Russia’s crude oil export in January-July 2020 was down 4.2% year-on-year to 143.2 mn tons. In terms of value, crude oil export decreased by 36.6% year-on-year making $43.9 bn.

The cost of producing gas in the newly discovered Black Sea gas field will be more affordable than current gas imports, Turkey's Energy and Natural Resources Minister Fatih Donmez said Wednesday.

Key risks for the renewables sector are reductions in direct subsidies and tax credits as observed in China, Europe, and the US, permitting barriers and a cloudier outlook for long-term electricity prices.

Several oil majors are charting a faster shift to cleaner energy.

These goals are appropriately ambitious, while also realistic and achievable. Climate change mitigation is not a luxury but a necessity if we want to avoid a climate crisis.

“Radiant is developing the first power generation system that can go anywhere,” company co-founder Doug Bernauer told

Brent dropped 34 cents, or 0.8%, to $41.43 a barrel, WTI fell 37 cents, or 0.9%, to $39.56 a barrel.

«Россия остается сторонником международных усилий по противодействию изменению климата, охране окружающей среды и рациональному природопользованию, обеспечению всеобщего доступа к энергии и развитию чистых технологий. У нас один из наиболее диверсифицированных энергетических балансов в мире. У нас присутствуют практически все виды производства энергии. Доля газа составляет порядка 46%, атомной энергии - около 19%, угля и гидроэнергетики - по 18%», - подчеркнул Александр Новак.

UAE strategy targets an energy mix of 44% renewables, 38% gas, 12% clean coal, and 6% nuclear.

The OPEC+ agreement, along with declines in production elsewhere, including the United States, brought global supply lower than the level of global demand for the first time since mid-2019.