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Crude Oil
Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts Start
The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins on Friday the co…
Market Analysis
Siemens Gamesa Acquires Senvion’s Ria Blades Factory in Portugal
Wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) has acquired all the shares in Senvion’s Ria Blades factory.
Market Analysis
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The International Energy Agency (IEA) has released a report into the impacts of Covid-19 on global energy demand and carbon dioxide emissions, revealing that …
Energy Storage Material
China's Export of Rare Earth up 19.2 Pct in March
China's export of rare earth increased by 19.2 percent year on year to reach 5,551 tonnes in March, according to data from the General Administration of Customs…
Crude Oil
U.S. Oil Companies Begin Sending Crude To Strategic Petroleum Reserve
U.S. oil companies have started sending oil to the Strategic Petroleum Reserve, Bloomberg reports, citing a Department of Energy official.
Oil Price
Canada’s Oil Firms Set To Curtail Output By At Least 1 Million Bpd
Companies in Canada have already reacted to the oil price plunge, but analysts and investors will be looking for further clues in the earnings reports about how…
Hydrogen Fuel Cell Vehicle
China Develops its First Hydrogen Powered Tram for Passenger Transport
In a move to shrink greenhouse gas emissions, the country has developed and built the H2 vehicles.
Pumped Storage
New DOE Report on Environmental Effects of Pumped Storage Hydropower
The U.S. Department of Energy has released a new report as part of its HydroWIRES initiative: A Comparison of the Environmental Effects of Open-Loop and Closed-…
Oil & Gas Trade
China Set to Issue First-Ever Export QQuotas for VLSFO of 10 mln T for 2020
China is set to release its first-ever quotas to export very low sulphur fuel oil with total volumes of 10 million tonnes for this year.
Energy Storage Battery
KIST Develops High-Performance Ceramic Fuel Cell that Operates
Thin-film catalyst incorporation enables high-performance over butane fuel at 600°C or below. The technology considerably widens the application range of ceram…
Hydrogen Fuel Cell
Why Hydrogen Fuel Cells are the Future of Sustainable Transport
Fuel cell technology has been in development since the late 1800s and hydrogen fuel cells have been around since the early 1930s. However, they have never been …
Researchers Make Key Advance Toward Production of Important Biofuel
An international research collaboration has taken an important step toward the commercially viable manufacture of biobutanol, an alcohol whose strong potential …
Ireland’s Iirst Renewables Auction
Clean energy developers have three days left to pre-qualify for the first procurement exercise staged by the Irish Renewable Electricity Support Scheme. Solar w…
LNG
US $2.8bn Export LNG Carriers to be Constructed in China
CSSC Chairman Lei Fanpei, Saad Sherida AI-Kaabi, president and CEO of Qatar Petroleum and the Minister of State for Energy Affairs signed the contract online on…
Oil Price
OPEC Sees Oil Rising To $40 In Second Half Of 2020
In China, which was hit first by the coronavirus, and which exited the lockdown first, the return to normalization in the transportation sector “is driving up …
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