Major oil producing countries planned to increase production
Saturday, 29 October 2022
The organization of Petroleum Exporting Countries (OPEC) and Russia and other non OPEC oil producing countries reiterated after a ministerial meeting on the 1st that they will continue to increase oil production according to the original plan. The 17th ministerial meeting between OPEC and non OPEC oil producing countries was held by video on the
Rapid development of global solar energy industry
Saturday, 29 October 2022
Driven by the growth of electric vehicles (EV) and large-scale battery storage, there are a lot of reports about the global supply contraction of cobalt and lithium. But the International Energy Agency’s mineral supply chain report highlights the solar industry’s dependence on copper. The IEA document “the role of key minerals in clean energy transformation”
The UK is the third largest coal supporter in the world
Saturday, 29 October 2022
According to the latest report released by Research Institute reclaim finance and urgewald, since the signing of the Paris Agreement in 2015, the funds provided by major British banks for coal related projects are still increasing year by year, the Guardian reported. Although the British government has been emphasizing the policy of dealing with climate
New energy enterprises face the risk of decline
Saturday, 29 October 2022
At this stage, energy storage is not the only new energy auxiliary project. In order to pursue economy, enterprises are likely to adopt thermal power peak shaving, and new energy enterprises are not the only beneficiaries of energy storage power station construction, and their rights and responsibilities are not equal. Previously, the national development and
The world’s largest carbon market is starting up
Saturday, 29 October 2022
The national carbon emission trading market (hereinafter referred to as the “national carbon market”), which will be officially launched at the end of June, is gradually approaching, and many parties are speeding up their preparations. The reporter learned that at present, the further construction of the national carbon market registration system and trading system is
Global CO2 emissions will increase by 1.5 billion tons
Saturday, 29 October 2022
The Paris based International Energy Agency (IEA) said in its latest report on the 20th that global carbon dioxide emissions related to energy will increase by 1.5 billion tons in 2021, the largest increase since 2010. The agency called on the international community to respond quickly. In a press release released on the same day
Renewable energy promotes green and low carbon development
Saturday, 29 October 2022
Vigorously developing renewable energy is not only an important support to promote green and low-carbon development, but also an important measure for China to cope with climate change and fulfill international commitments. In recent years, China’s wind power, photovoltaic power generation and other industries have developed rapidly. By the end of 2020, the installed capacity
Iran’s export rebound will not have a big impact on the oil market
Saturday, 29 October 2022
Goldman Sachs said the potential recovery of Iran’s exports would not be an “external” shock to the oil market, and that it is expected that Iran’s crude oil exports will not fully recover until the summer of 2022, as U.S. and Iranian officials began indirect negotiations on the Iran nuclear agreement in Vienna on Tuesday.
Revenue of global oil giants will drop by 35.4% in 2020
Saturday, 29 October 2022
According to the sources, according to the data compiled by the Anadolu news agency, the total revenue of the world’s largest oil companies, including large oil companies, Saudi Aramco, Russia’s largest oil producer and the largest oilfield service provider, has dropped from US $2.02 trillion in 2019 to US $1.3 trillion in 2020, a drop
Global oil demand is still recovering
Saturday, 29 October 2022
Although problems with the European vaccine program and slowing crude oil purchases caused futures prices to fall more than 7% last Thursday, data from around the world showed that demand was recovering steadily, albeit intermittently. A year ago, billions of people were trapped at home because of the epidemic, and idle jetliners were parked on