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IEA releases Oil Market Report for July

Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, the newly released IEA…

Norway to ‘Completely Ban all Petrol Powered Cars by 2025’

Norway will ban the sale of all fossil fuel-based cars in the next decade, continuing its trend towards becoming one of the most ecologically progressive countries on the planet, according to reports. Politicians from both sides of the political spectrum have reportedly reached some concrete…

ABB Electric Propulsion System

ABB today announced the total fuel savings of the entire installed Azipod fleet since being launched is estimated to be more than 700,000 tons. Assuming the average family car uses one ton of fuel annually, this savings corresponds to the…

Turkey hits historic gas consumption record in January

Turkey’s monthly natural gas consumption reached a historic record high at 5.78 billion cubic meters (bcm) in January 2016, according to data from Turkish Energy Watchdog. In January 2016, 5.78 bcm of natural gas was consumed, Turkish Energy Market Regulatory…

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