The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus. “I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington on... 

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... 

Energy storage is set to take an increasingly central role in the global economy, growing almost tenfold over the next decade and a half, new research suggests. The total energy storage market is expected to grow to $546 billion in annual revenue by 2035,... 

Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand. The coronavirus... 

Coal-fired electricity production at the U.K.’s largest power plant is expected to end in March 2021, energy firm Drax said Thursday, with the move leading to between 200 and 230 job losses. Drax Power Station — which is located near the town of... 

Jeff Bezos is throwing his weight — and wealth — behind the fight against climate change months after Amazon employees publicly pressured him and the company to do more to address the issue. The Amazon (AMZN) CEO on Monday announced a new fund to... 

California’s Antelope Valley sits at the edge of the Mojave Desert. In recent years, the desert has seen a farming boom, solar farming that is. Antelope Valley is home to America’s largest solar facility, Solar Star, a sprawling 3200-acre, 579-megawatt... 

When a financial crisis begins to unfold, it’s hard to assess the impact until well after the fact. The dot-com crash that started in 2000 and the subprime mortgage crisis that started in 2007 played out over several years. The S&P 500 recorded... 

Poland, isn’t ready to resume talks with the European Union about the mid-century climate neutrality deadline during the bloc’s summit in June, according to a senior government official. The country endorsed the carbon neutrality goal at the bloc’s... 

Greece has announced plans to install two PV projects at mining sites. The facilities are part of the national utility’s new strategy and in line with the country’s efforts to phase out coal. Greek national electric utility Public Power Corp (PPC)... 

Oil demand is set to fall this quarter for the first time since the financial crisis in 2009 due to the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday. “The consequences of Covid-19 for global oil demand will be... 

Since the turn of the century, there has been a global explosion in the production of renewable power. According to the 2018 BP Statistical Review of World Energy, global renewable energy production in 2000 was 218 Terawatt-hours (TWh). By 2018, that...