Rice

EU

Soaring Solar Raw Materials Prices Could Thwart REPowerEU Plans

The REPowerEU initiative has the potential to add at least 420 gigawatts (GW) of solar installations by 2030; however, rising solar raw material costs could bec…

Oil Price

U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring

​Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of phy…

Oil Price

UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge

Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for househol…

Crude Oil

Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says

India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term

United Kingdom

UK Energy Price Cap Expected to Rise by 42% In October

Billpayers in the UK have seen the energy tariffs rise faster than ever before.

Crude Oil

Biden Administration Says It Has Not Ruled Out Export Curbs to Ease Fuel Prices

U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesd…

Wind Turbine

Wind Turbine Suppliers See Record Year for Deliveries Despite Supply Chain and Market Pressures

30 wind turbine manufacturers installed 104.7 GW of new wind power capacity in 2021 despite continuing disruptions caused by the COVID-19 pandemic and increasin…

LNG

Natural Gas Prices Under Pressure From Soaring U.S. Demand

U.S. natural-gas prices have hit their highest level in 14 years as North American producers scramble to replenish supplies with demand soaring and storage leve…

OPEC

Five Major Challenges Facing the Energy Industry

Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head…

Oil Price

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN

Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.

Coal Price

It’s Now Cheaper to Switch From Coal to Renewables Instead of Coal to Gas, Report Shows

According to the findings of climate analytics firm TransitionZero, it is now cheaper to switch from coal to clean energy, compared to switching from coal to ga…

Natural Gas

Surging Natural Gas Prices Squeeze U.S. Industrial Sector

Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United S…

Coal Price

Asian Markets May ‘Ramp up’ Coal as Gas Prices Rise: Report

Coal will continue to dominate the region’s power mix through 2027.

Oil Price

Oil Prices Drop on Profit-Taking, Supply Fears Linger

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…

Natural Gas

Spain and Portugal Target Price Cap for Natural Gas to Combat Skyrocketing Inflation

Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal stepping into their domestic energy markets to cu…