Friday, June 6, 2025
Iran

Spooked by Trump, Europe’s Iranian Oil Purchases Set to Plummet

From Reuters European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive measures in 2012 even though the EU has not joined in. Washington said that companies would have to wind down their activities with Iran by November 4

Bloomberg New Energy Finance Outlook for Electricity: Cheap Wind, Solar, Storage will Change Everything by 2050

Coal use to dive by 70% $11.5 trillion in newbuild generation capacity will buy the cheapest, cleanest sources between 2018-2050 Renewables will provide 87% of electricity in Europe and 55% of U.S. power by 2050 NatGas earmarked for peaker plants to support renewable generation during peak demand From Power Magazine About half the world’s power will be generated by wind