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Wednesday, June 7, 2023

Tsvetana Paraskova

Booming Solar Industry Has An Unresolved Waste Problem

Solar power installations are leading a surge in renewable energy capacity, and solar additions are set to account for two-thirds of the increase in global renewable power capacity this year, the International Energy Agency (IEA) said last week.  Along...

Iran Plans To Create A Regional Natural Gas Hub

Iran is looking to set up a natural gas hub in the Persian Gulf and is cooperating with Russia, Qatar, and Turkmenistan to that end, Iranian Oil Minister Javad Owji said on Wednesday.   “With the cooperation of Russia, Turkmenistan, and Qatar, we are t...

The Single Most Important Factor For Oil Prices This Year

China’s economy and oil demand will be the single most important driver of oil prices this year, even if OPEC+ manages to push prices upwards, according to Fatih Birol, the Executive Director of the International Energy Agency (IEA). “There are many un...

Oil Prices Rise As China’s Crude Imports Jump

Oil prices rose early on Wednesday as Chinese data showed crude imports into the world’s top oil importer jumped in May, recovering from a weak April. As of 8:13 a.m. EDT on Wednesday, ahead of the EIA weekly inventory report, WTI Crude prices were up ...

675 Million People Without Power: IEA

A total of 675 million people around the world were without power in 2021, according to a new report released on Tuesday. A new report published by the International Energy Agency, The International Renewable Energy Agency, the United Nations Statistic...

Chinese Steel Prices Fall To Three-Year Low

Via AG Metal Miner For the past year or two, steel analysts and experts have talked about how China’s market is now more open. Simultaneously, they discussed how domestic steel demand had surged due to increased infrastructure spending. The way they ma...

Asian Buyers Scramble For Alternative Oil Supplies After Saudi Price Hike

Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its official selling prices for its crude going to Asia in July.   At l...

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