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Oil Price
Sinopec Keeps Refinery Operations 'Fairly High' to Ensure Fuel Supply
China's Sinopec is running its refineries at "fairly high" operational rates, the firm said, seeking to ensure steady fuel supply in the country amid tight glob…
Oil Price
Price Hikes Won't Hit Petrol Demand
The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise pri…
Coal Mine
Coal India Receives 100% Booking in its First Single-Window E-Auction
Coal India’s (CIL) on Wednesday said its first-ever offer of nearly 5.2 Lakh Tonnes (LTs) of coal under the recently revamped single-window e-auction received …
EV Market
Secondhand Tesla Prices are Shooting up as Petrol Prices and New Car Wait Times Blow out
With the price of petrol set to soar due to looming gas and oil shortages caused by Russia’s invasion of Ukraine and subsequent sanctions, observers are noting…
Offshore Wind Power
RWE and National Grid Consolidate Partnership, Announce Community Offshore Wind as Name of Joint Venture
Following the success of their joint bid in the New York Bight offshore lease auction last month, RWE Renewables and National Grid have announced the name of th…
Wind Turbine
Danish Wind Turbine Giant Vestas to Suspend Work on Four Projects in Russia
Danish wind turbine manufacturing giant Vestas will suspend work on four Russian wind projects in response to Russia’s invasion of Ukraine. Vestas will also su…
Electric Car
Gas Prices Are Spiking — Don’t Expect Sales of Electric Vehicles to Follow
Consumers hoping to switch to an all-electric or more fuel-efficient vehicle, while Russia’s invasion of Ukraine pushes gas prices to record highs, will largel…
LNG
Germany to Build Its Own LNG Terminal
European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions …
Crude Oil
Africa: Nigeria to Maintain Top Positions As Africa's Biggest Oil Producer, Production to Peak in 2023 - Report
Nigeria will retain its number one position as Africa's biggest oil producer as well as maintain the top three gas suppliers on the continent between 2022 and 2…
Crude Oil
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Hydrogen Project
Asia Is Amongst ‘Most Attractive’ Region for Green Hydrogen Development
Asia, along with Europe, is amongst the most attractive region in terms of developing green hydrogen, Fitch Solutions reported.
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…
Hydrogen Technology
8 Rivers Receives $100m Investment from SK to Deploy Clean Hydrogen Technologies in Asia-Pacific
A new partnership will see 8 Rivers and SK Group combine their knowledge to deploy clean hydrogen and zero-emissions power projects across major areas within As…
Hydrogen Project
World's Largest Green H2 Hub, Hydrogen City, to Open in Texas in 2026
Hydrogen City will eventually harness 60 gigawatts of solar and wind energy, and use it to produce over 2.5 billion kilograms (2.4 million tons) of green hydrog…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
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