Tag:
energy news
Energy News
OPEC cut its 2025 global oil demand growth forecast
OPEC cut its 2025 global oil demand growth forecast for the first time since December, citing Q1 data and U.S. trade tariffs.
Oil demand is...
Energy News
Highlights of IEA report on Energy and AI
The IEA released a major new report titled Energy and AI, providing comprehensive data and analysis on AI’s impact on the energy sector.
Global electricity...
Energy News
Utilities struggle to meet power demands from AI data centers
U.S. electric utilities are seeing an unprecedented surge in power requests driven by Big Tech’s scramble to build new data centers to support AI...
Energy News
Ember’s views on Drax receiving £869 mn in public subsidies for biomass burning
Energy company Drax received £869 million in public subsidies in 2024 for burning imported forest biomass, according to a new analysis by Ember. This...
Energy News
TotalEnergies to expand Northern Lights project
TotalEnergies, along with its partners Equinor and Shell, has announced the Final Investment Decision (FID) for the second phase of the Northern Lights development....
Energy News
Ember’s views on 18% rise in Russian gas imports to Europe in 2024
Russian gas imports to the EU increased by 18 percent in 2024, despite the bloc's commitment to phasing out Russian energy by 2027.
This rise...
Energy News
OPEC+ to proceed with planned April oil output increase
OPEC+ has decided to proceed with a planned April oil output increase, the group announced on Monday, Reuters news report said.
This decision comes after...
Energy News
Chevron announces structural changes to business segments
Chevron is undergoing a major reorganization aimed at simplifying its operations, improving efficiency, and addressing financial challenges.
The company has announced structural changes to its...