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EV Market
How Raw Material Cost Increases are Challenging Electric Vehicle Production
Electric vehicles have been widely touted as the future of low-carbon transportation. However, like any technology, the price of electric vehicles is dependent …
Solar Power Panel
Germany Launches Tender for 1.95 GW of Solar PV Capacity
The German Federal Network Agency (Bundesnetzagentur) has launched a new tender, which seeks to add 1.95 GW of solar PV capacity across Germany. The deadline fo…
Africa Energy
Cameroon Plans to Halve Fuel Subsidies
The Cameroonian government plans to halve fuel subsidies in 2023. Indeed, the authorities are expected to allocate for the subsidies in 2023 only half of the XA…
Oil Price
Oil Prices Retreat in Thin Trade, but China Outlook Offers Support
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer/File P…
Crude Oil
Russian Seaborne Crude Exports Rebound to Two-Month High in January, Report Says
A ship in the Baltic Sea on the natural gas pipeline Nord Stream 2 from Russia to Germany. An EU and G7 price cap on Russian oil has aimed to reduce Moscow&rsqu…
World Energy Outlook
Ørsted expects EBITDA excluding new partnership agreements of DKK 21.1 billion for 2022
Ørsted presents operating profit (EBITDA) for 2022 based on preliminary and unaudited reporting.It has been a year with unusual market conditions, not le…
Electricity Transmission
Winter 2023-24 price cap forecasts fall further below EPG, but long-term prospects remain uncertain
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have falle…
Coal Trade
Australia’s Nsw Plans 10PC Coal Reservation Policy
Australia's New South Wales (NSW) state government will require coal producers to reserve up to 10pc of their output for domestic use, including export-focu…
Oil & Gas Trade
Global Oil Demand Will Surge to Record This Year as China Reopens, Iea Says
A drilling platform at Norway's giant offshore Johan Sverdrup field.Global oil demand will surge to a record this year following the end of coronavirus rest…
Nuclear Equipment
French Nuclear Fleet Failure, Drought and War to Blame for Record Power Prices in 2022
Last year Europe saw very high levels of wholesale power prices, driven by gas prices that repeatedly broke all-time high records since the start of the Ukraine…
Oil & Gas Trade
Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization
KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…
Carbon capture
John Kerry Says ‘Money, Money, Money’ Is Needed Most to Tackle Climate Change
John Kerry photographed at the World Economic Forum in Davos, Switzerland, on January 17, 2023.Fabrice Coffrini | AFP | Getty ImagesThe world will eventually mo…
Electricity Trade
Drop in Power Price Predictions up to 2030 but Prices to Remain Above Pre-2021 Levels for Next Decade
New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies, compensating for r…
Oil Price
Oil Prices Expected to Average Around $90 in 2023-2027
LONDON: Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to eighth annual survey of energy market profess…
Oil Price
Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says
US energy envoy Amos Hochstein says the country will continue to use its strategic reserves to help resolve crises. Antonie Robertson / The NationalThe US relea…
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