exports increased to a six-month high in June, driven by the rapid development of high-nickel ternary lithium-ion batteries in South K…
Italy
Prysmian Energy Earnings Rise 12% in H1 2021
Growth attributed to volume increases and cost efficiency measures
Hydropower Plant
RWE Couples Batteries with Hydropower in Innovative Facility
RWE has announced details of an innovative battery storage system in Germany that will virtually couple batteries with its run-of-river power stations along the…
Nuclear Reactor
Tokyo Powers up for the Olympics
The Japan 2020 Olympic Games kicked off and although the occasion is a joyous one, it’s marked by seasonally hotter temperatures coupled with an unforeseen inc…
Crude Oil
Pakistan: Crude Oil Imports Surge 317pc in May
Imports of crude oil increased by a whopping 317 per cent in May which translated into higher than expected production of petroleum products by local refineries…
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