Oil prices sank by around 4% on Monday on concerns that record Iraqi crude exports and rising U.S. production would undermine OPEC's efforts to lessen global oversupply. In Iraq, OPEC's second major producer, oil exports from the southern Basra ports hit a record high of 3.51 million barrels per day (bpd) in December, according to the oil ministry.
read more... 10/01/2017
The United States has been a net energy importer since the 1950s, but the latest report from the EIA suggests that’s about to change.
read more... 10/01/2017
According to consultancy services provider, Bridge to India, India starts this 2017 with a pipeline of around 14 GW of utility-scale solar PV projects, with 7.7 GW of which is expected to be commissioned in the year, meaning a growth of around 90% if compared to 2016.
read more... 09/01/2017
Last year, UK produced more electricity from wind farms than from coal-fired power plants for the first time ever.
read more... 09/01/2017
Maersk Oil, a subsidiary of Danish shipping and oil company A.P. Moller-Maersk, confirmed last week that it intends to stop production at its Tyra gas field by October 2018, as it would no longer be economically viable.
read more... 09/01/2017