The new BP Statistical Review of World Energy was published this week. It’s worth a look:  a treasure trove of energy data, published annually since 1952. (Full disclosure:  I led the production of the Review for a dozen years…)

The Review has comprehensive global coverage of every energy form as well as key minerals—demand, supply, trade, prices. The focus of the Review this year is, rightly, global energy demand and CO2 emissions—both of which increased last year, albeit at below-average rates.

Shock Finding: China Is The World’s Biggest Energy Producer | Devamı>>>

Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer of oil, though it could cut imports if it stopped adding to inventory (storage). China has stored so much oil over that half a decade, that it could practically halt all oil imports and get by just fine for a while.

How Russian and Saudi Oil Ties to China | Devamı>>>

The Renewable Energy Project Development Office has prequalified 49 developers for the tender. Four large-scale solar projects will be built via the procurement exercise.

Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has published a list of the prequalified bidders for the 1.2 GW solar tender it launched in late January.

The list features 49 bidders, including some of the most prominent players in the global solar industry.

‘Saudi Arabia’ Reveals Prequalified Bidders for 1.2 GW PV Tender | Devamı>>>

Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse as producers around the world steel themselves for an unexpected glut of oil in coming weeks.

Oil Prices Crude Posts Biggest Weekly Losses Since 2008 | Devamı>>>

Oil prices are down nearly 50% for the year after OPEC+ talks collapsed and Saudi Arabia announced slashed prices in an apparent price war with Russia.

Oil prices fell through the floor in early trading Monday, tanking as much as 30% after Saudi Arabia slashed its crude prices for buyers. The kingdom is reportedly preparing to open the taps in an apparent retaliation for Russia’s unwillingness to cut its own output.

Oil Nose-Dives as Saudi Arabia and Russia Set Off ‘Scorched Earth’ Price War | Devamı>>>

Oil prices fell through the floor in early trading Monday, tanking as much as 30% after Saudi Arabia slashed its crude prices for buyers. The kingdom is reportedly preparing to open the taps in an apparent retaliation for Russia’s unwillingness to cut its own output.

“This has turned into a scorched Earth approach by Saudi Arabia, in particular, to deal with the problem of chronic overproduction,” John Kilduff, founding partner of Again Capital, told CNBC.

Oil Nosedives as Saudi Arabia and Russia Set Off ‘Scorched Earth’ Price War | Devamı>>>

Alexander Voronkov

SAUDI ARABIA’s adoption of the Vision 2030 strategy, whose goal is to reduce dependence on fossil fuels, was one of the boldest attempts by any Middle East nation to move towards a low-carbon economy, and, with its ambitious plans to build nearly 20 GWe of nuclear capacities in the coming decades. It is clear that nuclear power is to be a major part of bringing Vision 2030 to life.

Middle East: Nuclear Power’s New Horizon | Devamı>>>