Only three countries account for 31% of all gold mined in 2020
Data analyzed by Finbold indicates that China accounted for the highest 2020 gold production at 380 metric tons. The amount represents 11.9% of the 3,200 total...
Lithium batteries have become dramatically cheaper, according to a MIT study
In their current study, researchers at the Massachusetts Institute of Technology (MIT) have found that lithium-ion batteries have fallen sharply in the last three decades. This can be seen as a powerful engine for the changes that have taken place in the field of technology using these batteries.
OPEC decided: Oil production will not increase yet
The Organization of Petroleum Exporting Countries and several cooperating countries have decided that the current oil quotas will not be changed until April. Oil responded...
Global demand for liquefied natural gas will almost double in 20 years
According to mining company Royal Dutch Shell, we can expect global demand for liquefied natural gas to rise to twice current levels by 2040. Asia,...
Poland has adopted an energy strategy for 2040. It will move away from coal
By 2030, the share of renewables in electricity generation in Poland should be close to one quarter. The Polish government has adopted an energy strategy...
Rosneft lures investors on Arctic oil project
Russian state-owned mining giant Rosneft is reportedly looking for global investors to help it fund the development of one of the world's largest oil...
Renewables in electricity generation dominated the EU last year
In 2020, for the first time, more electricity from renewable sources than from fossil ones was produced in the European Union. This is apparent from...
Oil has become more expensive at a 10-month high. Saudi Arabia restricts mining
Shortly after the end of the OPEC+ negotiations, oil prices rose to their highest level in less than a year. Saudi Arabia voluntarily cut back...
OPEC+ group approves modest increase in oil production
The January meeting between representatives of the Organization of the Petroleum Exporting Countries, Russia and other countries (OPEC+ Group) ended with an agreement. While...
PetroChina wants to double natural gas production within five years
China's largest mining company, PetroChina, plans to increase natural gas production in the Seschuan Basin to more than 22 billion cubic meters per year...
