Numerous residents residing in rural areas relying on depleting wells are encountering challenges accessing consumable water. Driven by drought, Joan Torrent treks into the woods with empty jugs to collect water from…
Trump Can’t Stop Energy Transition
Former President—and current Presidential candidate—Donald Trump—won’t be able to stand in the way of the Energy Transition, John Kerry said on Tuesday at the International Energy Agency ministerial meeting. The U.S. Special…
Russian authorities may subsidize purchase of 85 bulk carriers
About 85 vessels can be purchased within the state subsidies for providing the fleet for foreign trade operations. The specified number of vessels will include bulk carriers…
Wind and Solar Growth in China Not Enough to Offset Coal Expansion
In 2023, China’s economy expanded by 5.3%. This would have been an impressive number worth celebrating for any other country. For China, however, the number was widely seen as a disappointment—even though…
The $387 Billion Coal Replacement that is Nuclear
Replacing coal-fired power stations with small modular nuclear reactors, would cost taxpayers $387 billion, implying the option would not get backing from the industry, suggested Chris Bowen, the Climate Change Minister. More…
Russian coal exports to drop by 20% due to sanctions
Russian coal exports to drop by 20% following a sanctions announcement by the United States. On February 23, the United States extended sanctions against the Russian energy and mining and metallurgical sectors…
Oil Traders Bet on Market Despite Flat Crude Prices, Red Sea Attacks
Traders are still investing in oil by-products despite the price cap in oil markets. Bloomberg data released on Tuesday 6th of February, showed that the open interest…
Bankrupt Oil Trader and Owner Sue the UAE and Others in Fraud Claim
The UAE, its president, oil firm ADNOC, a Swiss-based private investigation firm and others are being sued for $2.8 billion from bankrupt oil firm Lord Energy and its owner, Hazim Nada. The…
Powell: The US is on an unsustainable fiscal path
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal…
India Aims To Reduce Coal Imports Dependency By 2025
Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi has stated that India’s coal import for the power sector is projected to reduce to 2% by 2025, attributing the decrease to…