The strategic oil reserves of the United States are already at a low level.Due to significant releases in 2022,the US strategic oil reserves have decreased by 50%compared to their peak.At present,the United States is gradually increasing its reserves to guard against the sharp rise in crude oil prices and domestic supply disruptions. According to data

The German government has allocated up to 2.8 billion euros(3.1 billion US dollars)to support 15 industrial companies in achieving decarbonization under the first round of”climate protection contracts”. As part of Germany’s goal to achieve climate neutrality by 2045,Berlin will provide 15 years of subsidies to companies in industries such as glass,paper,and chemicals in exchange for

At 24:00 on the 10th,a new round of price adjustment window for domestic refined oil products will officially open.From the perspective of various institutions,the retail price of refined oil products is expected to experience its eighth increase in 2024. During this round of price adjustment cycle,international oil prices first fell and then rose,with significant fluctuations.On

Spain has officially approved the latest National Integrated Energy and Climate Plan(PNIEC or NECP 2023-2030)proposed by the Ministry of Ecological Transition and Population Challenges(MITECO).The country’s official goal now is to expand its renewable energy capacity to 81%by 2030,up from 74%in the 2021 version of the NECP plan. Specifically in terms of installed power capacity,Spain’s newly

The Spanish government approved a new goal today to install 12GW of electrolytic cells to produce green hydrogen by 2030,as part of its latest updated National Integrated Energy and Climate Plan(PNIEC)for 2023-2030. The previous target set in Spain’s 2020 Renewable Hydrogen Roadmap was 4GW. The new document approved by the Cabinet this morning also includes

The Federal Reserve announced its first interest rate cut since 2020,with a magnitude of 50 basis points. As one of the highly anticipated risk assets,will international oil prices be affected by this interest rate cut? The reporter noticed that there have been views previously pointing out that from the perspective of pricing effect,there is a

The development of biofuels cannot be separated from policy support and promotion.Multiple governments and international organizations have introduced relevant policies to encourage the production and use of biofuels.The United States is one of the world’s largest markets for biofuels,with mandatory blending targets set annually for various types of biofuels,accompanied by tax incentives and punitive measures

According to CNOOC Tianjin Branch,the daily crude oil production of Bohai Oilfield,the largest offshore oil field in China,has exceeded 100000 tons,setting a record high in the history of oilfield development and construction in nearly 60 years. The Bohai Oilfield was founded in 1965 and has now built over 50 oil and gas fields and more

According to foreign media reports,after steadily increasing in the past few years,the growth rate of US crude oil exports is expected to slow down this year.The current average crude oil export volume of the United States is 4.2 million barrels per day,a year-on-year increase of 3.5%,which is the smallest growth rate since 2015.Growth of 13.5%in

Indian Foreign Minister S Jaishankar stated that India will receive 1000MW of electricity from Nepal. He said on social media, “I am pleased to note that Nepal will export nearly 1000MW of electricity to India, which is a new milestone. Our neighborhood first policy and unique folk cultural connections have propelled our relationship forward This