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Nations Fear Energy Security by Coal Spend To Jump 10% In 2022

The global energy investment will increase by more than 8% in 2022 to reach $2.4 trillion including a considerable increase in coal supply chains which saw almost $105 billion spent in 2021 The most recent edition of the The International...

Russia Pinching Europe Gas Supplies Forcing Return To Coal

Some European countries are rethinking the use of coal, one of the dirtiest and most polluting energy sources, due to reduced Russian gas flows and the threat of a complete supply disruption. Though authorities maintain that burning coal is...

China, India may be buying more Russian Oil than US thought

According to one of President Joe Biden's economic advisers, China and India may be purchasing more Russian oil than the US previously thought, lessening a supply shortage on the world market and possibly causing the current price drop. With...

7 Nations To Split €2.4bn EU Green Transition Financing

Seven countries have received approximately €2.4 billion (£2.1 billion) in assistance to help them expedite their green transition. It will help Romania, Poland, Czechia, Lithuania, Slovakia, Hungary, and Croatia cut greenhouse emissions in energy, industry, and transportation, as well as meet their...

Well Above Normal Profits Not Acceptable For Refiners- Biden

President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not be burdened by high costs. Historically large refinery profits being transferred directly to the American people are not appropriate...

Next Year, Oil Output Is Expected To Fall Behind Demand

Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above pre-pandemic levels next year, according to the International Energy Agency. China will drive much of the demand growth next...

Business Association Wants EU To Bolster Energy Security

More than a hundred business leaders have urged Europe to improve its energy security by speeding up the green transformation. This comes after a letter from a group of 140 businesses to Ursula von der Leyen, European Commission President, ahead of...

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