Industrial production in Germany dropped for a second consecutive month in February, official data showed Friday, a showing that increases the likelihood of Europe’s biggest economy having contracted in the Continue Reading
The recent deployment of Russian troops along Ukraine’s border and Moscow’s indication that it could intervene in the event of a full-scale war in eastern Ukraine are dimming hopes for a Continue Reading
The pandemic could continue to impact global oil demand until 2024, while the decarbonization plans in major European economies could arise as a new threat to Russia’s oil industry, according Continue Reading
Denmark-based Everfuel A/S has signed a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. The two parties Continue Reading
The European innovation project Flagships will deploy the world’s first commercial cargo transport vessel operating on hydrogen, plying the river Seine in Paris. Commercial operations are set to commence in Continue Reading
Ukraine’s defence minister said on Saturday his country could be provoked by Russian aggravation of the situation in the conflict area of Ukraine’s eastern Donbass region. The minister, Andrii Taran, Continue Reading
Oil dipped, weighed by a stronger dollar and after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output. West Texas Intermediate futures gave up Continue Reading
Oil closed lower, yet its underlying market structure firmed, as investors assessed the challenges to a global economic recovery. West Texas Intermediate crude futures slipped 0.3% on Thursday after a Continue Reading
A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its Short-Term Continue Reading
Lately, the solar sector has been hogging the renewable energy limelight, and for good reason. Experts such as the International Energy Agency (IEA) have predicted that solar energy will lead Continue Reading
