Oil Giant BP Taps Into Electric Car Charging Market

The global oil magnet British Petroleum (BP) has bought Chargemaster, the country's biggest electric car charging operator, signaling the energy major’s concern about the impact of low-carbon vehicles on its core business, as well...

China Looses Coal Import Restrictions to Secure Summer Power Supply

China’s energy regulators have eased controls on coal imports at the country’s major ports, as a significantly larger amount of coal will be consumed to ensure the jumping demand for electricity during the next...

China Strives for More Pricing Power Over Oil

China launched last Monday trading of the yuan-priced crude oil futures contracts at the Shanghai International Energy Exchange (INE), taking its first steps towards paying for imported crude oil in yuan instead of the US...

Trump’s Oil Ban On Iran Raises Risks of Oil Price Spike

U.S. President Trump’s “withdrawal” from Iran nuclear deal has sent shockwaves through the Iranian economy. The tension has been escalated when US Secretary of State Mike Pompeo announced a list of 12 demands of...

US is Becoming the Second Most Attractive Renewable Energy Market in the World

EY’s Renewable Energy Country Attractiveness Index shows that the United States has moved ahead to the second only to China. While it ranked the third last year because of Trump’s fossil fuel industry revival...

Transformation of Ford: Mustang, Focus Crossover Will Be Only Ford Cars on the Market...

The company which established more than a century ago by Henry Ford moved America from a carriage to a car. Today, the Ford that changed our world is experiencing another transformation as the transportation...

Will OPEC Listen to Trump to Raise Oil Output?

The White House has asked Saudi Arabia and some other OPEC producers to increase oil production under the table, but did not determine a specific number, according to three OPEC and industry sources on...

The Iran Oil Lever Over Trump by China is Playing Out at OPEC Meeting

The U.S. trade dispute with China is likely to determine in a roundabout way how successful the U.S. is in imposing sanctions on Iran’s oil, and that uncertainty is likely to emerge in OPEC. In...

US Asks OPEC to Increase Oil Supply Amid Rising Prices

The U.S. government has unofficially asked Saudi Arabia and some other OPEC members to raise oil supply by about 1 million barrels per day (bpd), Bloomberg reported on June 5, citing industry sources familiar...

Global Renewable Energy Capacity Continues to Rise

The global renewable energy generation capacity increased by 167 gigawatt (GW) to reach 2,179 GW by the end of 2017, representing an average yearly growth of around 8.3% for seven straight years, according to...

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No Winner of Trade War: Trump’s Tariffs Are Straining the Global...

  The Trump administration said it would move ahead with imposing a 25 percent tariff on $50 billion of Chinese products that are imported into...