China issued a substantial increase in its crude imports quotas for this year, the clearest sign yet that Chinese refiners are set for a material increase in output - and a surge in demand for oil - as the nation finally moves away from its ridiculous Covid Zero policy. On Monday, China issued a second batch of 2023 crude oil import quotas, raising the total for this year by 20% compared to the same time last year, according to Reuters and Bloomberg. According to the document from the Ministry of Commerce, 44 companies,…
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Germany Makes New Energy Savings Measures Mandatory
Germany passed on Thursday a bill that would make energy savings measures mandatory across all economic sectors, according to media. The new law, called The Energy Efficiency Act, would regulate energy savings in public buildings, industry, and data ce...
Rishi Sunak Faces Heat As Labour Pushes Back On Petrol Policy Delay
The Labour Party has pledged it would reinstate the ban on the sale of new petrol and diesel cars from 2030 if elected into government. Shadow environment secretary Steve Reed confirmed Sir Keir Starmer’s party would reverse the Prime Minister’s decisi...
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The planned expansion of the BRICS bloc, through the addition of new members Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform the grouping into a global leader in renewable energy in the coming decades, Ryst...
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