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Nuclear Power Plant

Philippines Relaunches Nuclear Energy Programme

President Rodrigo Duterte has signed an executive order that outlines the government's position for the inclusion of nuclear energy in the Philippines' energy m…

Offshore Wind Power

NYC to Turn Brooklyn Port into a Hub for Offshore Wind Farm Construction

Equinor, a wind-developer company, partnering with the city said it will invest between $200 million and $250 million in infrastructure upgrades to retrofit the…

LNG

Japan’s Niihama LNG Terminal Starts Operations

Japanese joint venture Niihama LNG has launched terminal operations, starting with an LNG delivery to Japanese firm Sumitomo Chemical for use as a feedstock and…

Crude Oil

Clean Energy Broke Records in 2021 but Still Can’t Catch up with Oil and Gas

The US is way off track from meeting clean energy goals.

Crude Oil

Russia’s Oil Exports Are Plunging Even Without Sanctions

While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are …

Natural Gas

Brazil 2021 Gas Demand up 29pc as Thermal Jumps

Brazil's domestic natural gas consumption rose last year by 29pc, boosted by the expansion of thermal power generation, according to data from Brazilian gas dis…

United Kingdom

Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year

Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall I…

Coal Production

Coal India Arm NCL Set to Cross 119 mt Production Target for FY'22

The miner had on Tuesday produced 5.67 lakh tonne of the dry fuel, the highest single-day count since its inception, and the total output in the 2021-22 financi…

United Kingdom

Energy Costs Extremely Volatile After Russia Invades Ukraine

Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb t…

Crude Oil

U.S. Crude Oil Production Unchanged Last Week: EIA

U.S. crude oil production averaged 11.6 million barrels per day (b/d) during the week ending Feb. 25, unchanged from the previous week, U.S. Energy Information …

EV Market

EV Sales Jump Again as Petrol Prices and Supply Chains Take Toll on Fossil Car Market

Electric vehicle sales more than doubled in February, compared to last year, in yet another encouraging result for the market in the light of a supply crunch, d…

Electric Car

Hyundai to Introduce Another 17 Fully Electric Vehicle Models by 2030

South Korean automaker Hyundai has this week accelerated its electrification strategy with aims to introduce 17 new battery electric vehicle (BEV) models by 203…

Oil Price

Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap

OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …

Crude Oil

Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low

Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes …

Oil & Gas Supply

U.S. Crude, Fuel Stocks Dwindle as Buyers Grab from StorageX

U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer pric…