ABB has been awarded two major contracts by Plug Power Inc. (PLUG), a leading provider of turnkey solutions for the global green hydrogen economy, to provide the electrical systems for two new hydrogen plants in North […]
Many organizations are calling for a cut in fossil fuel use, actually achieving such an aim is a gargantuan task. “France and all European countries must get out of their dependence on fossil fuels,” Barbara […]
KEY POINTS Three million barrels per day of Russian oil output is at risk as sanctions weigh and buyers shun the nation’s exports, the International Energy Agency said Wednesday. “The prospect of large-scale disruptions to […]
LONDON, March 17 – Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next […]
The green energy push in Europe has these days been overshadowed by events in Ukraine but it has not completely left the spotlight. On the contrary, EU officials have been adamant that the transition must […]
This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]
Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since […]
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the […]
Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]
Global oil markets are reacting to news from Eastern Europe that Russia has retracted troops from the Ukrainian border. However, price relief may be short-lived as bullish factors remain, reckons consultancy Rystad Energy. In a […]
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