The probability is very low that President Trump will be able to arm-wrestle Muhammed bin Salman of Saudi Arabia to produce more oil. That’s what Bjarne Schieldrop, chief commodities analyst at Skandinaviska […]
Oil Prices Under Pressure as Trump Pressures OPEC to Boost Production
Oil Prices Under Pressure After Trump Calls on OPEC to Boost Production Crude oil prices faced significant downward pressure this week, driven by President Donald Trump’s direct call for lower oil prices […]
Solar Energy Outshines Coal in EU’s Energy Mix for the First Time
A new report shows that the European Union just passed a major milestone in its journey toward decarbonization. For the first time, in 2024, the share of electricity generated from solar power […]
New Solar Plants Expected to Support Most U.S. Electric Generation Growth
In our latest Short-Term Energy Outlook (STEO), we expect that U.S. renewable capacity additions—especially solar—will continue to drive the growth of U.S. power generation over the next two years. We expect U.S. utilities and […]
Bill Gates’ TerraPower Has Deal to Use Nuclear Power for Data Centers
TerraPower, the nuclear energy company founded by former Microsoft CEO and co-founder Bill Gates, announced it has a memorandum of understanding with a major U.S. data center developer to deploy […] The […]
Critical Minerals Boom Drives Mining Sector Consolidation
It seems like the mining sector is following in the footsteps of oil and gas with the era of the megamerger in full swing. There is great speculation about the potential merger […]
Coal Continues to Dominate China’s Energy Landscape
Coal is still king in China despite the renewables boom with record additions of solar and wind power generation. Thermal power generation, which is overwhelmingly dominated by coal, rose by 1.5% in […]
Forecast wholesale power prices and retail electricity prices rise modestly in 2025
In our January Short-Term Energy Outlook (STEO), we expect that U.S. wholesale power prices will average slightly higher in 2025 in most U.S. regions than last year, except in Texas and in […]
The AMOC is slowing, it’s stable, it’s slowing, no, yes, …
There’s been a bit of media whiplash on the issue of AMOC slowing lately – ranging from the AMOC being “on the brink of collapse” to it being “more stable than previously […]
Solar PV overtakes coal in EU power sector
Chris Rosslowe, senior analyst and lead author of the report, said: “At the start of the European Green Deal in 2019, few thought the EU’s energy transition could be where it is […]