For the first time, wind turbines generate more electricity than fossil fuels.
Successive governments handed out gas connections like sweet cakes. Now the people don’t have enough to cook their daily meals.
Washington demanded Opec and Russia to increase oil production to help bring down the surging fuel prices, which have hit the US and several developing countries.
China and India have been facing a serious energy crunch as the economies of the two Asian nations struggle to recover from the crisis posed by the coronavirus pandemic.
More than half of the country’s 135 coal-fired power plants are running on fumes.
In the last few years, Abkhazia has seen at least 625 new crypto farms, which require vast amounts of energy to run, according to estimates from its economy ministry.
Investors sent US stocks down by nearly a third from February into late March, before efforts to slow the spread of the coronavirus threw the economy into a recession.
Due to the collapse in demand, storage tanks for oil are close to the brim at a key energy hub in Oklahoma, forcing traders to pay others to take delivery of the oil.
US crude oil futures turned negative for the first time in history as storage space was filling up, discouraging buyers as weak economic data from Germany and Japan cast doubt on when fuel consumption will recover.
Prices recently crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between Opec cartel kingpin Saudi Arabia and non-Opec rival Russia.
The US president reversed his long-held dislike of OPEC and now needs it to help the struggling oil industry.
OPEC, Russia and other oil producing nations agree to cut output by a record amount, representing around 10 percent of global supply, to support oil prices amid coronavirus pandemic.
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