Latest news and articles about energy economy from NEX English
Despite the announced ceasefire between the United States and Iran, energy prices in Europe may remain elevated for an extended period. This is due to ongoing impacts on energy supplies that the region heavily relies on.
Recent reports have announced new discoveries in the field of oil shale, opening new horizons for sustainable energy. These findings could help reduce reliance on traditional energy sources.
TotalEnergies, the French oil giant, has reported exceptional profits from its oil operations, capitalizing on political tensions that led to the closure of the Strait of Hormuz. This situation raises questions about its impact on global oil markets.
Reports indicate a significant rise in consumer interest in electric vehicles since the onset of the crisis in Iran, as drivers consider abandoning traditional cars. This shift is occurring against the backdrop of rising oil and gas prices, highlighting the world's reliance on fragile energy trade routes.
Solar energy is experiencing unprecedented growth, becoming the cheapest source of energy worldwide, surpassing coal and gas. Predictions indicate that solar energy will meet over 20% of global energy needs by 2030.
Small and medium-sized business owners in Indonesia report that electric cooking stoves reduce operating costs and enhance efficiency. This shift comes as global energy prices rise, making the transition to electric cooking an attractive option.
The Iranian war has entered its fourth week, coinciding with a de facto closure of the Strait of Hormuz, intensifying pressures on the U.S. and energy-importing nations. Iran threatens to strike regional infrastructure should Trump follow through on his threats.