Sat.Apr 19, 2025

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The UK Is Doubling Down on Wind Energy

OilPrice

The U.K. is already a world leader in wind energy, having rapidly expanded both its onshore and offshore wind capacity over the last decade. Now, under the new Labour government, the U.K. hopes to expand its wind power sector even further through the massive expansion of the Rampion offshore wind farm. This is expected to help the government progress towards achieving its net-zero carbon ambitions.

Energy 326
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Carney, Poilievre Scrap Over Energy and Housing in Canada Debate

Rigzone

Carney's Liberals lead by several percentage points in most polls.

Energy 62
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US-Iran Talks Advance Amidst Israeli Concerns, Oil Market Implications

Crude Oil Futures

The second round of talks between the United States and Iran, long-time adversaries, took place in Rome, confirming the meeting's location. Despite the change of venue, Oman continued to facilitate the tense discussions. Oman's foreign ministry expressed satisfaction on X, stating, "Iran and the US have agreed to enter the next phase of discussions aimed at securing a fair, enduring, and binding deal.

Oil 50
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Baghdad / Erbil / APIKUR Meeting "Collapses Before Takeoff"

Iraq Business News: Oil & Gas

From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Tripartite Energy Meeting Collapses Before Takeoff According to a source from Iraq's Oil Ministry, the Iraqi side informed participants of the decision just hours before the meeting was due to begin, offering no new date for rescheduling.

Oil 45
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Firms Cancel $8 Billion in Renewables Investment on Trump Policies

OilPrice

Rising market and policy uncertainties forced companies to cancel $8 billion in investments in U.S. clean energy projects in the first quarter of the year. In a dramatic surge in cancellations of projects amid the chilling effects of the Trump Administrations trade policy and attempts to repeal part of the green energy incentives, companies have withdrawn $7.9 billion in investments since January, clean energy business group E2 said in a monthly update this week.

Energy 303
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Chinese Firm signs MoUs for Iraq Petrochemical Projects

Iraq Business News: Oil & Gas

By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, alongside the Governor of Karbala, oversaw the signing of three memorandums of understanding (MoUs) for strategic projects in Karbala Industrial City during an official visit to the province on Saturday. The agreements were signed between Al-Yusra Industrial , the developer of Karbala Industrial City, and China's SEPCO [Shandong Electric Power Construction] , and cover the construction of four petrochemical

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Powell's Independence Tested by Trump's Monetary Policy Demands

OilPrice

The fate of US Federal Reserve chair Jay Powell looks increasingly uncertain as the Trump administration ramps up pressure on the central back to cut rates faster. Powell has been resolute that he will not be influenced by Trumps attempts to sway the Fed, instead sticking to its mission of bringing down any inflation that could be caused by tariffs raising prices.

IT 236