The growth of the renewable energy industry in the last decade has been remarkable, but these new technologies cannot supply global energy demand.
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UK Prime Minister: “Go Nuclear, Go Large” To Boost Energy Security | OilPrice.comBoris Johnson said the spike in gas prices driven by Russian President Vladimir Putin’s invasion of Ukraine shows why new nuclear generation capacity is needed in the UK.
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World’s Second-Largest Steelmaker Closes European Plant | OilPrice.comThe world’s second-largest steelmaker, ArcelorMittal, is the latest industrial company to announce a plant closure in Europe due to soaring gas and energy prices.
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European Stainless Steel Mills Are Closing Due To Energy Crisis | OilPrice.comStainless steel mills across Europe are closing down due to the ongoing energy crisis, adding to current supply woes
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U.S. Rig Count Slips Amid Retreat In Crude Prices | OilPrice.comThe number of total active drilling rigs in the United States dropped by 5 this week, according to new data from Baker Hughes published on Friday.
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Oil Rises 3% Ahead Of OPEC+ Meeting | OilPrice.comOil prices jumped 3% ahead of the OPEC+ meeting on Monday, expectations are that the group will keep production quotas unchanged
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OPEC+ Cuts Production Despite Resistance From Russia | OilPrice.comThe OPEC+ meeting on Monday endorsed a decision to cut the collective oil production target by 100,000 barrels per day (bpd) for October, despite Russia reportedly resisting such a move.
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