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Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand
State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end
Birol noted the IEA is actively consulting with governments across Europe and Asia regarding release of additional stockpilesÂ
New price caps save chinese drivers hundreds of dollars per tonne
Plan designed to finance subsidies aiming to curb gasoline pricesÂ
Total U.S. imports of crude oil fell by 498,000 bpd to 6.43 million bpd last week, the lowest in a month
Equity investment funds, valued at 10.89 trillion yuan, were the largest category
Law authorized around a $1 billion investment over five years to modernize natural gas distribution pipes across the U.S
This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters
The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
This target encompasses a range of renewable sources, such as solar, wind, bioenergy, hydropower, and geothermal energyÂ
New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components
The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target
The country's wind and solar exports cut global CO2 emissions by about 810 million tons in 2023
The country is accelerating truck electrification with 30 new policy interventions
New Permian wells delivering high output at 433,000 barrels per day
The project will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore
Exploration and development spending last year saw a 28 percent increase to $93.1 billion
This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile
The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects
However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters
