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Energy
OPEC Meeting in Vienna Last Weekend
In December, OPEC’s production fell by 220,900 barrels a day to 33.085 million barrels a day, with the biggest drops coming from Saudi Arabia and Nigeria, according to secondary source data in the group’s monthly report published on 18 January.…
Phase 3 of World’s Largest Solar Park Slated to Begin this Month
Work on the world’s largest solar park is set to move forward this month. Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai will add 800 megawatts (MW) of clean energy to the enormous solar park.…
Hawaii Bill Calls for 100% Green Transportation by 2045
Hawaii lawmakers want the state’s ground transportation to run entirely on renewables by 2045. As a majority of their imported fossil fuels go towards transportation, if every car on the road was instead powered by clean electricity, it could make…
Bulgaria and Serbia Signed Memorandum of Understanding on Gas Interconnector
Bulgarian outgoing Minister of Energy Temenuzhka Petkova and her Serbian counterpart – Minister of Energy and Mining Aleksandar Antić, inked a Memorandum of Understanding on the project for construction of a gas interconnector between Bulgaria and Serbia, FOCUS New Agency…
A Six Month Probation?
The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the…
Green Light for Wyoming Giant
The US has given the green light to the Power Company of Wyoming’s (PWC) 1.5GW Chokecherry Sierra Madre wind farm, the first part of a two-phase 3GW development. The Federal Bureau of Land Management has issued environmental approval for the…
The OPEC Monthly Oil Market Report
The OPEC Monthly Oil Market Report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends…