Rice

Crude Oil

Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says

The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets

Solar Power Plant

Tesla's Solar Energy Business is Bouncing Back

Tesla’s aggressive price cuts in its solar energy business showed signs of paying off during the fourth quarter.

Crude Oil

Make in India Boost, Oil Cess may be Halved

The government may give a 'Make in India' push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage…

Oil & Gas Trade

IMF Sees Oil Prices Averaging $50 In 2021

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019

Oil Price

Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices

All forms of energy needed' to meet 45% rise in energy demand by 2045.

Crude Oil

U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline

Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their tot…

Thermal Coal

South Korean Coal Prices Ease on Milder Outlook

Thermal coal prices for South Korea fell this week, with milder weather expected next month.

Oil Price

Price Dispute Shrinks Russia Oil Pipeline Exports

Exports of Russian Urals oil via the Druzhba pipeline have dropped this month as sellers opt for the sea route instead, following disagreements over pricing wit…

Natural Gas

US Gas-Fired Power Generation Set For First Drop Since 2017

Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017.

Offshore Wind Power

Rovco Signs Subsea Contract for Scottish Wind Farm

Rovco, a leading provider of ROV and hydrographic services, combining innovative robotic platforms and cutting-edge technology, signs contract to perform subsea…

Crude Oil

Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery

The US supply forecast was revised up as oil prices trade higher, according to Opec

Crude Oil

OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021

Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday

Coal Trade

German Coal Moves Ahead of Gas for February

A spike in German NCG gas prices in recent sessions has depressed clean spark spreads for February, pushing more coal ahead of gas in the merit order.

Oil Price

Hike in Petrol, Diesel Rates after Global Oil Price Jump

Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…

Market Analysis

Cold Weather and New Regulations Spark Record Power Prices in the British Isles

Electricity market analyst EnAppSys has published a new study that reveals a week of tight margins and system warnings led to extreme power prices in the Britis…