Author: intent

Iberdrola to Power Renfe through Onshore Wind

“With this agreement with Renfe, we can highlight electrification without emissions in transport, which is responsible for more than a third of all energy consumed in our country. Partnerships such as this one are essential to support the development of a renewable electricity mix. The PPAs, through their different modalities, are a key tool for customers who want to secure renewable energy at a fixed, long-term price”, David Martínez, director for clients in Spain at Iberdrola, said in a media release.

China Cuts Coal Imports on Oversupply

Record-high domestic coal production and weaker coal-fired power generation in China have resulted in declining demand for thermal coal imports into the world’s biggest coal market, with the trend emerging earlier this year, after imports topped 500 million tons in 2024. The Chinese state central planner, meanwhile, has mandated a 10% increase in coal stockpiles for power generators.

Iran cannot unilaterally shut Strait of Hormuz – NPA boss

“And so what is going to happen is that Oman is not going to allow for a unilateral decision to just close that end completely again, like I pointed out, the Chinese had a lot of interest in terms of movements of goods and other services, or, eh, movements of goods more or less to the Chinese and other South Asian countries. And so they also have an interest in ensuring that the passage is not closed,” he said during a discussion on TV3 on Monday, June 23.

Indonesia’s Honorary Consul engages Ghana’s Petroleum Commission to strengthen bilateral energy collaboration

Indonesia, with a population exceeding 280 million and comprising approximately 17,024 islands, is renowned for its robust oil and gas industry and is the fourth most populous country globally. The nation’s expertise and resources present valuable opportunities for collaboration with Ghana in the energy sector.

Oil Market on Edge Waiting for What Iran Will Do

That’s what Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB), said in an oil report sent to Rigzone by the SEB team on Monday. In the report, Schieldrop highlighted that Brent crossed the $80 per barrel line this morning but noted that it “quickly fell back, assigning limited probability for Iran choosing to close the Strait of Hormuz”.