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2 mins read

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   


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3 mins read

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   


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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   


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2 mins read

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   


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1 min read

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   


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3 mins read

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   


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5 mins read

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…

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2 mins read

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   


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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   


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1 min read

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   


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4 mins read

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…

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2 mins read

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   


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3 mins read

"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   


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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   


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10 mins read

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   


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2 mins read

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   


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4 mins read

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…

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2 mins read

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   


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3 mins read

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   


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2 mins read

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…

Aruni Soni