Oil prices hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its …
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US Wind Output Hits New Heights in December
EIA estimates that wind accounted for 9% of US electricity generation in 2020. US wind-powered electricity generation set a new daily and hourly record in December. A new report by …
Read More »OPEC+ Is Facing a ‘Very Delicate, Fragile Balancing Act’ in The Oil Market
OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group …
Read More »China Oil Imports Surge 25% in July from a Year Ago on Buying Binge
China’s crude imports in July surged 25% from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June …
Read More »India’s Reliance Industries Overtakes Exxon in Energy Firm Rankings
Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and …
Read More »Germany’s Energy-Efficient Renovation Support Programmes in High Demand Also Amid Pandemic
The demand for energy-efficient building renovation programmes offered by Germany’s government in the context of its Climate Action Programme 2030 remains high in the second quarter of 2020, even as …
Read More »Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
The Interstate Oil and Gas Compact Commission (IOGCC) this week passed Railroad Commission Chairman Wayne Christian’s (R – Texas) resolution urging the federal government to investigate excessive dumping of crude …
Read More »‘Potential to Implement Paris Agreement’ – German Reactions to Climate Aspects of EU Deal
After four days of negotiations, the EU member states have agreed on an unprecedented funding package to cushion the effects of the coronavirus pandemic and secure the bloc’s budget until …
Read More »A Post-COVID Agenda for a ‘Zombie-Free’ Recovery of Africa’s Power Markets
COVID-19 and the global recession are a gut-punch to Africa’s battle against energy poverty. Even before the pandemic, 548 million people on the continent were still living without any electricity, …
Read More »Amazon’s Climate Pledge Arena Set to Change The Game Rules on Green Stadium Design
Jeff Bezos has committed to making Amazon net-zero carbon by 2040, and plans for a Seattle arena are part of reaching that emissions goal and will be the first net-zero …
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