Rice

Natural Gas

Egypt to Announce New Energy Strategy in Coming Weeks

Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030

Electric Car

VW Joins E-car Price War as Global Rivalry Heats Up

German giant Volkswagen is set to follow Tesla's lead with a high-profile price drop as the battle for global dominance in the electric car segment intensif…

Oil Price

Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices

Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…

Oil Price

Biden Sets Sights on Scrapping Oil and Gas Subsidies

The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document…

Natural Gas

Ceraweek: Collapse in Us Natural Gas Prices Dents Market for Shale Deals

(Reuters) — This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to bu…

Solar Power Plant

Price Rises in European Electricity Markets at the Beginning of March

In the first week of March, prices of most European electricity markets rose compared to the previous week, influenced by the increase in demand caused by the d…

Natural Gas

PG&E Customers’ March Natural Gas Bills Expected to Decrease on Average 75%

After three months of higher-than-normal natural gas market prices driving up energy bills, Pacific Gas and Electric Company (PG&E) customers can expect, on ave…

Electric Car

China’s Electric Vehicle and Climate Ambitions Jeopardized by Surging Critical Material Prices

The adoption of electric vehicles (EVs) on a large scale is crucial for meeting the desired climate commitments, where affordability plays a vital role. However…

Geothermal Power Plant

Danish Parliament adopts new rules to support geothermal

The Danish Parliament has set new rules for the price regulation of geothermal energy, paving the way for large-scale geothermal heating projects.

Energy Storage Battery

NIO Builds Battery Factory, Catl Reacts, Lithium Prices Implode

Last week, CATL, the world’s largest battery maker, did something totally unexpected. It offered several customers an opportunity to lock in battery suppl…

Oil & Gas Trade

Oil Stays Firm on China Growth Hopes

Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat…

Hydrogen Project

Texas Could Become a Hydrogen Fuel Economy Leader, Says Rice U Report

Rice University’s Baker Institute for Public Policy indicates that clean energy could be the state’s future.The same energy and geology that has mad…

Oil & Gas Trade

Cornwall Insight Responds to the Announcement of the April Price Cap

Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall t…

Oil & Gas Trade

European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says

The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank

Oil Price

Oil Edges up on Hope of China Demand Revival

Oil prices edged up, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and d…