Tag: Energy Crisis

Energy, Industry Focus Areas

Peak in oil demand ‘in sight’ before end of decade: IEA

June 14, 2023


Global oil demand could peak before the end of this decade as the energy crisis has accelerated the transition to cleaner technologies, the International Energy Agency said Wednesday. The Paris-based agency, which advises developed nations, forecast in its Oil 2023 […]

Energy, Industry Focus Areas

Energy-starved S.Africa offers tax breaks to boost green power

February 22, 2023


South Africa unveiled Wednesday new tax incentives to encourage investment in the production of clean power to help the country battle an energy crisis that has sparked worsening blackouts. Starting March 1, “businesses will be able to reduce their taxable […]


Energy Crisis Squeezes Europe’s Smaller Firms

August 25, 2022

Via: The Wall Street Journal

Europe’s energy crisis is squeezing the small and midsize firms that form the backbone of the continent’s economy, leading some business owners to curb production or close up shop. Katrien Vandenheuvel recently decided to shutter her family’s grocery store—nestled in […]

Energy, Industry Focus Areas

Crude Closes Above $80 With Energy Crisis Boosting Demand

October 12, 2021

Via: Transport Topics

West Texas Intermediate crude closed above $80 a barrel for the first time since late 2014 as a growing power crisis from Europe to Asia boosts demand for oil ahead of winter. U.S. crude futures advanced 1.5% on Oct. 11 […]