The region is still recovering from a historic energy crisis that was exacerbated by severe supply cuts from Russia in the wake of its war with Ukraine.

Fuel consumption levels for U.S. scheduled service airlines fell by 3.9% from 1.545 billion gallons in March 2023 to 1.484 billion gallons during April 2023.

The fund hopes to “stimulate the growth and consolidation of national strategic supply chains" according to a statement from Italy’s industry ministry.

The deal will improve the supply chain resilience of minerals like copper, lithium, cobalt and rare Earth elements, which are vital to producing electric vehicles and solar panels.

New LNG export contracts or renewals of existing agreements could be prohibited to prioritize the needs of domestic consumers, according to Coordinating Investment and Maritime Affairs Minister Luhut Pandjaitan.

Pembina and Marubeni will establish a large-scale low-carbon ammonia supply chain in Canada with access to Japanese and Canadian governmental support.

The announcement comes a month after Hyundai announced that it would build an EV battery factory with SK On, another South Korean battery maker.

The country has ramped up imports, but demand hasn’t kept up as China’s recovery has disappointed.

For the first time in history the amount of investment going to solar is higher than the amount going to oil production

Ofgem is reportedly proposing energy companies increase the amount they make before interest and taxes to about £47 per customer a year from about £37.