The Energy Ministry of Russia has submitted a draft law to Dmitri Medvedev that is intended to support the deployment of renewable energy sources, including solar power, wind power, and hydroelectric power. Russia failed to meet its 2010 renewable energy target, which was to obtain 1.5% of the country’s electricity … [continued]
China is well known as the world’s leading electric vehicle (EV) market. More than half of the world’s EV sales have occurred there in recent years. It is a standard of the rapid, uplifting EV revolution. In 2023, 25% of auto sales in China were sales of full electric vehicles. … [continued]
Estonia is hosting a new cutting edge pumped hydropower energy storage project that deploys mining operations to minimize surface disruption.
We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. We now forecast significantly less global oil production than world oil consumption through the first … [continued]
U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was … [continued]
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global … [continued]
U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new wells, according to our latest Petroleum Supply Monthly (PSM). U.S. crude oil production has increased to record highs since 2010 and has risen even more quickly in recent months. These record … [continued]
Civil society appeal: Plug energy sanctions loopholes and strengthen enforcement to end the war. The European Union and G7 must tighten their grip on Russia’s key revenue streams from exports of fossil fuels, say 290 European, international and Ukrainian NGOs in a joint public appeal to leaders of the EU … [continued]
Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data. This trade shift corresponds with increased coal exports from the United States to Europe and EU sanctions that went into full effect … [continued]
A gigantic new green hydrogen plant in the Netherlands will help the European Union finally free itself from Russian gas, once and for all.
