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…
U.S. Oil Reserves Sufficient Amid Market Uncertainties: Energy Adviser
President Joe Biden’s energy adviser reassured the nation that the United States maintains a robust supply of oil within SPR to address any potential supply concerns. In a recent statement,…
G7 Ministers Vow to Accelerate Battery Storage Technology
G7 environment ministers have committed to accelerating the production and deployment of battery storage technology. In a significant move towards combating climate change and bolstering renewable energy efforts, G7 environment…
Ministry of Energy Urges Crackdown on Iranian Petroleum Smuggling
“The Ministry of Interior and the FBR are urged to take immediate and decisive action to rectify this critical issue,” stated the OCAC letter, stressing the urgency of the matter.…
Battery Growth Outpaces Renewables, Paves Way for Sustainable Future
The IEA report underscores the imperative of further cost reductions in batteries while maintaining quality and technological advancement. A new report from the International Energy Agency (IEA) claims that in…
Experts Warn: Extreme Weather Threatens Food Supply Across Europe
In a recent assessment of EU food security released by the European Commission, experts have identified extreme weather as a primary challenge to food supply in Europe. In a recent…
Solar Sizzles in US: Industry Poised for Continued Growth in 2024
The solar industry in the US is set to maintain its upward trajectory in 2024, building upon a year where it contributed over 50% of new electricity capacity additions to…
Europe Softens Gas Consumption Targets as Energy Crisis Eases
Originally, European Union countries had committed to a voluntary target in 2022, aiming to slash their gas usage by 15% during winter months. In a significant policy shift, the European…
Red Sea Disruptions and OPEC+ Cuts Tighten Oil Markets
Disruptions in Red Sea shipping routes and ongoing OPEC+ supply cuts are driving tightening conditions in oil markets, leading to a surge in futures prices. Recent disruptions in Red Sea…
US Paves Way for Transparent Critical Mineral Trade with AI-Powered Pricing
U.S. Department of Defense (DoD) has unveiled a groundbreaking program to estimate prices and predict supplies of vital metals such as nickel, cobalt, and others. In a bid to enhance…
Italy’s Exergy Drills into Turkish Market with 8 MW Geothermal Plant
Italy-based Exergy International, a leading player in geothermal energy sector, has clinched a significant deal to supply an 8 MW geothermal binary plant to Emirler Enerji in Turkey. Italy-based Exergy…