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Russia to remain dominant gas supplier for Europe to 2040
Russia is set to remain the dominant gas supplier to Europe up to 2040, according to the latest long-term European gas outlook from S&P Global Platts Analytics.
read more... 01/04/2021
G20 flexibility needs assessed at 3,500 GW for 100% renewable energy systems
The G20 countries will need over 3,500 GW of flexible capacity to run 100% renewable energy systems at least cost, gas engine and battery storage manufacturer Wärtsilä said March 31.
read more... 01/04/2021
Chinese tech firm Xiaomi to develop electric vehicles
The Beijing-headquartered firm's chief executive officer (CEO) Lei Jun will also serve as CEO of the EV subsidiary, which may build a plant in China to manufacture EVs.
read more... 31/03/2021
Daily (31.03.2021): Oil prices pulled back by over 1% on Tuesday as Suez Canal opened, focus shifts to OPEC+ meeting
Crude oil prices retreated on Tuesday amid a stronger dollar and as ships resumed moving through the Suez Canal, with traders turning their attention to a meeting of the OPEC+ later this week. Hence, Brent crude declined by 84 cents, or 1.3%, to settle at $64.14 a barrel. Meanwhile, U.S. WTI crude fell by $1.01, or 1.6%, to settle at $60.55 a barrel.
read more... 31/03/2021
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Wind Power Industry Set To Install 1 TW New Capacity This Decade
The world’s wind energy industry could be on track to install nearly 1 terawatt (TW) of new capacity between 2021 and 2030, driven by surging installations in China, Europe, and the United States, energy consultancy Wood Mackenzie said in new research.
read more... 31/03/2021