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Energy
China’s oil consumption plunges as power demand soars
Slower consumption in China led OPEC to lower global oil demand growth estimates this week.
EBRD funds €25.1m solar project in Bosnia, Herzegovina
The European Bank for Reconstruction and Development (EBRD) has provided a €25.1 million loan to Elektroprivreda…
Islamic bank support for Egypt’s energy sector stands at $2.02b in 10yrs
The Islamic Development Bank (IsDB) supported multiple energy projects in Egypt, resulting in a 14 per cent rise in…
Germany’s EON invests €2.9b in H1 to enhance power grids
The German utility AEON SE significantly increased its investments by over 20 per cent in the first half of 2024,…
India’s Adani to supply power to Bangladesh
Adani Power’s coal-fired power plant in Jharkhand, originally contracted to exclusively supply 1,600 megawatts (MW)…
Global oil demand up in Q2 ’24 – IEA
Global oil demand rose by 870,000 barrels per day (kb/d) in the second quarter of 2024, according to the…
Intl. study backs feasibility of Black Sea energy project
The Black Sea Energy project, which aims to lay a submarine cable to supply green energy to Europe, has been found…
Egypt forms advisory committee to boost oilfield production
Egyptian Petroleum and Mineral Resources Minister Karim Badawi has initiated the formation of a new consulting…
URGENT: OPEC+ lowers ’24 oil demand forecast
OPEC+ has revised its oil demand forecast for 2024, lowering it by 135 thousand barrels per day (tb/d) to 2.1…
ADNOC Gas record 21% profit increase YoY in Q2
ADNOC Gas plc reported strong financial results for the second quarter of 2024, with an adjusted net income of…