Clean Energy Minerals Market Cools in 2023 as Supply Meets Demand
The market for vital minerals used in clean energy tech, such as solar panels, wind turbines, and electric cars, witnessed a notable release of pressure in 2023 as supply exceeded…
IEA Lowers 2024 Oil Demand Growth Forecast, Deepening Gap with OPEC
IEA lowers the 2024 oil demand forecast, widening the gap with OPEC on global demand growth expectations. The International Energy Agency (IEA), which revised its forecast downward on Wednesday, has…
OPEC Oil Production Dips in April, Casting Shadow on Upcoming Meeting
OPEC reports a in crude oil production of 48,000 bpd decrease in April, ahead of the OPEC+ meeting on future production levels. In its latest monthly report, OPEC revealed a…
Government Mulls Measures to Increase Electricity Use After 7.5% Plunge
The government seeks strategies to stimulate electricity consumption after a notable 7.5% dip in March 2024. In response to a significant 7.5 percent decline in electricity demand witnessed in March…
Ecosperity Warning: Slow Mining Investment Threatens Net Zero Goals
Rio Tinto Chairman Dominic Barton cautioned that the sluggish rates of investment in the global mining sector pose a serious threat to the ongoing energy transition worldwide. In a stark…
Aramco CEO: Reset Energy Transition, Oil and Gas Remain Crucial
CEO of Saudi Aramco’s remarks underscored the complex interplay between evolving energy demands, geopolitical tensions, and environmental imperatives. Amin H Nasser, the President and CEO of Saudi Aramco, delivered a…
CERAWeek: Cautious Optimism as Oil Giants Convene in Houston
Global oil prices have held steady within the range of $75 to $85 per barrel, providing a lucrative backdrop for industry players without impeding global economic growth. One of the…
Global Oil Demand Surges Amid Red Sea Turmoil and Economic Optimism
The Paris-based agency revealed a 110,000 barrels per day (bpd) increase in its forecast for global oil demand compared to previous estimates. The International Energy Agency (IEA) has announced a…
OPEC and IEA at Odds Over Oil Demand Growth Forecasts
The world’s premier forecasters of oil demand growth, OPEC and IEA find themselves further apart than they have been in at least 16 years, as per Reuters research. In a…
Power Down: Hubco Predicts Decline in Pakistan’s Electricity Demand
The reduction in power consumption holds significance as an economic indicator in Pakistan’s developing economy. Pakistan’s leading private utility company, Hub Power Co Ltd (Hubco), foresees a drop in the…
Saudi Arabia Halts Oil Capacity Expansion Plans Amid Energy Transition
In a strategic shift signaling the impact of the global energy transition, Saudi Arabia has announced the suspension of its oil capacity expansion plans. In a strategic shift signaling the…
Denver’s Stealth Startup Koloma Unveils Power-Shifting Clean Tech
Denver-based startup Koloma has surfaced from stealth mode, revealing groundbreaking advancements in clean power generation. In a bold stride towards addressing the escalating global demand for clean energy solutions, Denver-based…