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Oil & Gas Supply
Sanctions on Russian Energy ‘on the Table,’ White House Says
The United States is “very open” to imposing sanctions on Russia’s oil and gas industry, White House spokeswoman Jen Psaki said on Wednesday, adding that it …
Crude Oil
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…
Floating Offshore Wind
First Floating PV Plant to be Built in Greece by Terna – Global Market to Reach 4.8 GW by 2026
Floating PV technology is making its first steps in the Balkan region, with companies in Greece, Albania, Romania, and Montenegro investing in new projects.
Crude Oil
OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,…
Crude Oil
Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Hydrogen Project
Bloom Energy, SK Ecoplant to Expand Hydrogen Agreement to Achieve a Global Market Leadership
Bloom Energy and SK ecoplant will collaborate on establishing a market leadership in the hydrogen economy with hydrogen innovation centres set to appear across …
Market Analysis
Global Offshore Wind Market to Hit $56.8bn by 2026
A new report conducted by Research and Market states that the global market for offshore wind energy will record a 12.3% growth between 2021 and 2026.
South Korea
Korea Expands Presence in Battery Raw Materials Markets
Although Korean battery raw materials companies have increased their combined share of the global market, they still place third after China and Japan.
Coal Mine
New Elk Coal Commences Coal Mine Operations in Colorado
With all regulatory approvals in place, New Elk Coal has started production at its Weston, Colorado mine, and will be scaling up operations for the export of co…
Natural Gas
Israel Weighing Fewer Limits on Natural Gas Exports
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.
LNG
GECF Expert Commentary - New Trends on the Global Market of LNG Carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception.
Electric Vehicle Battery
Lithium Prices Could Triple As EV Production Soars
The global market share of electric vehicles is set to rise so quickly that battery manufacturers will not be able to meet production requirements, a Rystad Ene…
Hybrid Power Plant
Global Energy Storage Installations to Exceed 10GW in 2021
According to a new report released by research firm IHS Markit, the global market for energy storage will more than double in 2021 from the 2020 level.
Electric Car
China and Italy to Manufacture New Energy Sports Vehicles for Global Markets
The Silk-FAW joint venture plans to launch the new full electric and hybrid luxury models under the Hongqi ‘S’ series – the first model of this series will b…
Smart Energy
Cities and Community Investment in Smart Energy to Hit $64 billion by 2030
Research firm Guidehouse Insights predicts the global market for smart energy technologies to expand at a compound annual growth rate of 10% between 2020 and 20…
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