News
2024, May, 22, 07:00:00
OIL PRICE: BRENT ABOVE $82, WTI NEAR $78
Brent were down 60 cents, or 0.7%, to $82.28 a barrel, WTI slipped 64 cents, or 0.8%, to $78.02.
2024, May, 22, 06:55:00
RUSSIAN GAZPROM WITHOUT EUROPE
Gazprom, which holds about 16% of global gas reserves and employs 492,200 people, was once one of Russia's most powerful corporate empires - so powerful it was known as "a state within the state".
2024, May, 22, 06:50:00
EUROPEAN RENEWABLES CUTTING
There is a growing political focus on the need to develop renewables, with countries agreeing at the COP28 climate summit in December to work towards tripling capacity to 11,000GW by 2030.
2024, May, 22, 06:45:00
NORWAY'S NUCLEAR SMR
The company noted that estimates of future energy demand in Norway vary from 50 TWh to 233 TWh.
2024, May, 22, 06:40:00
ENERGY INFRASTRUCTURE CHANGES
Consumer involvement in distribution network operations will be beneficial for both consumers and Distribution Companies (DISCOMs).
2024, May, 22, 06:35:00
U.S. UTILITY GRID UPGRADE $2.5 TLN
There are many reasons the U.S. utility grid requires an estimated $2.5t upgrade by 2035, from crumbling infrastructures to keeping up with the increased demand of electrification efforts, all balanced against increasingly volatile weather events.
2024, May, 17, 07:00:00
OIL PRICE: BRENT ABOVE $83, WTI ABOVE $79
Brent climbed 21 cents, or 0.25%, to $83.48 a barrel, WTI rose 7 cents, or 0.09%, to $79.30 a barrel.
2024, May, 17, 06:55:00
US FOSSIL FUEL FINANCE
the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.
2024, May, 17, 06:50:00
GERMAN INDUSTRIAL PRODUCTION DOWN
Production decreased 0.4% in March, led by drops in consumer and intermediate goods, and energy, the statistics office said Wednesday.
2024, May, 17, 06:45:00
NORWAY NEED OIL & GAS
The annual predefined areas (APA) rounds of exploration acreage are central to Norway's strategy of extending its oil and gas production, a policy fiercely opposed by environmentalists.
2024, May, 17, 06:40:00
AUSTRALIA'S RENEWABLE INVESTMENT $15 BLN
The package will introduce tax incentives worth A$7 billion for the processing and refining of 31 critical minerals and A$6.7 billion for renewable hydrogen production from the fiscal year ending June 2028 to the 2039-40 fiscal year.
2024, May, 17, 06:35:00
MICRO NUCLEAR FOR PHILIPPINES
Meralco and USNC signed a cooperative agreement in November 2023 to study the deployment of one or more micro modular reactor systems in the Philippines.
2024, May, 16, 07:00:00
OIL PRICE: BRENT NEAR $83, WTI NEAR $79
Brent rose 35 cents, or 0.4%, to $83.10 a barrel, WTI gained 40 cents, or 0.5%, to $79.03.
2024, May, 16, 06:55:00
RUSSIAN OIL REVENUE DOWN
The country exported a total of 7.3 million barrels a day last month, down 6.4% from March, the Paris-based agency said in its monthly report published Wednesday. That’s Russia’s lowest oil exports in five months, the IEA estimates show.
2024, May, 16, 06:50:00
INDIA NEED GAS
The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.