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Energy Sector News, Monday, August 4, 2025: Brent around $70 amid increased OPEC+ production, EU gas reserves exceed 70%, gasoline export ban in effect
... summer of 2025. Prices at the largest TTF hub are significantly lower than the peak levels recorded during the 2022 crisis, fluctuating within a consumer-friendly range, although the current level is still above pre-crisis averages. According to the IEA, wholesale gas prices in Europe for 2025-2026 are expected to remain above $400 per 1,000 cubic meters due to structural market factors. This is significantly above the historical norm, yet considerably below the extremes of the energy crisis period....
Energy Sector News - Friday, August 1, 2025: Brent Holds Above $72; European Gas Storages Record High Filled
... to record levels of RES generation.
Coal Sector: High Demand Amid Stable Prices
Coal continues to play a notable role in the energy balance of many countries, despite the global push for decarbonization. According to the International Energy Agency (IEA), global coal consumption in 2025 is expected to remain close to record levels and may even set a new high. Global production is expected to be around ~9.2 billion tons, primarily due to increased coal use in Asia. In countries like India and several ...
Energy Sector News, Tuesday, August 5, 2025 - Trump Pressures India, Russia Limits Fuel Exports
... in Europe this summer have remained relatively stable. Prices at the largest hub,
TTF
, are significantly below the peak crisis levels of 2022, fluctuating in a consumer-friendly range (although still above the pre-crisis average). According to the
IEA
, average wholesale gas prices in Europe for 2025–2026 are expected to remain above $400 per 1,000 cubic meters due to structural market changes—higher than historical norms but significantly lower than the extremes observed during the energy ...
High Recycling Fee Hinders Electric Vehicle Sales
...," 786 electric vehicles were sold last month — a 28% decrease compared to the same period last year. The share of electric vehicles in overall passenger car sales was merely 0.9%.
For comparison, according to the
International Energy Agency (IEA)
, the share of electric vehicles in new passenger car sales in India in 2024 was 2.1%, in the USA it was 10%, in the EU it reached 21%, and in China it was as high as 48%.
One of the contributing factors is the increase in tax burdens. Starting this ...
An expert outlined the conditions for curbing oil demand in China
... which could lead to reduced demand in passenger ground transportation. The share of electric vehicles and plug-in hybrids in new passenger car sales in China has grown from 5.7% in 2020 to 38% in 2023. According to the International Energy Agency's (IEA) conservative forecast, this share will increase to 68% by 2030, and oil savings from passenger vehicle use will reach 1.5 million barrels per day," he said.
The expert explained that these savings will be comparable to the current volume ...