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...

California Becomes First State to Require Solar Panels on New Houses

California is requiring solar panels on all new houses. The regulation will go into place after Jan. 1, 2020 and is an important part of the state’s determined effects to cut greenhouse gas emissions. But...

US Expected to Dominate Global Natural Gas Markets

Recently, BP released its latest Energy Outlook, pointing out that by 2023 the US will be self-sufficient in energy and continue to lead global gas production. Except this, the report also adds to the...

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,...

Australia is Using up its Oil Reserves on back of Syria Air Strikes

The coalition missile strike on Syria on late April 14 seemed to verify market anxieties on recurring instability in the Middle East, which have triggered oil price increase and futures during the past week....

Oil Supply from OPEC Rivals Surges

OPEC raised its forecast for oil supply from non-member countries this year as higher prices spur U.S. shale drilling, offsetting an OPEC-led deal to cut a glut of crude supply and a sharp decrease in Venezuelan production. In a monthly oil market...

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...

Blockchain Could Turn the Oil Industry on its Head

In such a globally connected economy, the reach of blockchain tech will be wide and promising, possibly disrupting any industry. Part of the oil industry has already integrated blockchain into the sector that is...

Would UK’s Natural Gas be the Next Victim of Carbon Tax?

Natural gas is a major energy source of UK, which covered 40% of UK energy generation in 2016.It mainly used for generating power, providing heat or feedstock. With the emerging of various new 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...