ENERGY

Despite efforts to decarbonize the economy, global coal consumption surpassed 164 exajoules for the first time in 2023. The fossil fuel still accounts for 26% of the world’s total energy consumption.

In this graphic, Visual Capitalist's Bruno Venditti shows global coal consumption by region from 1965 to 2023, based on data from the Energy Institute.

China Leads in Coal Consumption

China is by far the largest consumer of coal, accounting for 56% of the global (more…)

By Julianne Geiger of OilPrice.com

Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule. Gazprom, Russia's state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline's designed capacity of 38 billion cubic meters (bcm) annually.

This increase in gas flows reflects (more…)

By Tsvetana Paraskova of Oilprice

Over the past weeks, Russia has been using a growing number of oil tankers sanctioned by the West to export its oil, in a move suggesting that Moscow has become more successful in defying U.S. and EU restrictions.

A total of six oil tankers sanctioned by the U.S., the EU, or the UK loaded oil cargoes from Russia in August, and at least another six have done the same so far in September, according to tanker-tracking data compiled by (more…)