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U.S. Sanctions on Venezuela Snap Back Into Place

U.S. Sanctions on Venezuela Snap Back Into Place

The U.S. has reimposed sanctions…

Uncertainty Drives Investors to Oil Stocks

Uncertainty Drives Investors to Oil Stocks

The reason that investors have…

Energy / Energy-General

Record Profits Bring $120 Billion Cash Bonanza To Commodity Traders

Mar 19, 2024 at 11:03 | Tsvetana Paraskova

Commodity traders have amassed up to $120 billion in cash over several successive years of record performance and profits. The industry's new guard of executives is now sitting on huge…

India Buys More U.S. Oil

Mar 19, 2024 at 10:20 | Charles Kennedy

India is set to import in April its highest oil volumes from the United States in 11 months as the stricter enforcement of the U.S. sanctions against Russia are slowing…

UK Plans £60 Billion Grid Overhaul To Support Offshore Wind Boom

Mar 19, 2024 at 09:09 | City A.M

Pylon-haters beware – the National Grid has unveiled a multi-billion pound plan to overhaul the UK’s energy and electricity framework. The ‘Beyond 2030’ report outlines the…

Breakthrough Catalyst Turns Sewage Into Clean Energy

Mar 19, 2024 at 09:07 | Brian Westenhaus

Pohang University of Science & Technology scientists have developed a catalyst for the urea oxidation reaction, enhancing hydrogen generation efficiency. Professor Kangwoo Cho and PhD…

Saudi Aramco Boosts Dividends Despite a Significant Decline in Profits

Mar 18, 2024 at 16:18 | Simon Watkins

It is not surprising that profits in 2023 at Saudi Arabia’s flagship company Saudi Aramco were lower than in 2022. After all, the average price per barrel of the Brent…

The Gas Find That Could Transform Europe’s Energy Future

Mar 18, 2024 at 15:57 | James Stafford

Riding on the heels of Austria’s largest gas discovery in 40 years by Austrian OMV, junior explorer MCF Energy (TSXV:MCF; OTC:MCFNF) announced on Monday morning another 

Big Oil Chases High Fossil Fuel Returns amid Poor Renewable Showing

Mar 18, 2024 at 13:25 | Tsvetana Paraskova

Europe’s major oil companies have started to scale back interim emission reduction targets, acknowledging that their priorities now lie with returning more cash to shareholders. And these returns come from…

Developed Economies Could Stagnate As Fossil Fuels Reach Their Limits

Mar 18, 2024 at 08:54 | Gail Tverberg

Historical data show that to date, a reduction in energy availability has mostly affected the US, European countries, Japan, and other advanced economies. I expect this situation to continue as…

China’s Solar Power Dominance Threatens Western Clean Energy Dreams

Mar 18, 2024 at 08:52 | Haley Zaremba

China is doubling down on solar power production, making the West’s chances of catching up even slimmer. China has been outspending the rest of the world in clean energy deployment…

Saudi Arabia’s Non-Oil Revenue Hits 50% Of GDP

Mar 17, 2024 at 11:06 | Alex Kimani

For decades, Saudi Arabia has been regarded as the de facto leader of OPEC and a swing-producer critical to curtailing large price overshoots in either direction. Over the past few years, the…

Reason Begins To Reassert Itself in EV Space

Mar 15, 2024 at 15:08 | Irina Slav

During the latest financial reporting season, the car manufacturing industry did not have a lot of good news to report to their shareholders regarding their EV ventures. Sure, sales hit…

U.S. Oil, Gas Activity Picks Up But Slow Start to the Year

Mar 15, 2024 at 12:13 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States rose by 6 this week, according to new data that Baker Hughes published on Friday,…

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

Mar 15, 2024 at 12:06 | Tsvetana Paraskova

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment…

Cargo Plane Startup Taking Turbine Transportation to New Heights

Mar 15, 2024 at 09:23 | ZeroHedge

Meet the WindRunner. At a jaw-dropping 365 feet long and 79 feet tall, it's a cargo plane unlike anything the world has seen before -- stretching 80 feet longer than the current…

Game-Changing Silicon Anode Paves the Way for Longer-Range EVs

Mar 15, 2024 at 09:20 | Brian Westenhaus

Pohang University of Science and Technology (POSTECH) researchers have developed a next-generation high-energy-density Lithium-ion battery system using micro silicon particles and gel polymer electrolytes. Researchers…

Technological Breakthroughs Fuel Bright Future for Tidal Power

Mar 15, 2024 at 09:15 | Felicity Bradstock

Tidal energy is a renewable energy source produced using the natural tidal current of the ocean. Since the 20th century, tidal currents have been used worldwide to produce electricity. There…

U.S. Launches Economic Initiative to Boost Trade in Central Asia

Mar 15, 2024 at 09:10 | Eurasianet

With Russia embroiled in Ukraine, and China’s economy cooling, the United States is pressing ahead with an initiative to bolster its influence in Central Asia. The catalyst is…

Bullish Sentiment Finally Breaks Out in Oil Markets

Mar 15, 2024 at 09:08 | Michael Kern

It appears that bullish sentiment has finally broken out in oil markets, helped along by geopolitical uncertainty and an increasingly optimistic demand outlook.

DoE Study Finds New Way To Slash Energy Use in U.S. Homes

Mar 15, 2024 at 09:06 | Brian Westenhaus

U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) researchers make their case that millions of U.S. households would benefit from heat pumps. But

Bangladesh Launches Largest Offshore Exploration Drive in a Decade

Mar 15, 2024 at 08:56 | Felicity Bradstock

This month, the Bangladesh government invited international bids for oil and gas exploration in 24 blocks in the Bay of Bengal. This is aimed at increasing the country’s oil output.…

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