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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…

Crude Oil

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources

Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…

Nuclear Power Plant

Philippines Approves Revival of Nuclear Power to Help Replace Coal

Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country’s energy mix, as authorities prepare for the phasing…

Europe Looks for Alternatives to Russian Energy

As fighting raged across Ukraine over the weekend, western countries moved quickly to disrupt Russia’s links to the global economy.

Nuclear Power Plant

China Voices Concerns for Safety of Ukraine's Nuclear Facilities

China's Permanent Representative to the United Nations in Vienna Wang Qun on Wednesday expressed concern for the safety of nuclear facilities in Ukraine amid th…

Oil & Gas Supply

Sanctions on Russian Energy ‘on the Table,’ White House Says

The United States is “very open” to imposing sanctions on Russia’s oil and gas industry, White House spokeswoman Jen Psaki said on Wednesday, adding that it …

Wave Energy

Scottish Wave Energy Firm Lands £730,000 Funding

A wave power company has secured a major new investment to speed up the commercial rollout of its technology.

Firm, Siemens Energy Seal Power Deal

Information Communication Technology (ICT) company, 21st Century Technologies Limited has struck a new deal with Germany-based energy company, Siemens Energy to…