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Oil Falls as Chinese Demand Sags, Fed Ponders Rate Cut
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision.Brent crude futures fell 39 cents to $74.10 a barrel by 1:10 p.m EST…
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Denmark Issues Offshore Wind Permit
The Danish Energy Agency has granted a construction permit for 240-megawatt (MW) Jammerland Bugt offshore wind farm, which is expected to start operating in 2029, developer European Energy said on Tuesday.The project is located in the Bay of Jammerland, on the western side of the…
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Palm extends its losses and records second weekly loss
Malaysian palm futures closed lower on Friday, and recorded a second weekly loss in a row due to sluggish demand for exports.
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MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump
Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will…
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California sets clear course to close Aliso Canyon Gas Storage Facility
California's utilities regulatory agency on Thursday set out a clear path to potentially close SoCalGas Aliso Canyon's gas storage facility.
Latest news
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Sources say that Tesla's former China plant head will join renewable energy company Envision
Two sources with knowledge of the situation said that Tesla's former China Plant Manager is expected to join Chinese renewable…
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Galp, a Portuguese company, plans to produce biofuels by 2026
Galp Energia, a Portuguese oil refiner and producer, announced on Thursday that it expects to produce biojet fuel and biodiesel…
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Spain's demand for electricity is increasing as renewables set records
According to Red Electrica's estimates, the amount of electricity consumed in Spain increased this year, after two years of decline.
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AI's hunger for energy fuels geothermal startup but rivalry over natgas clouds the future
The number of geothermal energy startups is on the rise, as Big Tech companies look to power their AI data centers with natural gas.
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The spot price rises on the drop in wind and nuclear demand, as well as higher French demand
European power prices rose Thursday as the main wind producer Germany was expected to experience a sharp drop in wind production output…
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Indonesia will increase crude palm oil export tax to 10%
Indonesia's chief economic minister announced on Thursday that it will increase the export levy on crude palm oil (CPO), from 7.5% to 10%…
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Palm oil prices continue to fall amid uncertainty about biofuel policies in Indonesia and the US
Malaysian palm futures fell on Thursday for the fifth consecutive session as market uncertainty over Indonesian biofuel policies and U.S.
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Where will Trump's trade with China lead commodities in 2025? Russell
In 2025, Donald Trump's return as U.S. president and China's stagnant economy will influence global commodity markets. The…
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Qcells claims that a new technology could reduce the space required for solar panels
Hanwha Corp.'s Qcells announced on Wednesday that it had made a significant breakthrough in a new solar technology. This…
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Spanish region approves wind turbine upgrades that are mandatory, sparking an industry outcry
The regional parliament of Galicia approved a set of measures on Tuesday that will force wind parks in the region to replace…
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Canada will impose new tariffs on Chinese imports during the New Year
The government's latest fiscal update revealed that Canada will impose tariffs as soon as next year on a number of Chinese…
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Shell's former US offshore wind leader Orsted replaces Shell's executive
Amanda Dasch, Shell's director of renewables for the Americas, will join Danish offshore wind company Orsted as its head of U.S.
Solar
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Investors threaten to take action after the Czech Parliament cuts solar industry aid
On Wednesday, the lower house of the Czech parliament approved a change in rules for aids to solar power plants that could reduce some support.
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ReNew Energy, India's energy company, has offered to be privatized in a $2.82 billion deal
Filings with the U.S. Securities And Exchange Commission show that some of the largest investors in ReNew Energy Global are…
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Phillips 66 and NextEra team up to power California refinerys with solar energy
The refiner announced on Tuesday that Phillips 66 would power its Rodeo refinery with a solar facility operated and owned by NextEra Energy.
