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IEA: Electricity demand growth will require more fossil fuel production
The demand for global electricity is growing faster than renewable energy capacity and therefore will require more power to be generated from fossil fuels.
read more... 19/07/2021
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OPEC, allies reach ''full agreement'' after production spat
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a "full agreement" after an earlier dispute that roiled oil prices.
read more... 19/07/2021
Daily (16.07.2021): Crude oil prices extended losses on Thursday on expectations for increased supplies
Crude oil prices continued to fall on Thursday on expectation for an increase in supply after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise deal. Moreover, U.S. fuel stocks rose, providing additional pressure to prices. As such, Brent crude fell by 1.7% to settle at $73.47 a barrel. The American WTI shed by 2% to end at 71.65 p/therm.
read more... 16/07/2021
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China to release more than 10 million tonnes of coal from reserves
China will release more than 10 million tonnes of coal from state reserves to ensure steady supply to the market, the state planner said in a statement on Thursday.
read more... 16/07/2021
EU backs renewables and power network upgrades in Romania with €120m loan
The European Investment Bank (EIB) is supporting the deployment of renewable energy and advanced meters as well as the upgrade of electricity distribution networks in Romania with a €120 million (£103m) loan.
read more... 16/07/2021