“While past efforts have focused on sectors like electric vehicles and infrastructure, there are expectations that China may shift toward policies to boost consumer spending,” said Li Xing Gan, financial markets strategist consultant to Exness.
Russia halted gas supplies to Austria’s OMV (OMVV.VI), opens new tab in mid-November amid a contractual dispute and legal wranglings related to interrupted gas supplies in 2022.
Despite the stoppage, overall Russian gas exports via Ukraine, which account for just under half of Moscow’s total gas flows to the continent, have remained stable as other buyers stepped in.
Expectations for a weaker dollar in 2025-2026 are being gradually reconsidered as Donald Trump’s re-election and the prospect of stronger-than-expected US economic performance improved the outlook of the greenback.
Cuba has increasingly been falling into an energy crisis, which has plunged its citizens into darkness with uncertainty over the future of the country’s energy security. The most recent crisis commenced on the 17th of October when non-essential workers were ordered to go home to help reduce the demand for power. However, this attempt failed and one of Cuba’s main power stations, Antonio Guiteras, shut down, alongside several other facilities.
The new President has long made his dislike well known — privately and/or publicly — of the OPEC organisation, of several Saudi Arabian policies, and of China’s increased influence over both. In Saudi Arabia’s case, this effectively stems from the breaking of the core agreement made between it and the U.S. on 14 February 1945 between the then-U.S. President, Franklin D. Roosevelt, and the then-Saudi King, Abdulaziz bin Abdul Rahman Al Saud.
Carbon could become a trillion-dollar asset class by the middle of the next decade, as governments and companies increasingly turn to market mechanisms to control greenhouse gas emissions (GHGs).
Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye has warned that the incoming Mahama administration will not have the luxury of a “honeymoon” due to the pressing challenges confronting the country, particularly in the energy sector.
The UK is stepping into its “renewables future” as low-carbon green generation is set to overtake fossil fuels for the first time this year, according to new analysis, with wind power also teetering on the edge of a historic first.
BP has decided to merge all its offshore wind business into a new joint venture with Japan’s energy firm JERA, to which the companies will provide up to $5.8 billion for investments by 2030, the UK-based supermajor said on Monday as it shifts its focus back on oil and gas.
Since early November, the so-called ‘Dunkelflaute’, German for “dark wind lull”, have often resulted in wind farms in Europe’s biggest economy generating only a fraction of their nameplate capacity, leading to day-ahead electricity prices for peak demand hours to high levels not seen since the peak energy crisis in 2022.