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The United Kingdom Takes a Step Toward Its Energy Future with a £20 Million Investment in Fusion Energy
The United Kingdom has taken a step toward its energy future by investing £20 million in the development of fusion energy – a technology that promises an almost unlimited source of clean and safe energy. This investment comes through the…
India Builds the World’s Longest Oil Pipeline
India is set to achieve a new world record in the energy sector with the construction of the world’s longest liquefied petroleum gas (LPG) pipeline. The project is in its final stages, and officials have announced that the entire system…
German state approves gas drilling project in North Sea
The controversial extraction of natural gas in the North Sea near the German island of Borkum is moving closer to becoming a reality after a responsible authority gave its approval. The Office for Mining, Energy and Geology (LBEG) in the…
Oil Demand Growing at a Slower Pace as Post-Covid Rebound Runs its Course
Global oil demand growoilth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 – bringing a peak in consumption into view this…
The oil and gas industry faces a moment of truth and an opportunity to adapt
Oil and gas producers face pivotal choices about their role in the global energy system amid a worsening climate crisis fuelled in large part by their core products, according to a major new special report from the IEA that shows…
IEA: Growth in global oil demand is set to slow significantly by 2028
Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy…
Fuel Price, Excise, Strategic Reserves of Oil and Petroleum Products – What Do We Know About It?
Fuel prices plummeted again in February, causing concern in the local market, especially after additional forecasts that the cost of crude oil will continue to rise. Although it is impossible to stay immune to the changes happening in the global…