The cost of generating electricity from renewable sources such as solar and wind in South Australia has declined significantly, with current prices under A$30 (US$19.35) per megawatt-hour.
South Korea is on the brink of finalizing a landmark $19 billion nuclear power deal, which is expected to significantly enhance its global profile as an exporter of nuclear reactor technologies for peaceful use.
Despite a turbulent market and declining oil prices, the world’s biggest oil companies ExxonMobil, Shell and TotalEnergies have reaffirmed their commitment to shareholders by maintaining dividends and buybacks. While BP and Chevron dialed back share repurchases slightly for Q2, most firms exceeded Q1 earnings expectations and emphasized their resilience. With rising production and long-term, cost-cutting strategies, Big Oil is signaling strength and stability even as global uncertainty clouds the outlook for the rest of the year.
Researchers have created a groundbreaking type of solar panel, dubbed an "artificial leaf," that uses only sunlight to convert carbon dioxide into liquid fuels and other high-value chemicals.
Gulf countries are making bold moves to transform Africa’s energy landscape with a $6 billion investment in oil and renewable projects. This game changing initiative promises to boost energy access, fuel economic growth, and deepen global partnerships discover how this strategic shift could reshape the future of energy across two continents.
The International Monetary Fund has lowered its 2025 growth forecast for the Middle East and North Africa to 2.6%, citing global trade tensions, falling oil prices, and regional economic pressures. As uncertainty grows, this update sheds light on the challenges ahead and the urgent reforms needed to stabilize and strengthen the region’s economy. Don’t miss the full story behind this critical economic shift.