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Energy

WTI crude oil suffers a sharp drop due to OPEC+ decisions

WTI crude oil suffers a sharp drop due to OPEC+ decisions Written by Antonio Di Giacomo, Senior Market Analyst at XS.com The price of West Texas Intermediate (WTI) started the session on February 3, 2025, with a bullish momentum, opening with a gap above $74.70 per barrel. However, the session was marked by high volatility, leading to a drop of more than 4%, bringing the price down...

25 Countries Unite in the Fight Against Plastic Pollution

25 Countries Unite in the Fight Against Plastic Pollution The World Economic Forum’s Global Plastic Action Partnership (GPAP) has recently welcomed seven new members - Angola, Bangladesh, Gabon, Guatemala, Kenya, Senegal, and Tanzania - bringing its impact-focused global network to 25 countries with a combined population of over 1.5 billion people. This marks a pivotal milestone in the fight against plastic pollution and solidifies GPAP as the...
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Nash fintechX launches CNet0, an integrated technology-driven carbon offset marketplace

Nash fintechX launches CNet0, an integrated technology-driven carbon offset marketplace CNet0 enables organizations to sell carbon offsets and keep an accurate record of reduced emissions...

Asia accounts 61% of global ethylene capacity additions

Asia accounts 61% of global ethylene capacity additions Asia is expected to lead the global ethylene industry capacity growth from new-build and expansion projects by...

Middle East Energy 2022 to open next week in Dubai

Middle East Energy 2022 to open next week in Dubai Policymakers, business leaders, and industry experts from the energy industry will converge on Dubai next...

Australia to contribute around 26% of ammonia capacity additions in APAC through 2026

Australia to contribute around 26% of ammonia capacity additions in APAC through 2026 Australia plays a significant role by adding a capacity of 3.34 mtpa...

ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge

ExxonMobil’s ‘scope 3’ emissions set to rise despite ‘net zero’ pledge Following ExxonMobil’s announcement of an ambition to achieve net-zero emissions for operated assets by...

Digital DEWA’s Moro Hub breaks ground for the largest solar-powered data centre in the Middle East and Africa

Digital DEWA’s Moro Hub breaks ground for the largest solar-powered data centre in the Middle East and Africa HE Saeed Mohammed Al Tayer, MD &...

IRENA Report Identifies Policy Measures to Advance Jordan’s Transition to Renewables

IRENA Report Identifies Policy Measures to Advance Jordan’s Transition to Renewables A report published by the International Renewable Energy Agency (IRENA) has identified a series...

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025

Trinidad and Tobago to dominate natural gas production from upcoming projects in Americas in 2025 Trinidad and Tobago is expected to contribute around 25% or 820...

How much is Blue hydrogen to account of low-carbon hydrogen capacity by 2030?

How much is Blue hydrogen to account of low-carbon hydrogen capacity by 2030? Hydrogen markets are taking off around the world, and GlobalData expects low-carbon...

More efficient electricity distribution thanks to new insulation material

More efficient electricity distribution thanks to new insulation material High-voltage direct current cables which can efficiently transport electricity over long distances play a vital role...

Future of energy wider than technology hype and must meet the needs of the many, not the few

Future of energy wider than technology hype and must meet the needs of the many, not the few As the world continues to progress multiple...

Carbon Prices now Apply to Over a Fifth of Global Greenhouse Gases

Carbon Prices now Apply to Over a Fifth of Global Greenhouse Gases A total of 64 carbon pricing instruments are now in operation around the...