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EV Market

Higher Petrol Prices Hurt, but Cutting Fuel Excise will Slow Transition to Electric

Australian petrol prices are rising as Russia’s invasion of Ukraine pushes up global oil prices. It’s likely motorists will be paying more than $2.15 a litre …

Coal Mine

Water Sampling Unlocks UK’s Geothermal Energy

Using the UK’s abandoned coal mines as a source of geothermal energy for district heating schemes is a positive development for the nation’s net zero goals.

Electric Car

Ford to Ramp up EV Offering in Europe, Plans Major Battery Facility in Turkey

Ford Europe’s chair, Stuart Rowley, says “electrification represents the most transformative change in our industry in over 100 years.”

Russian Federation

Norway's Equinor Confirms Trading Halt in Russian Oil

Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of …

Crude Oil

Japan to Call on Middle East Oil Producers to Raise Output

Japan will ask oil producing countries in the Middle East to ramp up production in the face of surging prices triggered by Russia’s invasion of Ukraine, Prime …

OPEC

Russia-Ukraine War: Develop Gas Infrastructure to Increase Export to Europe

The Lagos Chamber of Commerce and Industry (LCCI) has asked the federal government to improve Nigeria’s gas infrastructure.

Oil Price

Oil Expected to Stay Above $100 Amid Russia-Ukraine Crisis and Demand Push

The upside will remain limited above the $130 per barrel mark, while the $100 per barrel will be an important support to watch.

Australia

Australian Billionaires Put More Money into $15 Bln Solar Power Export Project

Australia’s two richest men joined a A$210 million ($152 million) capital raising for an ambitious project to supply Singapore with solar power via an undersea…

Oil&Gas Drilling

Shale Drilling Climbs Most in Month as Biden Calls for More Oil

Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a b…

Crude Oil

Crude Prices Fall as Optimism Grows on Russia-Ukraine Peace Talk

Crude oil futures were lower in Asian trading March 14 as Russia-Ukraine peace talks continue even as attacks increase in western Ukraine near Poland.

CCS

What to Do with Captured CO2?

Mitsubishi joins growing movement to ship carbon dioxide from emission sites to storage.

Oil Price

Oil Declines as Iran, Russia and Fed Jostle for Limelight

Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompt…

Crude Oil

Can OPEC Help Manage the Ongoing Crude Price Rally with Its Spare Capacity?

The group needs to reassure consumers as to how much spare capacity it holds and that it is ready to use it in an emergency.

Oil & Gas Trade

Iran Says US Has Failed to Stop Oil Exports

Iran said on Last Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.

Carbon Pricing

Green Hydrogen Needs Industrial Policy Making and Certification

With its ability to decarbonise hard-to-abate sectors like chemicals and steelmaking industries, green hydrogen is expected to be in high demand as countries ar…