News from Lvov
23/05/2026
Global demand for liquefied natural gas (LNG) is expected to surge by 50% by 2040, driven by higher demand from Asia, with coal-to-gas switching in China and a boost in LNG consumption to fuel economic growth in South and Southeast Asia, Shell said on Wednesday. Last year, global trade in LNG reached 404 million tons,
READ MOREIndia’s energy sector will be needing an additional 28GW coal-fired power generation capacity by 2032, advisory body Central Electricity Authority (CEA) stated. These additions will be needed on top of the 25GW in thermal coal projects currently under construction. In its ‘Draft National Electricity Plan (Vol-1 Generation) CEA gives these
READ MOREAccording to The Hill more than a third of the U.S. workforce is now over 50, and this figure is set to grow. This statistic is reflective of changes in social security and the decline of traditional defined benefit pensions, both of which mean people are working longer. Despite this normalcy, the reality is that
READ MOREFederal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal path. And that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at
READ MOREPrecious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell its Russian unit in a deal valuing it at $3.69 billion. Polymetal International plc said on Monday it had reached an agreement to sell JSC Polymetal, or Polymetal Russia, to
READ MOREAbout 85 vessels can be purchased within the state subsidies for providing the fleet for foreign trade operations. The specified number of vessels will include bulk carriers (60 units), as well as large-capacity Cape-size vessels (12 units). Banks are expected to allocate more than 2 billion USD for these purposes,
READ MOREGermany will close down its three remaining nuclear reactors this weekend, marking the end of an era in its energy history. Germany closed over 18 GW of nuclear capacity since the start of its nuclear phase-out policy in 2011 in the aftermath of the Fukushima accident in Japan. The share
READ MORETraders are still investing in oil by-products despite the price cap in oil markets. Bloomberg data released on Tuesday 6th of February, showed that the open interest in primary oil futures contracts has peaked since March 2022. Oil derivatives of almost 660 million barrels have been added this year, yet
READ MORENews coming out of China indicates the country set new records in 2023 for the import of crude oil, coal, and iron ore. The revelation caught many by surprise, but analysts caution that this may not really signify a robust demand for these essential materials. Nor does it indicate that there has been any reversal
READ MOREAmerican progressives who join international supporters in praising the promotion of “sustainability,” along with other causes, are turning a blind eye to the harm that their policies are currently causing in American agriculture, according to farmers who spoke to Fox News. The FFA and other nationwide organizations are thriving, and state-level events such as the
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