Tag: Energy Market
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Six Charts That Tell the Story of Venezuela’s Struggling Oil Economy
Introduction: A Oil-Driven Economy in Retrenchment Venezuela’s oil sector has long powered its economy and political life. In recent years, a combination of mismanagement, sanctions, and aging infrastructure has eroded output, debt, and investment. This article uses six key charts to explain the dynamics behind Venezuela’s oil economy struggles and what it implies for the…
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Coal Demand Plateau: What the 2030 Outlook Means for Global Power
Global coal demand nears a plateau Recent analyses from leading energy authorities point to a turning point for coal. The 2025 edition of the IEA’s annual market report suggests that global coal demand is expected to edge down through the rest of the decade. This shift reflects intensified competition from renewables, natural gas, and nuclear…
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Global Coal Demand: A Plateau by 2030, Driven by Competition from Cleaner Power Sources
Overview: A Turning Point for Global Coal Demand The 2025 edition of the IEA’s annual market report signals a notable shift for global coal demand. After years of steady growth in some regions and resilience in others, demand is now forecast to plateau and may even edge lower by the end of the decade. The…
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Renewable Energy Surpasses Coal in Australia in 2025: A Landmark Shift
Australia’s Energy Mix Reaches a Milestone In a striking turn of events reported by The Guardian, renewable electricity usage in Australia overtook power generated from coal for the first time. This milestone marks a fundamental shift in the country’s energy landscape and signals a broader transition toward cleaner energy sources. The September 2025 data show…
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Are Australians Paying $2 Billion to Fund Russia’s War in Ukraine? Here’s What We Know
Fact vs. claim: unpacking the $2 billion assertion In recent discussions about the war in Ukraine, a striking figure has circulated: Australians have allegedly paid $2 billion to help fund Russia’s war effort. As with many geopolitical claims, the truth hinges on how the money flows, what counts as funding, and which sources are being…
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WTI Oil Climbs 1.7% as Geopolitical Shocks Meet a Structural Supply Glut
WTI Oil Edges Higher on Tuesday as Sanctions and Supply Dynamics Collide West Texas Intermediate (WTI) crude rose about 1.7% on Tuesday, extending a volatile run as traders weigh fresh U.S. sanctions on Russian oil against persistent fears of a global supply glut. The day’s moves reflect a delicate balance between geopolitical shocks and the…
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Ofgem: About £240m in unclaimed energy refunds for 2 million customers
Massive Unclaimed Credits: What Ofgem’s Update Means for Consumers Nearly two million energy customers could be owed a share of about £240 million after accounts were closed while still in credit. Ofgem, the energy regulator, revealed new figures showing that a substantial amount of customer credit became stranded when supplier accounts were closed, sometimes leaving…
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Analysis of OMV Petrom: Navigating Oil Price Drops and Production Costs
Introduction The global oil and gas exploration and production sector is currently facing significant challenges. As prices for oil barrels decrease, companies are under immense pressure to manage rising production costs effectively. OMV Petrom, one of the leading players in the Romanian energy market, finds itself navigating these choppy waters. This article provides an in-depth…