Monday, 12 May 2025

International

ElectricityNewsWind

Offshore wind in Sweden needs support, government body says

99.5% of offshore wind farms built in the last decade in northern Europe have needed some kind of state support.

FILE PHOTO: Trafigura logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Critical MineralsFuelMineralsNewsOil

Trafigura net profit, equity drops after Mongolia fraud

As its earnings fall, the Geneva-based firm faces possible fines as a result of a corruption trial in Switzerland.

FILE PHOTO: Steam rises during a test from a well at the Coso geothermal field at the China Lake Naval Air Weapons Station in China Lake, California July 31, 2008. Picture taken July 31, 2008.  REUTERS/Fred Prouser/File Photo
BusinessElectricityFuelGeothermalNatural GasNewsOil

Shale drilling techniques could lead to a geothermal surge, IEA says

Geothermal is suited to providing the massive amounts of stable energy data centres require, according the the head of the IEA.

FILE PHOTO: New cars, among them China-built electric vehicles of the company Xpeng, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
Electric Vehicles (EVs)NewsTransport

Global EV sales hit third consecutive record high

China continued to lead sales growth, accounting for almost 70% of total EV sales in November.

South African Minister of International Relations and Cooperation, Ronald Lamola, right, and the Secretary General of the United Nations, Antonio Guterres, left, talk during their meeting in Pretoria, South Africa. Wednesday, Dec. 11, 2024. (AP Photo/Shiraaz Mohamed)
ClimateClimate FinanceEmissionsEnvironmentNewsPoliticsUnited Nations

In Lesotho, UN chief Guterres urges rich nations to meet new commitments on climate finance

UN chief António Guterres urged rich nations to meet climate finance pledges and called for Africa's permanent seats on the Security Council.

FILE PHOTO: An employee fills the tank of a car with petrol at a gas station in Shanghai February 7, 2012.  REUTERS/Aly Song/File Photo
BusinessFuelNewsOil

Global diesel prices to rely on refinery closures for support in 2025

About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.

FILE PHOTO: People walk near a Baidu logo at the company headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Baidu, Geely’s EV venture faces uproar after it says needs fresh funds

A bruising price war in China, the world's largest auto market, has hurt some smaller automakers.

Jeff Gustavson, President of Chevron New Energies, speaks during the Reuters NEXT conference, in New York City, New York, U.S., December 11, 2024. REUTERS/Brendan McDermid
BusinessCarbon ManagementElectricityNatural GasNewsOil

Big oil eyes powering big tech’s data center demand

This comes after Exxon Mobil said it is adding carbon-capture to natural gas-fired power plants supplying data centers.

AnalysisElectricityIntertiesOpinionPoliticsRegulationsReportsSolarStorageTransmissionUtilitiesWind

How to successfully integrate solar and wind into electricity grids — anywhere

What Alberta and the world can learn from six global leaders in renewable energy integration on how to fit wind and solar power...

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessNewsOil

OPEC again cuts 2024, 2025 oil demand growth forecasts

OPEC's forecast on global oil demand marks its fifth consecutive downward revision in its monthly report.