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Oil Price

OPEC+ Faces Reckoning on Russia Despite Efforts to Ignore Crisis

OPEC+ is doing its best to ignore the war started by one of its leading members, but it may not be able to manage it for much longer.

Crude Oil

Saudi Arabia May Raise April Crude Prices to Asia to All-Time Highs

Top oil exporter Saudi Arabia may sharply hike prices of crude for Asia in April.

Coal Trade

SWIFT Ban Hits Russian Coal Exports to China

Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sa…

Electric Car

GM Sells Its Stake in Embattled EV Start-Up Lordstown Motors

General Motors sold its stake in Lordstown Motors during the fourth quarter following an undisclosed lock-up period, the Detroit automaker confirmed Tuesday.

First Solar Shares Sink After Revenue Miss, Disappointing Guidance

​Shares of First Solar dropped more than 16% during extended trading Tuesday after the company reported missing revenue expectations during the fourth quarter …

Oil Price

India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices

India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…

Oil & Gas Trade

Vietnam: 25%Fuel Shortage To Be imported

the Vietnam Oil and Gas Group to give detailed notice of the supply situation as soon as possible so that petroleum companies can proactively plan to import to …

Electric Car

India: Central Government Replacing Fuel Vehicles With EV's

Since the Electric Vehicle Policy in August 2020 was implemented, various departments and autonomous bodies of the Delhi government have started replacing old p…

Oil & Gas Supply

Could Russia’s Invasion Of Ukraine Spark Another Arab Spring?

Russia and Ukraine are major exporters of food and agricultural products, and if these products are disrupted then there could be significant unrest in the MENA…

Nuclear Power Plant

Chinese Nuclear Steam Supply Project Launched

A project has started at the Tianwan nuclear power plant in China's Jiangsu province to supply steam to a nearby petrochemical plant

Electric Car

Tesla Said To Plan Second Factory In Shanghai To Meet Rising Demand

Tesla reportedly plans to build a second factory in Shanghai as it seeks to more than double production capacity in China.

Energy Transition

The Energy Transition Is Just Getting Started

2021 saw continued positive momentum for the energy transition, with policy commitments and investments made to accelerate the decarbonization of the global ene…

Hydrogen Production

What will the UK’s 1GW Hydrogen Hub Look like?

Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, last month (January 2022) said it will develop what it believes to be the UK’s la…

Coal Production

China Starts Building 33 GW of Coal Power in 2021, Most Since 2016

China started building 33 gigawatts of new coal-fired power generation capacity last year, the most since 2016, research published on Thursday showed, a sign th…

Carbon Emissions

Energy Sector Methane Emissions 70% Higher than Official Figures -IEA

Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IE…