(Oilandgaspress) Volkswagen brand deliveries virtually matched the prior-year level amid challenging market conditions (–1.4 percent). While a positive trend could be observed particularly in Europe (+5.1 percent) and South America (+18.5 percent), the market environment in China (–8.4 percent) remains challenging. US tariffs also had a...
(Oilandgaspress) Oil prices up, in wake of Donald Trump placing an immediately effective 25 per cent tariff on all nations “doing business with the Islamic Republic of Iran.” Though there has been no official policy presented so far, the president wrote on social media: “Any...
(Oilandgaspress) Traditional fuel-powered trucks will not be able to be sold, ministers have announced, also ruling out allowing the use of low-carbon or synthetic fuels. This means they will have to be electric from 2040. The 2040 cut-off date for petrol trucks was put forward...
(Oilandgaspress) Masdar has signed a Power Purchase Agreement (PPA) for the 150-megawatt (MW) Quipungo Solar Photovoltaic project in Angola, marking Masdar’s first PPA in the country. The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500MW renewable energy programme across...
(Oilandgaspress) The price of gold has soared to a new record high as concerns about fresh threats to the independence of the US central bank fuel demand for the asset. Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a...
(Oilandgaspress) Major U.S. oil companies are signaling caution about a large-scale return to Venezuela’s oil sector despite strong encouragement from the White House for renewed investment, industry and government sources say. In a high-profile meeting at the White House last week, President Donald Trump called on...
(Oilandgaspress) Hyundai Motor Group (the Group) affiliate Boston Dynamics’ Atlas has won CNET Group’s ‘Best Robot’ award as part of the Best of CES™ 2026 awards. Unveiled as part of Hyundai Motor Group’s AI Robotics Strategy in Las Vegas, Atlas made its debut at CES,...
(Oilandgaspress) IRENA Comments on United States’ Announcement " I regret the announced intention of the United States to withdraw its Membership from the International Renewable Energy Agency (IRENA). As an IRENA Member and key global stakeholder, the United States has long played an important role in advancing...
(Oilandgaspress) While no “one-size-fits-all” solution exists, systemic innovation can transform the future of energy systems, a new report by the International Renewable Energy Agency (IRENA) finds. Released during a Ministerial Dialogue on the role of Artificial Intelligence (AI) at IRENA’s Assembly, the Innovation landscape for sustainable...
(Oilandgaspress) Jobs in renewable energy sector only increased by 2.3% from 2023, reaching 16.6 million in 2024. The newly released Renewable Energy and Jobs – Annual Review 2025 by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO) highlights the increasing impact...
(Oilandgaspress) RenewableUK has announced the appointment of Tara Singh as its next Chief Executive. She will begin her new role on 23rd February. Tara brings over two decades of experience spanning UK government, global energy companies and public affairs leadership. She currently leads a major public...
(Oilandgaspress) Ukraine has reportedly attacked three Russian oil drilling platforms in the Caspian Sea, according to its military. “Direct hits have been recorded,” it said in a post on Telegram on Sunday, adding: “The extent of the damage is being assessed.” The infrastructure is said to be...