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Microgrid
What Does a Joe Biden Presidency Mean for Microgrids?
Microgrids, already growing in demand because of wildfires, hurricanes, the pandemic and energy equity issues, are likely to soon experience another boost — th…
Nuclear Power Plant
Belarus Nuclear Plant Stops Power Output Soon After Opening
Belarus' first nuclear power plant stopped generating electricity the day after it was formally opened by President Alexander Lukashenko and some of its equipme…
Market Analysis
‘Renewables Immune to Covid’ Says IEA Chief Birol
“Renewables appear to be immune to Covid-19,” said Fatih Birol of the International Energy Agency this morning, as he revealed that clean energy had defied th…
Russian Federation
Novak Steps Down as Russian Energy Minister
Russia's long-serving energy minister Alexander Novak, who oversaw the country's participation in the Opec+ agreement, is stepping down after more than eight ye…
Power Construction
Paraguay’s ANDE Invests in Distribution Transformers Upgrade
Paraguay’s national electricity utility, ANDE, has acquired 7,200 new distribution transformers to increase the power availability of Paraguay’s electricity s…
Market Analysis
Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years
It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…
Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
Chinese-Built Power Plant Stabilizes Iraq's Electricity Supply Amid COVID-19 Crisis
Situated on the bank of the Tigris in southern Iraq's Wassit province, a Chinese-built power plant has stabilized Iraq's electricity supply amid the extreme hea…
Crude Oil
US Imposes New Sanctions on Iran’s Ministry of Petroleum
The United States has expanded sanctions against Iran, targeting the country's ministry of petroleum along with 10 other entities
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Energy Storage Battery
India to be World's Largest Market for Battery Storage by 2040: IEA
India will become the largest market for utility-scale battery storage by 2040 as renewables show immunity to the COVID-19 pandemic to emerge as a cost-effectiv…
Crude Oil
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in…
Oil & Gas Trade
OPEC+ to Stick with Plans to Ease Output Cuts, Says Russia's Novak
Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a glob…
Oil & Gas Trade
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand d…
World Energy Outlook
IEA’s Report Gauges the Effect of the Pandemic on Climate Goals
Amid deep disruption and uncertainty caused by the pandemic, a surge in well-designed energy policies is needed to put the world on track for a resilient energy…
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