Wind turbines operate at the Klettwitz Nord solar energy park near Klettwitz, Germany, Tuesday, Oct. 15, 2024. (AP Photo/Matthias Schrader) The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges — but there'll also be...
Big-time price hikes at the pumps will take another gut-wrenching blow on consumers’ pockets next week, as oil prices are projected to rise above P1.00 per liter across commodities. Based on the calculation of the oil companies, the price of gasoline products will likely increase by P1.10 to...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
Reinforcing the stream of ‘clean energy finance’ for emerging economies is seen as the major stimulus on concretizing the major commitments in last year’s climate change summit and must also top the agenda in this year’s COP29 in Baku, Azerbaijan. Dr Fatih Birol, executive director of the...
Motorists will have to brace for fresh round of financial pain next week as pump prices are anticipated to rise by a relatively significant level that will inch close to P1.00 per liter for gasoline and diesel products, based on the calculation of the oil companies. According to the industry...
The Paris-headquartered International Energy Agency (IEA) indicated that while positive developments were attained at the COP28 Climate Change Summit, the commitments from more than 100 countries might still not be enough to put the world on track to the 1.5°C global warming limit cast in the...
