Enough money has been invested into long-duration energy storage (LDES) technologies and projects over the past three years to result in 57GW of deployments. That’s according to Wood Mackenzie Power & Renewables, which added up […]
A shortage of wood, appointments with chimney sweeps are hard to come by and IKEA selling heat exchangers. Energy security is a red-hot issue due to the electricity crisis in Europe. Environmental action programmes and […]
Realising the importance of natural gas in energy transition, Govt. of India has laid an ambitious vision to make India a gas-based economy by enhancing the share of natural gas in energy basket to 15 […]
By Josh Owens of OilPrice.com As temperatures in the UK plummet, National Grid, the transmission system operator, asked two contingency coal-fired power plants to be ready to send more electricity to the grid on Monday […]
Authored by Tsvetana Paraskova via OilPrice.com, Sanctions on key oil exporters have given rise to a lucrative black market for crude. The EU embargo on Russian crude oil imports and the price cap on Russian […]
Ukraine is bracing for more emergency blackouts amid bitterly cold conditions, following a series of Russian attacks on energy facilities. Since October 10, seven waves of attacks have killed civilians and destroyed or damaged houses, […]
LONDON, Dec 13 (Reuters) – Oil pared gains after rising by over $1 earlier in the session, as declining optimism over a Chinese oil demand recovery capped support from supply disruptions. Brent crude futures were […]
A couple of months ago, U.S. President Joe Biden urged energy companies to stop ‘war profiteering’ and even threatened to slap them with windfall tax if they failed to invest their profits in lowering costs for Americans […]
Europe’s cold blast is due to a weak, polar vortex split in the stratosphere, which allowed high pressure to build across Greenland last week. As a result, Arctic air poured over the energy-stricken continent, sending […]
Supertanker rates reached record levels earlier this year. Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago. OPEC+ cuts and waning SPR releases are […]
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