... countries. Typically, these efforts are directed towards several areas, including geothermal plants, wind and hydroelectric energy, biogas, and tidal energy. Producers have long recognized the potential of these areas and their economic benefits. The transition from traditional fuels to inexpensive natural sources is evident. Unlike oil and gas, these alternatives are inexhaustible, and their extraction is relatively simple and cost-effective. However, the sector is facing funding shortages. Not all ...

... Since 2019, Russia has exported $311 billion worth of energy products to China, according to China’s General Administration of Customs. Supply volumes grew 2.2 times from $43 billion in 2019 to $95 billion in 2023. Moscow and Beijing are also actively transitioning to settlements in national currencies, with the share of transactions in rubles and yuan exceeding 90% last year. Russian gas exports to China, including liquefied natural gas (LNG), reached a historic high of 34 billion cubic meters ...

... is expanding to support the energy sector. However, global coal demand is expected to grow by just 0.2% this year, and a slight decline is anticipated in 2026. Essentially, consumption has approached a “peak plateau,” reflecting the accelerated transition of many countries to cleaner energy sources. For Russia, the coal industry in 2025 presents a mixed outlook. On one hand, according to Rosstat, coal production in Russia increased by 1.6% year-on-year in the first half of the year. The industry ...

... vehicles even more accessible. The development of fast charging technologies and increased driving ranges of electric vehicles will promote their wider adoption. Tighter environmental regulations in many countries will provide additional incentives for the transition to electric vehicles. Comments from Sergei Tereshkin Sergei Tereshkin, General Director of AO "UK Open Oil Market" , comments on the situation: "The rapid growth in the popularity of Chinese electric vehicles in the global market,...

... temporarily increasing coal burn to avoid purchasing expensive gas. As a result, global coal consumption remains at a plateau. In 2026, IEA analysts expect the beginning of a gradual decline in global coal demand – contingent on accelerating the energy transition and shifting China's economy towards gas and RES. For now, however, the coal sector is delivering nearly record levels of electricity production worldwide, remaining an essential component of energy supplies. Oil Products and Refining: Regional ...