IEA: Middle East conflict is changing countries’ energy strategies
The Middle East conflict is forcing countries to rethink their energy strategies by opening new supply routes and refocusing on…
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AIE
IEA: Russia’s fuel export revenue fell 14% in June
Russia’s revenue from oil and petroleum products sales fell by almost 14% year-on-year in June to $13.57 billion, the International…
Gasoline prices are falling slightly, in line with European markets
The price of Romanian fuels at the pump has decreased, in trend with the fall of quotations this week for…
Offshore Law: The Romanian state is the main winner, with up to 78% of net gains – AEI
The price of natural gas to the final consumer will not fall below the current price, and the state is…
Europe needs more than $2,000 bln. in investments in the electricity grid by 2050
The energy transition from fossil fuels to renewables is booming and will require huge investments in production capacity and infrastructure,…
Renewable power is defying the Covid crisis with record growth this year and next
Bogdan Tudorache Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the…
IEA anticipates a historic drop in oil demand by 2020
The International Energy Agency (IEA) said on Tuesday that it expects the biggest drop in oil demand in history this…
EU set to slightly surpass 2030 renewable energy goal
The European Union looks set to slightly beat its goal to get a third of its energy from renewable sources…
More than 70% of Europeans support the wind energy
About 70-80% of citizens across Europe support the wind energy. The industry is already working on retraining coal miners into…
AIE calls for the establishment of a gas dispute resolution center
Bogdan Tudorache Although the liberalization of the gas market has been prepared for 15 years, there has been no consumer…
Offshore wind, set to become USD 1 trillion industry by 2040
Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the…
US shale’s full impact still hasn’t hit oil markets, IEA director says
Shale oil’s impact will have “huge implications” for global energy markets for many years, Fatih Birol, executive director at the…
Coal demand will remain steady through 2023, International Energy Agency says
Coal consumption is expanding after two years of decline, but miners should brace for another period of sluggish growth, according…
Spain targets 100% renewable power by 2050
Spain’s government has published a new climate plan that targets a 100% renewable energy electricity system by 2050, with goals…
Aramco signals chemical ambitions beyond $70 billion Sabic deal
Saudi Aramco’s chief executive officer said he has bigger ambitions in petrochemicals beyond the planned $70 billion acquisition of a…
Chinese tariffs on US gas exports may shift the global market
China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as…
George Crabtree: Energy storage has the potential to change the way we live
The striking and swift evolution of cell phones from cumbersome bricks to sleek, powerful devices owes a lot to the…
Europe Faces Green Power Curbs to Stop Grids Overloading
Europe’s drive toward a power system based on renewable energy has gone so far that output will probably need to…