International Energy Agency

Business

Capitalizing on the Booming Electricity Demand: Investment Opportunities in Data Center Operators, Suppliers, and Grid Infrastructure Builders

ByPeter Blunt February 7, 2024February 7, 2024

Investing in the Booming Electricity Demand: Opportunities in Data Center Industry Barclays has identified various entry points for investors looking to capitalize on the growing electricity demand, ranging from data center operations to suppliers. This surge in demand is substantiated by recent forecasts from the International Energy Agency (IEA) indicating a potential doubling of electricity…

Business

Saudi Arabia’s Aramco Halts Plans to Increase Crude Production Capacity Amid Uncertainty in Oil Demand

ByPeter Blunt January 30, 2024

Aramco Pauses Plans to Increase Crude Production Capacity Saudi Arabia’s state-controlled Aramco announced on Tuesday that it is putting on hold its plans to raise its crude production capacity. The company had initially aimed to increase capacity from 12 million barrels per day to 13 million barrels per day. This decision comes amidst growing uncertainties…

Business

The Strategic Partnership Between Xpeng and Volkswagen to Develop Electric Cars in China

ByJohn Mahon July 31, 2023

Xpeng Secures $700 Million Investment from Volkswagen for Joint Development Chinese electric car startup Xpeng has announced a major collaboration with Volkswagen, receiving a $700 million stake to jointly develop two cars specifically designed for the Chinese market. This partnership comes at a crucial time for Xpeng, as the company seeks funding, while foreign automakers…

Business

Why Asia Needs to Achieve Net Zero Before the Rest of the World Can

ByJohn Mahon June 28, 2023July 2, 2023

Asia Needs to Achieve Net Zero Before the World Can Do So According to the CEO of Malaysia’s state-owned oil and gas company Petronas, Asia needs to achieve net zero before the world can do so. Tengku Muhammad Taufik explained during the Energy Asia summit in Kuala Lumpur that the bulk of emissions expected to…

End of content