Europe will add 260GW of wind power installed capacity
Friday, 01 March 2024
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
Record breaking crude oil in the western Bohai oilfield group in China
Friday, 23 February 2024
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
China will continue to lead the growth of oil demand
Wednesday, 31 January 2024
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
Green hydrogen projects are expected to start intensively
Thursday, 25 January 2024
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
OPEC maintains its global oil demand forecast for this year
Thursday, 18 January 2024
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
EIA raises expectations for crude oil demand growth rate
Wednesday, 10 January 2024
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
Building a diversified clean energy supply system in China
Thursday, 04 January 2024
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
Multiple countries are increasing their deployment of energy projects
Wednesday, 27 December 2023
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
Renewable energy generation is expected to exceed 3 trillion kilowatt hours
Tuesday, 19 December 2023
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
Next year, there will be a severe shortage of global oil supply
Thursday, 14 December 2023
International crude oil prices have been continuously falling recently,but the Organization of the Petroleum Exporting Countries(OPEC)remains cautious and optimistic about the future market fundamentals. On December 13th,OPEC released the December Global Oil Demand Report.The report shows that OPEC will maintain the global oil demand growth rate at 2.5 million barrels per day in 2023,with an