OPEC (Organization of the Petroleum Exporting Countries) is adjusting its forecast for world oil demand in 2024 slightly downwards, due to economic uncertainties in China, the main driver of global consumption.
OPEC (Organization of the Petroleum Exporting Countries) is adjusting its forecast for world oil demand in 2024 slightly downwards, due to economic uncertainties in China, the main driver of global consumption.
Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.
Global overcapacity in the petrochemicals sector, exacerbated by Chinese expansion and energy costs in Europe, is forcing companies to undertake drastic restructuring, including plant closures and strategic consolidations.
Spot LNG prices in Asia are at their highest level for seven months, driven by tensions over Russian supplies and rising demand amid extreme weather conditions.
Spot LNG prices in Asia are at their highest level for seven months, driven by tensions over Russian supplies and rising demand amid extreme weather conditions.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
In July, OPEC+ produced 437,000 barrels per day in excess of quotas, jeopardizing reduction plans and exacerbating the challenges facing an oil market already under pressure.
The global market for battery energy storage systems (BESS) is becoming increasingly competitive.Tesla takes the lead in the battery energy storage systems (BESS) market with a 15% market share in 2023, according to the latest report from Wood Mackenzie.
The global market for battery energy storage systems (BESS) is becoming increasingly competitive.Tesla takes the lead in the battery energy storage systems (BESS) market with a 15% market share in 2023, according to the latest report from Wood Mackenzie.
SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.
SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.
Siemens Energy improves its cash flow forecast thanks to increased demand for its power grid equipment and gas turbines, despite challenges in its wind power division.
Siemens Energy improves its cash flow forecast thanks to increased demand for its power grid equipment and gas turbines, despite challenges in its wind power division.
