Energy


Price of crude oil gushes to highest level in years

New York oil rose to almost a seven-year pinnacle yesterday after OPEC+ crude producers failed to agree on lifting output despite demand soaring along with the global economic recovery, sparking fresh...

July 7, 2021, Wednesday


China Aramaco’s focus at least 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the...

March 22, 2021, Monday


UK National Grid to buy unit of PPL

National Grid will buy England’s largest electricity distribution business WPD from US-based PPL for 7.8 billion pounds (US$10.9 billion) as it positions itself for a climate-driven transition from gas...

March 19, 2021, Friday


Oil prices surge after Saudi site strikes

Oil prices pressed higher yesterday after strikes on major oil facilities in Saudi Arabia, the world’s largest oil exporter, shook energy markets already rattled by a decision by oil producers last week...

March 9, 2021, Tuesday


Coal mine numbers to fall further

China’s annual coal output will stand at no higher than 4.1 billion tons by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tons in 2020,...

March 4, 2021, Thursday


Gasoline, diesel prices go up today

China will raise the retail prices of gasoline and diesel from today, the country’s top economic planner said yesterday....

March 4, 2021, Thursday


Power use rises 9.4% in November

China’s electricity consumption, a key barometer of economic activity, rose 9.4 percent year on year in November, signaling the sound momentum of its economic recovery, data from the National Energy Administration...

December 21, 2020, Monday


Gasoline, diesel gets costlier

China will raise the retail prices of gasoline and diesel from today, the top economic planner said yesterday....

December 18, 2020, Friday


Britain, French firm in N-plant talks

Britain said yesterday it will hold talks with French energy giant EDF concerning the construction of a nuclear power plant on England’s east coast, in a project reportedly worth 20 billion pounds (US$26.4...

December 15, 2020, Tuesday


Saudi Aramco third-quarter profit slides as virus stifles oil demand

Energy giant Saudi Aramco yesterday posted a 44.6 percent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand for crude oil....

November 4, 2020, Wednesday




 

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