News & Press Releases

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...

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...

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...

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...

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...

Toyota launched a 5.5 kWh household battery storage system using its electric vehicle battery expertise on June 2. When coupled to a photovoltaic rooftop system, the compact system can operate a home day and night, Toyota says. Bidirectional EVs...

In the wake of a slew of coal-fired plant outages, Australia's energy market administrator took the unprecedented step of suspending the power spot market across eastern Australia on 15th June 22. Despite the extraordinary step, the market operator warned that...