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EU and Philippines to resume free trade talks, eyeing economic growth and raw materials
The European Union and the Philippines announced on Monday their intention to resume negotiations on a free trade agreement, as the EU aims to leverage Asia’s rapid economic growth and gain access to essential raw materials. Negotiations on the free trade agreement had stalled in 2017 due to…
March 19, 2024 -
Mexican presidential candidate Sheinbaum promises energy reform, green transition
Mexican presidential candidate Claudia Sheinbaum has pledged to continue enhancing the operations of the country’s state-owned energy firms while also accelerating the transition to renewable energy sources. If Sheinbaum secures victory in the upcoming June election, as indicated by polls, she…
March 19, 2024 -
Canada, Germany ink agreement to accelerate clean hydrogen trade
On Monday, Canada, citing the imperative to move away from Russian energy sources, signed an agreement with Germany aimed at expediting efforts towards the commercial-scale trade of clean hydrogen fuel. The memorandum of understanding inked between the two nations commits them to supporting…
March 19, 2024 -
US targets strategic petroleum reserve to return to pre-sale levels by end of 2024
U.S. Energy Secretary Jennifer Granholm announced on Monday that crude oil stockpiles in the Strategic Petroleum Reserve (SPR) by year-end are expected to reach or surpass levels seen prior to a massive sale of 180 million barrels two years ago. The replenishment of the SPR comes after President…
March 19, 2024 -
Declining LNG prices drive demand surge amid tightening market
During the CERAWeek energy conference on Monday, executives noted a significant decline in liquefied natural gas (LNG) prices over the past nine months, which has bolstered demand and is expected to tighten the LNG market in the near term. The price drop is attributed to an increase in supplies…
March 19, 2024 -
Mitsubishi leads international coalition to advance electric natural gas development
Last year, the United States explored the possibility of acquiring cobalt for defense stockpiles. Although the Defense Logistics Agency (DLA) opted not to include cobalt purchases in its latest plan, it might consider them in the future. Any potential increase in cobalt reserves would be intended…
March 19, 2024 -
US explores cobalt acquisition for defense stockpiles amid China dependency concerns
Last year, the United States explored the possibility of acquiring cobalt for defense stockpiles. Although the Defense Logistics Agency (DLA) opted not to include cobalt purchases in its latest plan, it might consider them in the future. Any potential increase in cobalt reserves would be intended…
March 19, 2024 -
Chile optimistic about inclusion of lithium in US subsidies, eyes investment surge
Chile is optimistic that components utilizing its lithium will meet the criteria for subsidies under the US Inflation Reduction Act, potentially attracting a surge of new investments from companies aiming to tap into the nation’s extensive reserves of the battery metal. Economy Minister Nicolas Grau…
March 18, 2024
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