Category: Highlights

A globally-renowned standards body, BSI is a special adviser to the United Nations Framework Convention on Climate Change and a producer of standards such as the world’s first carbon footprint standard PAS 2050. This CFV proves Huawei’s capability to evaluate the carbon footprint of products throughout their lifecycle and acknowledges Huawei’s efforts in reducing carbon emissions, increasing the share of renewable energy, and promoting circular economy. Huawei’s development concept — green, low-carbon, and sustainable — underpins the entire lifecycle of inverters and is accredited by BSI. It is of great…

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Canada could expand its energy infrastructure in order to help Europe cut off Russian gas dependence in the medium term, Canadian Prime Minister Justin Trudeau said at the G7 summit in Germany.   “We will be there in the short term with any support we can,” Trudeau said, referring to possible Canadian support in energy supply to Europe. Asked about discussions between Germany and Canada for possible liquefied natural gas (LNG) deals, the Canadian prime minister said that “LNG infrastructure is the same type of infrastructure that will be needed as we transition…

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The Energy Information Administration will not release any further data, the agency said in an update on the heavily anticipated inventory figures that were due to be released last Wednesday. The data was not published last week after the EIA discovered “a voltage irregularity, which caused hardware failures on two of our main processing servers.” This failure prevented the EIA from processing and releasing multiple reports last week—including its highly sought after Weekly Petroleum Status Report, which publishes not only U.S. crude oil inventory data, but gasoline and diesel inventories,…

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Three events occurred in the last week or so involving either Iran or Iraq separately, or both together, that put Russia back front and centre in the Middle East, to the detriment of the U.S. In order of timing, these events were: a series of meetings between Russia’s veteran foreign minister, Sergei Lavrov, and Iran’s senior political and military figures, including President, Ebrahim Raisi; the withdrawal from the Iraqi parliament of the country’s long-time de facto leader, Moqtada al-Sadr, and his 73-member political bloc, the largest group in the legislative…

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The oil price rally has really cooled down over the past three weeks, with oil prices declining to levels last seen prior to Russia’s invasion of Ukraine. A massive increase in interest rates by the Fed, pandemic-related lockdowns in Shanghai, slowing U.S. oil demand growth, and a historic strategic petroleum reserve release have all contributed to the selloff. That said, whereas it’s crude markets that have been hogging the limelight, the most dramatic action in global oil markets has been happening in a more hidden corner of the market: distillate…

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