Europe Becomes the Second Largest Electric Vehicles Market with More Than 1 Million Sales

According to new industry figures, there are now more than one million electric vehicles (EV) in Europe after a surge in sales across the region. Although Europe has reached this milestone goal nearly a year...

Bangladesh’s First LNG Terminal Begins to Run

After several delays to start injecting liquefied natural gas (LNG) into the national grid, Bangladesh’s first LNG terminal has started operations in August, initiating the county’s LNG supply for the first time in history. The...

China Changes Policy for Solar Sector to Strengthen the Industry

China’s solar stock was hit by a blow in June when the existing government feed-in tariff for photovoltaic industry saw its end and new rules came out, which means a painful reduction of subsidies...

The Increasing Solar Investment Shifts Mainstream Energy from Nuclear Power and Coal to Renewable

With the plunging prices of clean energy technologies, renewable energy has grown up to be an increasingly attractive prospect for governments around the world. Last year investment in renewable energy was far more expensive...

Oil Rises to Month High on Looming Iran Sanctions, Falling U.S. Stock

Oil prices jumped to the highest in several weeks in August, extending gains on growing concerns of a drop-off in Iranian crude exports and after a bigger-than-expected fall in U.S. crude stockpiles. Global benchmark Brent crude...

Energy Transition: Portugal Breaks 100% Renewables Mark

Last month, Portugal's renewable electricity output exceeded its monthly total grid demand, according to REN, the operator of the national transmission system. The average renewable energy for this month exceeded 103% of consumption, 55%...

BP Steps Further into EV Market by Funding NIO Capital

British Petroleum (BP PLC), one of global oil giants, announced that it will inject $10 million into an investment fund backed by Chinese electric-car maker NIO, in order to expand into China’s fast-growing new-energy vehicle and...

EU Set to Scrap Punitive Measures For Chinese Solar Panels

The European Union was preparing to scrap import controls on Chinese solar panels and cells in September when the current protective measures expire, Reuters reported on August 24. The European Commission, which is responsible for...

Indian Refiners Troubled By Venezuela’s Declining Oil Output

Venezuela’s oil exports to India, its third largest crude buyer, experienced a sharp decline in the first half of 2018, according to data from state oil company PDVSA, raising supply concerns for Indian refiners...

Global Gas Demand to Grow 1.6% Annually By 2023: IEA

Global demand for natural gas is expected to grow at an average of 1.6 percent annually within the next five years, with rising Asian markets as the main engine for demand, the International Energy...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...