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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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Carbon capture and storage playing field is dominated by oil giants with no room for smaller operators

Carbon capture and storage playing field is dominated by oil giants with no room for smaller operators The oil and gas playing field will become...

UAE and U.S. US Commit to Jointly Tackle the Climate Challenge

UAE and U.S. US Commit to Jointly Tackle the Climate Challenge The United Arab Emirates and the U.S announced their joint commitment to tackle the...

Global demand is set to drop by 5%, investment by 20%

Global demand is set to drop by 5%, investment by 20% The COVID-19 pandemic has caused more disruption to the energy sector than any other...

Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide

Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide Renewable energy continues to bring socioeconomic benefits by creating numerous jobs worldwide, according to the latest...

Global power industry tenders: Thermal technology up 22% in August 2020

Global power industry tenders: Thermal technology up 22% in August 2020 Thermal technology tenders activity in August 2020 saw 182 tenders announced, marking a rise...

Middle East and Africa power industry tenders up 2% in August 2020

Middle East and Africa power industry tenders up 2% in August 2020 Middle East and Africa power industry tenders activity in August 2020 saw...

Middle East remains on track to bring significant refining capacity online

Middle East remains on track to bring significant refining capacity online After years of talk about the declining role of oil in the global economy,...

Global oil & gas industry M&A deals total $5.6bn in February 2020

Global oil & gas industry M&A deals total $5.6bn in February 2020 Total oil & gas industry M&A deals in February 2020 worth $5.6bn were...

Renewables Account for Almost Three Quarters of New Capacity in 2019

Renewables Account for Almost Three Quarters of New Capacity in 2019 The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019,...

Coronavirus pandemic disrupts the global solar PV supply chain

Coronavirus pandemic disrupts the global solar PV supply chain The disruption caused by the coronavirus (COVID-19) pandemic on Chinese solar photovoltaic (PV) manufacturing companies has...

Oil’s demand plunge doing more damage than the price war

Oil’s demand plunge doing more damage than the price war Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut...

Oil and gas critical to Aberdeen’s ambitious plans to become a clean energy hub

As a gateway to the North Sea, Aberdeen has been pivotal to the success of the oil and gas industry, but much is now...