Jalan Resta,CEO of Rystad,a Norwegian energy consulting firm,said that last year was a crucial year for the energy market,with rapid expansion of renewable energy capacity,catching up with global electricity demand growth for the first time.There may be more turning points in energy transformation this year,and the impact will continue into the second half of the

Industry association WindEurope stated in a new report on Wednesday that due to increased investment and accelerated licensing,if the EU further accelerates capacity construction,it may have the opportunity to achieve its 2030 wind power installation target. WindEurope stated that Europe installed 18.3 GW of new wind capacity in 2023,with 16.2 GW installed in the 27

On the 21st,it was learned from CNOOC Tianjin Branch that the daily crude oil production of the oilfield group in the western Bohai region of China exceeded 10000 tons,reaching a historic high. It is understood that the oil field cluster in the western region of Bohai Sea is located in the central and western waters

The International Energy Agency(IEA)predicts in its recent oil market report that global oil demand growth will halve,from 2.3 million barrels per day in 2023 to 1.2 million barrels per day this year.The GDP growth of major economies is lower than expected,and the improvement of energy efficiency and electrification of vehicles have suppressed oil demand. The

According to the announcement of the China National Intellectual Property Administration,BYD Co.,Ltd.has obtained a patent entitled”Electrolyser End Plate,Electrolyser and Hydrogen Production Equipment”,which means that BYD further cuts into the hydrogen energy field from the upstream hydrogen production link and is laying out and exploring the hydrogen energy technology route. As of December 31,2023,a total of

On Wednesday local time,OPEC stated in its monthly oil market report that it will maintain its forecast for global oil demand growth in 2024,with a daily increase of 2.25 million barrels.The organization believes that,driven by global economic recovery,global oil demand will continue to grow strongly in 2025. OPEC predicts that global oil demand will increase

The US Energy Information Agency(EIA)predicts that the global crude oil demand growth rate in 2024 will increase by 50000 barrels per day to 1.39 million barrels per day,compared to the previous expectation of 1.34 million barrels per day;It is expected that global oil demand will reach 103.67 million barrels per day in 2025,an increase of

Currently,the construction of China’s electricity market is steadily advancing and developing in a standardized manner,achieving significant results.However,as the market size gradually expands,it also faces some challenges.For example,how to better adapt to the diversification and green transformation of power structure,how to further leverage the role of the market in the power system,and so on. An important

The global industry is increasingly valuing carbon capture and storage(CCS)projects,and related technologies are considered key to reducing high pollution emissions without reducing production.Many countries are currently increasing the deployment of related projects,striving to guide investment and industrial development transformation. Canada signed its first agreement to support future carbon prices last week,which will help bring price

Recently,the 2023 China Ecological Environment Industry Summit and Environmental Listed Company Summit,hosted by the Environmental Chamber of Commerce of the All China Federation of Industry and Commerce and co organized by the Huzhou City Federation of Industry and Commerce and the Huzhou City Group,opened in Huzhou,Zhejiang.Guests from the government,universities,research institutes,environmental enterprises,investment and financing institutions,and other