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Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says
As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…
Filip De Mott
Global electricity demand is forecast to grow by around 4% in 2024
The world's demand for electricity is rising at its fastest rate in years, driven by robust economi…
ANI
Exxon says oil and gas will still be the dominant sources of energy by 2050
Exxon says oil and gas use will remain high until the middle of this century, as the world populati…
Kelly Cloonan
OPEC+ extends major oil production cuts until 2025 to stabilise market
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …
ANI
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA
India, the world's third biggest oil importer and consumer, will in the second half of the decade b…
PTI
From nuclear energy to AI to hosting the Olympics: Here are the key takeaways from PM Modi’s visit to the US
With a packed agenda that included meetings with business leaders, participation in the Quad Summit…
India well-positioned to achieve 500 GW of renewable energy by 2030 as it progresses towards energy transition goals
In the first quarter, a record 26 GW of renewable projects were awarded through competitive tenders…
ANI
Founder of new commodities exchange explains how it can fuel the green energy transition
The founder of Abaxx, a new exchange for climate-friendly commodities, is hoping to bring stability…
Lakshmi Varanasi
Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions
Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…
Yuheng Zhan
What were some of the initial controversies and concerns surrounding the ongoing Dubai COP28 climate summit?
World leaders have once again, for the 28th time, congregated to discuss climate change — this time…
Oil's resilience: Defying decline amidst electric vehicle surge, global demand hits record highs
According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchas…
ANI
"Design in India, Design for the World": PM Modi coins phrase from Red Fort to put thrust on indigenous design capabilities
The prime minister has pitched a new idea, "Design in India, Design for the World". Coining this ne…
ANI
G20 Summit: PM Modi announces launch of Global Biofuel Alliance
India on Saturday announced the launch of the Global Biofuel Alliance and urged G20 nations to join…
PTI
Sweaty, desperate, and sad: Big Tech is giving off divorced dad energy
Big Tech companies like Google, Microsoft, Apple, and Amazon are clinging to a bygone era, failing …
Ed Zitron
The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…
Jennifer Sor
Adani group stocks zoom ahead on twin-engines
Adani group stocks have been on fire for the last couple of trading sessions as back-to-back good n…
Stock market today: US stocks close at record highs after encouraging May inflation and Fed commentary
The S&P 500 closed above 5,400 for the first time as traders took in upbeat inflation data and mess…
Jennifer Sor
G7 warns "severe costs" against countries aiding Russian war in Ukraine
The statement said, "There can be no impunity for war crimes and other atrocities such as Russia's …
ANI
Global fossil fuel demand is likely to peak this decade as the clean energy economy grows, IEA says
The clean energy sector has struggled recently, but remains "the most dynamic aspect of global ener…