Paris: The International Energy Agency on Wednesday sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers. Demand is expected to slump by 1.6 million barrels per day (mb/d), compared with its forecast slump of one million barrels […]
A giant mirror to create “sunlight on demand” was just approved by the United States Federal Communications Commission (FCC), despite opposition from astronomers and the public, and real safety concerns. The FCC approved the company Reflect Orbital to test one satellite, named Earendil-1, as a means of reflecting the sun’s rays back to Earth for […]
MUSCAT: Oman’s ambitious pipeline of smart cities and urban development projects is expected to create demand for around 6.7 gigawatts (GW) of additional power generation capacity over the long term, requiring major expansion and modernisation of the Sultanate of Oman’s electricity transmission infrastructure, according to Oman Electricity Transmission Company (OETC). The majority state-owned grid operator […]
