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Crude Oil
Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…
Oil Shale
Oil Output in Permian to Rise to Record High in September -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…
Electric Vehicle Battery
CATL Announces Second European Battery Plant in Hungary
CATL is to build a new battery plant in Hungary. €7.34bn plant will be built in Debrecen and will supply both cells and modules to European automakers
International Wind Congress 2022
RE:WIND 2022 Congress takes place in Berlin, Germany, on 7-8 November. It focuses on wind energy, and provide its participants - developers, operators, EPC(I)s,…
Electric Car
South Korean Government Asks U.S. Government to Soften EV Subsidy Requirements
Ahn Deok-keun, head of trade negotiations at the Korean Ministry of Trade, Industry and Energy (MOTIE), has recently requested the U.S. government to ease the r…
Solar Power Panel
Why Solar Power Is Failing Amid Record-Breaking Heat
Solar panels become less efficient as temperatures rise.
Natural Gas
Israeli Natural Gas Lines Signs Investment Contract With Prisma Photonics
Israeli Natural Gas Lines recently entered into a strategic investment contract with Prisma Photonics, a company developing advanced real-time critical infrastr…
Oil & Gas Supply
Switch From Gas Boosts Oil Demand, but Economic Headwinds Loom - IEA
Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, i…
Offshore Wind Power
Siemens Gamesa Installs World’s First Offshore Wind Turbine With Recyclable Blades
German energy giant RWE started to test a wind turbine with fully recyclable blades at its offshore project Kaskasi. It is the first deployment of the technolog…
Oil Refinery
U.S. Oil Refiners, Pipeline Companies Expect Strong Demand for Rest of 2022
U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have wor…
United States
U.S. Power Use to Reach Record High in 2022 as Economy Grows, EIA Says
U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy O…
Net Zero Emission
What Are the Key Accelerators of Industrial Decarbonization?
Decarbonizing heavy industry will require collaboration on an unprecedented scale between companies that have historically been in fierce competition with one a…
Crude Oil
EIA Lowers U.S. Oil Production Forecast
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.
Oil Price
Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent…
Australia
Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…
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