News
2024, February, 20, 06:50:00
RUSSIAN ENERGY SANCTIONS 2024
The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine
2024, February, 20, 06:45:00
INDIA NEED GAS
India's natural gas consumption in 2024 will likely grow 5%-6% corresponding to an estimated economic growth of 6%-7%,
2024, February, 20, 06:40:00
GLOBAL HYDROGEN ENERGY
But geologists now believe hydrogen is generated in large quantities when certain iron-rich minerals react with water, Alexis Templeton of the University of Colorado, Boulder, told the AAAS conference.
2024, February, 20, 06:35:00
GLOBAL LNG DEMAND WILL UP
Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel.
2024, February, 20, 06:30:00
EUROPE NEED SMR NUCLEAR
"Compared to the larger, conventional nuclear power plants, SMRs have several advantages — such as shorter construction time schedules, enhanced safety features and a sounder appeal to private investors thanks to their lower initial costs and shorter development timelines," the commission added.
2024, February, 16, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $78
Brent were down 9 cents, or 0.1%, to $82.77 a barrel, WTI rose 4 cent to $78.07 a barrel.
2024, February, 16, 06:55:00
GLOBAL OIL DEMAND 2024: +2.2 MBD
The global oil demand growth forecast for 2024 remains unchanged from last month’s assessment at 2.2 mb/d.
2024, February, 16, 06:45:00
RUSSIAN RESERVES DOWN
"Oil prices at $80 is extremely comfortable for Russia," she said. "Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above."
2024, February, 16, 06:40:00
GLOBAL CLEAN NUCLEAR POWER
"Those countries that opt to use nuclear energy or support its use recognise its potential as a clean energy source that can reduce dependence on fossil fuels, to address the climate crisis and improve global energy security," a ministerial communiqué released at the end of the event said.
2024, February, 16, 06:30:00
GERMANY'S ECONOMY DOWN
The European Commission on Thursday said Germany will be the biggest drag on euro zone growth this year and next, with growth of only 0.3% in 2024 rather than 0.8% expected in November and 1.2% in 2025, after a 0.3% recession last year.
2024, February, 16, 06:25:00
EUROPEAN HYDROGEN AID $7.4 BLN
The aid provided by seven countries is expected to unlock an additional 5.4 billion euros in private investments, with 32 companies participating in 33 projects, the commission said.
2024, February, 16, 06:20:00
DEMAND FOR RENEWABLES UP
Demand for renewable energy resources has never been more robust, and billions of dollars in federal funding are now available to support projects designed to meet the demand. Projects that qualify for funding are designed to harness energy from water, wind or solar sources. Some technology projects are also eligible.
2024, February, 16, 06:15:00
U.S., BULGARIA NUCLEAR COOPERATION
In addition to creating a working group to support plans to design, construct and commission the new units at Kozloduy, the two countries will also "explore collaboration on research and training programmes and developing Bulgaria's nuclear supply chain resilience".
2024, February, 13, 07:00:00
OIL PRICE: BRENT NEAR $82, WTI NEAR $77
Brent edged 1 cent lower $81.99 a barrel, WTI rose 1 cent to $76.93 a barrel.
2024, February, 13, 06:55:00
INDIA NEED OIL DISCOUNT
India has remained neutral in the West’s standoff with Russia following the invasion of Ukraine, seeing it as an opportunity to buy discounted Russian barrels.