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Energy / Energy-General

Oil Prices Continue To Climb As Pace Of Drilling Continues To Slow

Aug 04, 2023 at 12:14 | Julianne Geiger

The total number of active drilling rigs in the United States fell by 5 again this week, according to new data from Baker Hughes published Friday. The total rig count…

Bullish Momentum Is Building For Crude

Aug 04, 2023 at 09:48 | Michael Kern

Crude oil prices are set to post a sixth straight week of gains on the back of a tighter market and easing recession fears.

UK Carbon Prices Tumble, Casting Shadows On Decarbonization Efforts

Aug 04, 2023 at 08:55 | ZeroHedge

The UK government is moving their environmental policies a little bit closer to common sense.  Industrial companies now face less strict financial burdens for…

MIT Engineers Develop Groundbreaking Concrete Supercapacitor

Aug 04, 2023 at 08:54 | Brian Westenhaus

MIT engineers have created a supercapacitor from just cement, water, and carbon black. The supercapacitor is made of ancient, abundant materials, that can store large…

Ex-National Grid Chief: Community Payouts Could Speed Up UK's Net-Zero Goals

Aug 04, 2023 at 08:38 | City A.M

Households near new energy projects should be offered lump sum payments to boost community approval of needed infrastructure and ensure the rollout of new electricity lines, according to…

Superconductor Mania Sends Korean Tech Stocks Sky-High

Aug 04, 2023 at 08:29 | ZeroHedge

Late Wednesday, the Korean Exchange warned investors about speculative trading in superconductor-related stocks following claims of a technological breakthrough that could revolutionize the…

Pioneering Tech Turns Sunlight And CO2 Into Renewable Fuel

Aug 04, 2023 at 08:17 | Brian Westenhaus

University of Cambridge researchers have developed a solar-powered technology that converts carbon dioxide and water into liquid fuels that can be added directly to a car’s engine…

Supply Chain Snarls Ease As Shipping Rates Jump

Aug 04, 2023 at 07:37 | ZeroHedge

Spot rates for shipping containers have been rising for four weeks. The latest data from the Drewry World Container Index composite shows the most significant weekly gain in the index…

China To Defend Its Strong Position In Critical Metal Supply Chains

Aug 03, 2023 at 16:19 | Tsvetana Paraskova

As the technology war between China and the West escalates and the energy transition progresses, China is boosting investments in critical minerals overseas as part of its Belt and Road…

Automakers Bank On Gigafactories For EV Expansion

Aug 03, 2023 at 08:37 | Felicity Bradstock

Electric vehicle (EV) companies worldwide are constructing “gigafactories”, huge factories that produce very large numbers of batteries for electric vehicles. The construction of these types of factories is becoming more…

UK Energy Giant Drax In Hot Water Over Alleged Misuse Of Profit Cap

Aug 03, 2023 at 08:25 | City A.M

The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biomass units to reduce pay-outs to customers last…

Oil Markets On Edge Ahead Of Saudi Arabia’s Next Production Cut Announcement

Aug 03, 2023 at 07:42 | Tsvetana Paraskova

As the OPEC+ panel prepares to meet virtually on Friday, the oil market is more closely watching the next move from Saudi Arabia, OPEC’s top producer and de…

Could The LK-99 Superconductor Herald The Next Technological Age?

Aug 02, 2023 at 08:45 | ZeroHedge

There has been a lot of excitement on social media about the claim of a new superconductor that works at room temperature but also under ambient pressure. If…

OPEC+ Not Expected To Alter Oil Production Policy Amid Price Rally

Aug 02, 2023 at 06:07 | Tsvetana Paraskova

A panel of OPEC+ is unlikely to change the current oil production policy of the alliance at the Friday meeting, several sources in the group told Reuters on Wednesday,…

U.S. Withdraws Offer To Buy 6 Million Barrels Of Oil For The SPR

Aug 02, 2023 at 03:14 | Irina Slav

The Department of Energy has canceled its offer for the purchase of 6 million barrels for the strategic petroleum reserve amid the latest surge in oil prices. These hit the…

A $15 Billion Electric Vehicle Niche Is Flying Under Wall Street’s Radar

Aug 01, 2023 at 16:34 | Charles Kennedy

The EV industry is simultaneously a wildly rewarding and wildly risky ride for investors. EV manufacturers are now struggling to stay profitable unless they are Tesla or China’s biggest players. …

China's Economic Woes Weigh On Oil Prices Once Again

Aug 01, 2023 at 08:51 | Michael Kern

After climbing by 13% in July, oil prices were dragged lower on the first day of August by further disappointing economic data out of China. 

Russian Diesel Exports Rise As Refineries Return From Maintenance

Aug 01, 2023 at 07:30 | Tsvetana Paraskova

Russia’s diesel and gasoil exports by sea increased by 5% in July compared to June as more refining capacity in Russia returned from seasonal maintenance, Reuters reported

Oil Buyers Brace For Saudi Arabia To Boost Prices Once Again

Aug 01, 2023 at 05:48 | Charles Kennedy

Saudi Arabia may raise the price of its crude for the third month in a row for September cargos, according to sources from the refining industry surveyed

China Is Leading The Global Battery Electric Vehicle Race

Jul 31, 2023 at 09:03 | ZeroHedge

Over the last ten years, China has become the global battery electric vehicle (BEV) forerunner, increasing its annual sales of fully-electric cars from roughly 10,000 in 2012 to…

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