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energy policy
China wasted enough clean energy to power the UK for a year
China rejected 360 terawatt-hours of wind and solar power in the first half of 2026, enough to run the United Kingdom or Mexico for more than a year, according to a report by the Centre for Research on Energy and…
ADNOC sells 94M barrels since June as UAE’s post-OPEC oil push accelerates
The United Arab Emirates formally withdrew from OPEC and OPEC+ on May 1, 2026, ending nearly 59 years of membership in the oil producers' cartel and freeing the Gulf state to pursue an aggressive production expansion without quota constraints. In…
China cut oil imports 30% without economic hit, study finds
China, the world's largest oil importer, reduced its net crude oil imports by 30% year-over-year in the second quarter of 2026 — a reduction of 3.5 million barrels per day — without any meaningful decline in economic activity, according to…
EU gas storage falls far behind pace to hit 90% winter target
Europe's gas storage tanks are refilling at one of their slowest paces in 15 years, with levels sitting around 58% of capacity in early August — roughly 15 percentage points below where they would normally be at this point in…
Coal still dominates China’s grid despite record renewable buildout, report finds
China is building more large-scale wind and solar power than the rest of the world combined, but inadequate transmission infrastructure and a continued reliance on coal-fired power are limiting how much of that clean energy actually reaches consumers, according to…
Iran, Russia reach agreement on key terms of gas deal
Iran's Oil Minister Mohsen Paknejad announced on Monday that Tehran and Moscow have reached agreement on most key provisions of a long-negotiated gas trade contract, urging Russia to accelerate implementation of the deal. The announcement, reported by Iran's state-run Shana…
EU hit record Russian LNG imports ahead of 2027 ban
The European Union imported a record volume of liquefied natural gas from Russia's flagship Yamal LNG plant in the first half of 2026, even as the bloc moves to phase out all Russian gas purchases by early next year.
IEA chief calls Europe’s slow electrification a ‘major mistake’
International Energy Agency chief Fatih Birol has warned that Europe's failure to electrify its economy faster since the 2022 energy crisis amounts to a "major mistake," leaving the continent dangerously exposed to volatile fossil fuel markets at a time of…
Baltic states urge EU to revive stalled Russian oil ban
Estonia, Latvia, and Lithuania urged the European Commission this week to accelerate a legislative proposal for a complete ban on Russian oil imports, arguing that fears of an energy crisis sparked by the closure of the Strait of Hormuz have…
Chinese EV exports hit record $9.4B as Iran war reshapes global market
The war in Iran, launched in late February by the United States and Israel, has reshaped the global electric vehicle market, giving Chinese automakers an opening across the developing world as soaring fuel prices push millions of drivers toward battery-powered…
OPEC chief dismisses IEA forecast of massive 2027 oil glut
OPEC Secretary General Haitham al-Ghais on Thursday dismissed the International Energy Agency's projection of a massive oil supply surplus in 2027, pushing back against the Paris-based agency's assessment that a resolution to the US-Iran conflict could flood global markets with…
OPEC raises long-term oil demand forecast, sees no peak by 2050
OPEC on Thursday released its 2026 World Oil Outlook projecting global oil demand will reach 124 million barrels per day by 2050, an increase from the 122.9 million bpd it forecast a year earlier, while reiterating that no peak in…
Trump claims US secretly took oil from Iran; Energy Secretary says he was unaware
President Donald Trump stunned reporters on Wednesday by asserting that the United States has been covertly extracting millions of barrels of oil from Iran, a claim that appeared to catch his own energy secretary off guard during congressional testimony the…
Trump calls UAE’s exit from OPEC ‘great’ for fuel prices
President Donald Trump on Wednesday welcomed the United Arab Emirates' decision to withdraw from OPEC, calling the move "great" and framing it as a win for American consumers grappling with surging fuel costs amid the ongoing war with Iran.