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Oil & Gas Trade
Indian Refineries Slash Middle East Oil Imports As Storage Fills Up
Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…
CNPC
CNPC Starts Building a 5.6 bcm Gas Storage Project in Xinjiang (China)
China National Petroleum Corporation (CNPC) has started to build the Wenjisang gas storage cluster project in Tuha Oilfield in the Xinjiang Uygur Autonomous Reg…
Hydropower Plant
US, China to Cooperate on Hydropower Plant in Turkey
Turkey will collaborate with China and United States to build a pumped-storage hydropower plant in the Isparta province, in the western Anatolian region, Anadol…
Solar Power Plant
Germany has 200,000 Solar-Plus-Storage Systems
EuPD Research estimates around 65,000 energy storage systems linked to rooftop PV were installed last year thanks to increasingly popular solar arrays and elect…
Oil & Gas Trade
Australia Says First in Line to Buy Crude to Store in US Strategic Reserve
Australia is at the head of the queue to buy oil and store it in the US Strategic Petroleum Reserve.
Solar Company
SunPower Halts All Global Manufacturing, Cuts Employee Workweek
The stoppage does not affect SunPower’s plan to spin off its manufacturing arm, called Maxeon Solar Technologies, by the middle of the year.
Solar Company
Total Eren Presents EIS for 150-MW PV Project in Chile
Paris-based independent power producer Total Eren SA is seeking to secure the environmental permit for the 150-MW Santa Isabel II solar photovoltaic project it…
Solar Company
SunPower Idles All Solar Cell and Module Assembly Plants
SunPower has closed all its manufacturing plants in the United States, Mexico, France, Malaysia and the Philippines.
Crude Oil
China Doubled Crude Oil Storage Inflows During Coronavirus Demand Hit
China pushed crude oil into storage tanks almost twice as fast in the first quarter of this year as it did in the same period in 2019.
Oil Price
Oil Price Plunges to 22-Year Low on Concerns Over Storage, Weakening Economies
Oil prices fell Monday, with a U.S. crude futures contract hitting its lowest level since 1998.
Solar Company
UK Solar PV Capacity Addition for 2020 Estimated to Fall to a Mere 200MW
The lack of a robust domestic manufacturing industry makes the UK highly dependent on imports to cater to demand.
LNG
Construction of First Gas Storage Cluster Begins in Western China
The construction of China's first natural gas storage cluster has begun in the west of the country, with total investment reaching 7 billion yuan ($990 million)…
Energy Storage Battery
Emergence of Crucial Interphase in Lithium-Ion Batteries is Observed by Researchers
What happens in a lithium-ion battery when it first starts running? A complex series of events, it turns out – from electrolytic ion reorganization to a riot o…
Oil Price
Oil Plummets 21% to 21-Year Low as Sinking Demand Spurs Uncertainty Around Storage
Oil prices fell to a 21-year low on Sunday night as uncertainty over a supply glut intensified.
Oil Price
Oil Prices Hit $15 For The First Time In 21 Years
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.
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