South Africa’s ‘quiet revolution’ as those with cash go solar

Power crisis drives South Africans to solar PV Cost barrier widens the gap between rich and poor Not selling back to the net a missed opportunity JOHANNESBURG, Aug 15 (Reuters) – Thanks to his solar panels on the roof, Pierre Moureau only notices the blackouts that regularly plunge South Africans into darkness when complaints surface … Read more

China boosts fuel exports in August, but shipments drop to 7-year low in 2022

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, China’s Shandong province, 12 January 2017. Photo taken on January 12, 2017. REUTERS/Chen Aizhu/File Photo Register now for FREE unlimited access to Register Shipments of diesel, petrol and jet fuel drop by 30%-40% from 2021 August diesel exports to top 1 million … Read more

Kazakh oil flows through Turkey instead of Russia

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. [Mariya Gordeyeva/Reuters] Kazakh state oil company Kazmunaygas (KMG) is reportedly in advanced talks with the trading arm of Azerbaijani state-owned company SOCAR to sell 1.5 million tons of Kazakh crude oil per … Read more

US says India hid Russian origin of fuel shipped to US, India’s central banker says

Reserve Bank of India (RBI) deputy governor Michael Debabrata Patra arrives at a press conference following a monetary policy review in Mumbai, India Feb. 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Register NEW DELHI, Aug. 13 (Reuters) – The United States has expressed concern to India that it was being … Read more

Opinion: What the Resurgence of Biden’s Climate Agenda Means for Canada

A volunteer holds a sign during a press conference about the climate crisis and the Inflation Reduction Act at the US Capitol in Washington, DC, on Aug. 12.KEVIN LAMARQUE/Reuters Suddenly, Canada is no longer the undisputed leader among North American countries in the fight against climate change. That changed this week with the United States … Read more

EXCLUSIVE PDVSA Pauses Oil-for-Debt Shipments to Europe, Wants Product Swap

An oilfield worker walks past pipelines at PDVSA’s Jose Antonio Anzoategui industrial complex in Anzoategui state, April 15, 2015. REUTERS/Carlos Garcia Rawlins Register now for FREE unlimited access to Register HOUSTON, Aug. 12 (Reuters) – Venezuela has suspended new supplies of crude oil to Europe under an oil-for-debt deal and has asked Italy’s Eni … Read more

Five Chinese SOEs to Leave NYSE Amid Tensions in US

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said Friday they would delist the New York stock exchange. amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec Shanghai … Read more

Britain’s cost of living crisis is worsening as rents and utility bills rise

The Bank of England warned last week that the UK will slip into recession later this year. The expected recession is expected to be the longest since the global financial crisis. Vuk Valcic | SOPA images | Light Rocket | Getty Images A skyrocketing energy price cap and dazzling rents are just two contributing factors … Read more

Germany’s economy faces a €260 billion blow as the energy crisis continues

The German economy will lose more than £220 billion (€260 billion) in value added by the end of the decade, due to the Russian invasion of Ukraine and skyrocketing energy prices – revealing negative effects on the country’s labor market. According to a study by the Institute of Employment Research (IAB), Germany’s price-adjusted gross domestic … Read more

Ukraine halted oil flows to Europe over payment difficulties, Russia’s Transneft . says

The receiving station of the Druzhba oil pipeline between Hungary and Russia is seen at the Danube Refinery of the Hungarian MOL Group in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo/File Photo Register now for FREE unlimited access to Register Ukraine Pipeline Operator Was Paid, But Money Back – Transneft Shipments stopped since 4 … Read more