Rice

Wind Farm

Enercon, Petrobras Offload 52MW Brazilian Wind Duo

Enercon's Brazilian subsidiary Wobben Windpower and Petrobras have completed sale of two operational wind farms in Brazil totalling 52MW to V2I Transmissao de E…

Crude Oil

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021

U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses

Oil & Gas Trade

China Trade War on Itself Sends LNG Prices Mad

Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…

Oil Price

How Will Biden’s Presidency Impact South America’s Oil Boom?

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive…

Crude Oil

Floating Oil Storage Shrinks Amid Robust Asian Demand

Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…

Crude Oil

IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota

OPEC's second-largest producer had a 3.804 million b/d quota for December under the OPEC+ deal.

Japan

Japan’s Power Prices Hit Record Highs on LNG Shortage

A severe shortage of LNG supplies among Japanese power utilities on the back of an unseasonably cold winter has driven the country's wholesale electricity price…

Carbon Emissions

EU Price on Pollution Hits Record High in Early 2021

The price of permits on the European Union carbon market has soared to record levels in the first trading days of the year, hiking costs for polluters as the EU…

Crude Oil

OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia

After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a solution upon which…

Oil Price

2021 Oil Prices Seen Hovering Around $45 per Barrel in 2021

2021 oil prices seen hovering around $45 per barrel in 2021: Moody's Investors Service.

Biomass Power Plant

UK Biomass-Fired Power Generation Rises in 2020

Biomass-fired generation in the UK and the fuel's share of the country's power mix rose in 2020, despite a fall in power prices and overall grid demand.

Hybrid Power Plant

Adani to Build 600 MW Hybrid Wind-Solar Plant in India

The Indian group secured the project in an auction held by the Solar Energy Corporation of India. The plant will sell power to the Indian grid at a price of INR…

Crude Oil

Oil Prices Touch Multi-Month Highs as OPEC+ Expected to Hold Output

Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pa…

Electricity Trade

Energoatom Accepts Need for Fixed Power Prices

Ukrainian nuclear power plant operator Energatom says it understands the urgent decision taken by the Cabinet of Ministers on 28 December to extend regulations …

Oil & Gas Trade

New Year OPEC+ Meeting to Decide Oil Production Levels

The OPEC+ ministerial meeting comes after oil consumption tanked in 2020 due to the Covid-19 pandemic and a price war between Saudi Arabia and Russia.