Electric Vehicles Will Triple by 2020

Recently, sales of electric vehicles have increased significantly, surpassing 1 million in 2017 after growing 56% from 2016. The number of electric vehicles (EVs) worldwide could triple to 13 million over the next two...

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...

New Marine Fuel Rules To Spur Green Shipping With LNG

Strict new regulations on shipping fuel are driving shipowners to utilize liquefied natural gas (LNG) as a greener option, and ports such as Gibraltar are preparing to launch upgraded refueling facilities in response to...

US to Overtake Russia as World’s Top Oil Producer by 2019, and Become a...

Oil Sector is Enjoying the Feast Under the Price Growth As the most important energy source and most traded commodity, oil prices began to revive since late 2017. Over the first month of 2018,...

IEA Clouds Oil Demand Growth As Electric Cars, Clean Energy Develop

Electric vehicles and more efficient use of clean energy will moderate oil demand for transportation by 2040 more than earlier expected, the world, however, may still face a tension in crude supply without enough...

Fears Over Glut to Subdue Oil Prices

The year 2018 wrapped up with a rout in benchmark prices of WTI and Brent. The downside risk haunts despite a pledge from the OPEC countries to cut output in 2019. Growing caution among investors...

China Will Accelerate Its “Green Shift”

On March 5, Chinese Premier Li Keqiang delivered government’s work report to the first session of the 13th National People's Congress (NPC). The report outlines the achievements made over the past five years and...

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...

China’s Installed Solar Power Capacity Drops in 2018

China installed just a little more than 43 gigawatts (GW) of solar power generation capacity in 2018, 18 percent less than that recorded a year ago, according to a group in the solar sector,...

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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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...