Top Arab Gulf oil producers can return half of shut fields to prewar levels of production within two weeks once transits through the Strait of Hormuz resumes, the International Energy Agency said.
Top Arab Gulf oil producers can return half of shut fields to prewar levels of production within two weeks once transits through the Strait of Hormuz resumes, the International Energy Agency said.
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports. Solar output in Europe’s largest power market will average about 16.5 gigawatts from April to September, up roughly 31% from a year earlier, according to BloombergNEF data. That will reduce gas demand for power generation by about 29% ...
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports. Solar output in Europe’s largest power market will average about 16.5 gigawatts from April to September, up roughly 31% from a year earlier, according to BloombergNEF data. That will reduce gas demand for power generation by about 29% over the same period — the equivalent of about nine LNG cargoes, according to Bloomberg calculations. The number of solar panels in Germany will increase by 15% this year, driving a boom that will help dampen competition with Asian LNG buyers as the conflict in the Middle East pushes up prices. The extra renewable generation should also provide breathing space as Europe replenishes its depleted gas storage facilities ahead of next winter. The jump in solar means that German gas generation is expected to fall to a low of around 2.5 gigawatts in July, according to BloombergNEF. Coal output, which still plays an important role in Germany’s power mix, is expected to fall by about 63% to roughly 3.2 gigawatts between April and September. Still, gas will remain essential for balancing the German grid and setting electricity prices, particularly when renewable output is low.
Hui Ka Yan. China Evergrande Group founder Hui Ka Yan has pleaded guilty to multiple criminal charges, marking a key moment in the legal fallout from the collapse of the country’s once-largest property developer. Hui, 67, also known as Xu Jiayin in Mandarin, pleaded guilty to eight charges including embezzlement and fundraising fraud during a trial in Shenzhen held on Monday and Tuesday.
Hui Ka Yan. China Evergrande Group founder Hui Ka Yan has pleaded guilty to multiple criminal charges, marking a key moment in the legal fallout from the collapse of the country’s once-largest property developer. Hui, 67, also known as Xu Jiayin in Mandarin, pleaded guilty to eight charges including embezzlement and fundraising fraud during a trial in Shenzhen held on Monday and Tuesday.