Kazakhstan is considering new procurement standards to maximize the efficiency and effectiveness of state spending while aiming to minimize the environmental harm of public works and services. Government contracts for goods, works and services totaled about $19.7 billion in 2023. In the past, environmental concerns didn’t figure much in state spending....

European benchmark natural gas prices rallied on Wednesday and early Thursday amid growing supply concerns and forecasts of lower wind power generation later this week. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, hit on Wednesday their highest level since January after Austria’s OMV warned the market that Russian state...

Wall Street banks are in a frenzy over "The Next AI Trade," piling into the 'Powering up America' investment themes, whether that's power grid companies, commodities, such as copper, gold, silver, and uranium, and artificial intelligence chipmakers, to accommodate the explosion of generative artificial intelligence data centers anticipated nationwide...

Oil prices rose early on Thursday, recouping some losses of the previous three days, after Russia said it would present a plan to compensate for exceeding its OPEC+ oil production quota in April. Following three consecutive trading days of losses, Brent Crude prices were rising by 0.88% at $82.62 as of 9:00 a.m. EDT on Thursday, and the U.S. benchmark, WTI...

A mere few days after Taiwan’s new president, Lai Ching-te, was sworn into office at the start of the week, China's military on Thursday morning (local time) initiated two days of large-scale military drills. PLA navy ships and aircraft are now reportedly "surrounding the island of Taiwan," according to state media and PLA statements. The drills are...

Amid a relentless heat wave, India’s peak power demand surged this week to above previously expected levels, resulting in long blackouts in parts of the country. Peak power demand in India hit a seasonal high of 235 gigawatts (GW) on Wednesday, due to surging electricity demand in the heat waves in many states.   India’s all-time high peak power demand,...