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

The 15th is National Ecology Day 2024,with the theme of”Accelerating Comprehensive Green Transformation of Economic and Social Development”.The main event will be held in Sanming,Fujian.A series of important achievements in comprehensive green transformation were released on site. The relevant person in charge of the National Development and Reform Commission stated at the home event that

The Malaysian Ministry of Energy and Water Transition(Petra)stated that over 667 net metering consumers have installed solar systems and received rebates from the country’s People’s Solar Energy Incentive Scheme(SolaRIS)implemented since April. Petra stated that the majority of beneficiaries so far have received up to RM4000(USD 875.61)under the program. After Malaysian politician Mohd Hasbie Muda inquired

Recently,there has been a slight difference in the fluctuation of methanol inventory in the upstream,midstream,and downstream of China,with port social inventory showing an increasing trend;Mainland manufacturers have been destocking for two consecutive weeks,but although the total inventory has decreased,the main production areas are expected to slightly increase;Moreover,traditional downstream demand is slightly weak,and the overall inventory