Latest: Energy News
The International Energy Agency expects world oil consumption to hit its peak in 2030 at 103 million barrels per day – a decade faster than initially predicted
The move gathered momentum on Tuesday when a draft text emerged and research revealed that global CO2 emissions from burning fossil fuels are set to hit a record high this year
Chinese President Xi Jinping will meet with European Council President Charles Michel and European Commission President Ursula von der Leyen
Car giant aims to have six new EV models in Europe by 2026, and also has a unit looking at hydrogen trucks and cars
COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels
Jakarta and the Asian Development Bank have agreed to a deal that will see a 660-MW coal plant in West Java shut seven years earlier than scheduled
The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday
The US will give $3 billion to the Green Climate Fund, sources said Saturday. The fund helps poor countries lower emissions and transition to clean energy
Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand
Officials from China and Vietnam are discussing a possible upgrade of their rail links, including an historic line through part of northern Vietnam with large rare earth deposits
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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