BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International...
Tag : energy transition
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber,...
The global market for key energy technologies is projected to reach $2.1 trillion by 2035, led by electric vehicles and renewables....
Global renewable capacity surged to 4,448 GW in 2024, with solar and wind leading 96.6% of additions, says IRENA....
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually....
BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing market challenges and profit pressures....
In 2024, Germany shifted from a net electricity exporter to importer, driven by rising demand, fossil fuel reductions, and nuclear phase-out, highlighting energy transition challenges....
IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects....
UAE's Masdar finalizes £11 billion investment in UK's offshore wind farm, bolstering global green energy initiatives....
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10 billion by 2025. This commitment was confirmed by Meskerem Brhane,...