China and the rest of the world remain thirsty for oil. That means the commodity’s central and volatile role in geopolitics continues, with decades-old realities driving economics, trade, alliances and conflicts for the countries dependent on fossil fuels. Yet, change lies ahead. Last month’s short-lived rally underscores oil’s mercurial clout. Brent crude hit a four-month high of US$82 a barrel after the United States expanded sanctions on Russia and Iran. Oil-supply news shocks continue to have an immediate and enormous impact on the global economy; other policy shifts such as tariff increases matter too. Meanwhile, after years of production cuts, Opec+ members refuse to ramp up supplies before April, if even then. US President Donald Trump wants America to “drill, baby, drill” , thereby forcing prices down to the detriment
Tag Archives: Energy
The energy landscape is rapidly evolving, and virtual power plants (VPPs) are emerging as a crucial solution for managing distributed energy resources efficiently. According to the International Energy Agency, VPP implementations grew by 47% globally in 2023, marking a significant shift in how we approach power management and distribution. Key Takeaway: Virtual power plants are revolutionizing […]
The government plans to connect at least 10 million customers to the electricity grid by the year 2025, the Principal Secretary in the State Department for Energy under the Ministry of Energy and Petroleum Alex Wachira has revealed. He said about 9,765,000 million Kenyans were already connected to the power grid as the Ministry was working to connect more than 25,000 Kenyans by next year as the country gradually moves towards attaining 100 per cent electricity connectivity The by the year 2030. “Right now we are at 9.7 million customers who are already connected to electricity. Next year we are hoping to cross the 10 million mark in terms of connectivity, “said Wachira. The PS spoke in Gikamba sub-location, Kieni Nyeri county where he supervised the implementation of the last