energytradetoday

  • Energy

    Iraq does not expect OPEC+ to make further cuts at June meeting

    Energy 12 May 2023, 4:28 pm 1 minute In an exclusive interview with Reuters, Iraq’s oil minister Hayan Abdel-Ghani said they do not expect OPEC+ to make further cuts to oil output at its next meeting in June, the first indication from an OPEC minister about a potential decision as oil prices slide. Market Impact Brent crude futures were at…

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  • Renewable

    Will Tesla’s Cybertruck Be As Popular As The Model Y?

    Production of the Tesla Cybertruck is on its way, and with the Model Y surpassing an important sales milestone in the first quarter, becoming the best selling car in the world, some wonder if the futuristic truck could reach similar highs. As experts debate whether the Cybertruck will reach meteoric sales levels or simply be a niche product, one analyst…

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  • Energy

    G7 leaders to target Russian energy, trade in new sanctions steps

    Energy 14 May 2023, 4:26 pm 1 minute Reuters exclusively reported that leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort. Market Impact The G7 leaders’ action on Russia comes as Ukraine’s Western allies hunt for new…

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  • Renewable

    Norway Still Addicted To Tesla

    Growth continued for the Norwegian plugin EV market in May 2023, as combined plugin share hit almost 90%, up from 85% a year ago. Full electrics alone took almost 81% share, grabbing 7.5% more of the remaining market than last year. The overall auto market saw volumes of 13.342 units, up almost 16% YoY, and higher than May 2019. The…

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  • Energy

    QatarEnergy to sign long-term LNG supply deal with Bangladesh

    Energy 30 May 2023, 5:58 pm 1 minute Reuters exclusively revealed that QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually. Market Impact Qatar…

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  • Renewable

    Gotion High-Tech Signs MOU for Big Battery Factory in Morocco

    The Morocco Agency for Investments and Exports announced this week that Morocco has signed a Memorandum of Understanding (MOU) with Gotion High-Tech for the development and establishment of an industrial ecosystem for the production of batteries for electric vehicles as well as for stationary storage applications. The Head of Government, Aziz Akhannouch, presided over the signing ceremony of the MOU.…

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  • Energy

    UN tries to save Black Sea grain deal with ‘mutually beneficial’ proposal

    Economy 31 May 2023, 5:28 pm 1 minute Sources exclusively revealed to Reuters that The U.N. has proposed that Kyiv, Moscow and Ankara start preparatory work for the transit of Russian ammonia through Ukraine as it tries to salvage a deal allowing safe Black Sea grain exports.     Market Impact The U.N. and Turkey brokered the Black Sea Grain Initiative between…

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  • Renewable

    Redflow Will Supply 20 MWh Flow Battery Storage System In California

    Unbeknownst to many, there are other ways of storing electricity than lithium-ion batteries. Redflow has been designing and building zinc bromine flow batteries for almost a decade and has just landed one of its largest orders ever. Building on the success of a 2 MWh flow battery system it installed in California over a year ago, the company has now…

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  • Energy

    Congo to hike stake in copper, cobalt venture with China 

    24 May 2023, 5:03 pm 1 minute Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. Market Impact An ad hoc commission created in…

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  • Renewable

    How Low (And How Green) Can Solar Cells Go

    The economic case for fossil energy is teetering on the edge of collapse, and the German company NexWafe GmbH is about to give it one final shove into the abyss. NexWafe is building a new factory that will send new low-cost silicon wafers flying into the solar cell market. To gild the green lily, part of the cost savings involves…

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