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Could the Conflict Between Iran and Israel Turn Nuclear?

Could the Conflict Between Iran and Israel Turn Nuclear?

Iran's potential retaliatory measures following…

The Global Economic System is Reaching Its Limits

The Global Economic System is Reaching Its Limits

The world's economic myths, especially…

News

China's Coal Prices Set to Soar, Industry Experts Predict

China's Coal Prices Set to Soar, Industry Experts Predict

Apr 24, 2024 at 11:15 | Julianne Geiger

China's coal market is poised for a significant uptick in prices, according to fresh insights from the China Coal Transportation and Distribution Association (CCTD). General Manager Han Lei of CCTD's…

SunPower To Cut Jobs After its Stock Gets Hammered

SunPower To Cut Jobs After its Stock Gets Hammered

Apr 24, 2024 at 10:22 | Charles Kennedy

Just a day after announcing it would restate the past two years of financial results, beleaguered SunPower Corp. (NASDAQ:SPWR) on Wednesday said it would reduce its workforce, cut a selection…

U.S. Frackers Seek Ways to Reverse Well Productivity Declines

U.S. Frackers Seek Ways to Reverse Well Productivity Declines

Apr 24, 2024 at 09:26 | Tsvetana Paraskova

As well productivity in the U.S. shale patch has declined in the past two years, producers are looking to deploy new technology to reverse these declines, but small companies often…

U.S. Refiners Set to Report Strong Q1 Earnings

U.S. Refiners Set to Report Strong Q1 Earnings

Apr 24, 2024 at 09:09 | Tsvetana Paraskova

Disruptions to global oil product flows, still strong refining margins, and lowered U.S. refinery utilization are expected to have bolstered the quarterly earnings of American oil refiners in the first…

Biden Administration Plans 12 Offshore Wind Auctions by 2028

Biden Administration Plans 12 Offshore Wind Auctions by 2028

Apr 24, 2024 at 08:35 | Tsvetana Paraskova

The U.S. Department of the Interior announced on Wednesday a new five-year offshore wind leasing schedule, which includes up to 12 potential offshore wind energy lease sales through 2028. These…

Oil Firms Doubtful Trans Mountain Pipeline Will Start Full Service by May 1st

Oil Firms Doubtful Trans Mountain Pipeline Will Start Full Service by May 1st

Apr 24, 2024 at 03:50 | Tsvetana Paraskova

Oil companies planning to ship crude on the expanded Trans Mountain pipeline in Canada are concerned that the project may not begin full service on May 1 but…

Baker Hughes Reports Forecast-Beating Earnings in Q1

Baker Hughes Reports Forecast-Beating Earnings in Q1

Apr 24, 2024 at 02:38 | Irina Slav

Baker Hughes has reported forecast-beating financial figures for the first quarter of the year, joining Halliburton and SLB in booking robust performance amid strong demand for oilfield services. Baker…

Tesla Promises Cheap EVs by 2025

Tesla Promises Cheap EVs by 2025

Apr 24, 2024 at 02:33 | Charles Kennedy

Tesla has promised to start selling cheaper models next year, days after a Reuters report revealed that the company had shelved its plans for an all-new Tesla that would cost…

U.S. Crude Oil And Gasoline Inventories Drop Off

U.S. Crude Oil And Gasoline Inventories Drop Off

Apr 23, 2024 at 15:43 | Julianne Geiger

Crude oil inventories in the United States fell this week by 3.23 million barrels for the week ending April 19, according to The American Petroleum Institute (API). Analysts had estimated…

Permian Basin Dominates US Energy M&A Activity in Q1

Permian Basin Dominates US Energy M&A Activity in Q1

Apr 23, 2024 at 14:25 | Julianne Geiger

Houston-based data provider Enverus reported that the United States saw a record-breaking $51 billion worth of oil and gas deals in the first quarter of the year, with much of…

China's Coal Dependence to Persist Despite Global Climate Goals

China's Coal Dependence to Persist Despite Global Climate Goals

Apr 23, 2024 at 11:15 | Julianne Geiger

Amidst global efforts to phase out coal power by 2040, China's coal consumption is unlikely to decrease significantly by that time, according to a new report by Norwegian consultancy DNV.…

Renewables Giant NextEra Books Higher-Than-Expected Q1 Earnings

Renewables Giant NextEra Books Higher-Than-Expected Q1 Earnings

Apr 23, 2024 at 10:36 | Charles Kennedy

NextEra Energy Inc (NYSE: NEE) reported on Tuesday an 8.3% annual increase in its adjusted earnings per share for the first quarter, which topped analyst expectations, as…

Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source

Apr 23, 2024 at 09:18 | Charles Kennedy

The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest source of electricity generation for the first time, per data from think tank Ember quoted…

Oil Giants Seek Stakes in the UAE’s New LNG Export Project

Oil Giants Seek Stakes in the UAE’s New LNG Export Project

Apr 23, 2024 at 08:46 | Charles Kennedy

Large international oil and gas companies, including top LNG traders Shell and TotalEnergies, are in discussions to buy stakes in the new LNG export project of the United…

Polish Refiner Cancels Venezuelan Oil Deals as Sanctions Window Closes

Polish Refiner Cancels Venezuelan Oil Deals as Sanctions Window Closes

Apr 23, 2024 at 08:31 | Tsvetana Paraskova

Polish refiner Orlen has scrapped contracts to purchase Venezuelan crude and oil products after losing millions of U.S. dollars on prepayment for cargoes that haven’t been loaded while a wind-down…

UAE and Oman Sign $35 Billion Worth of Energy, Metals, and Infrastructure Deals

UAE and Oman Sign $35 Billion Worth of Energy, Metals, and Infrastructure Deals

Apr 23, 2024 at 07:15 | Tsvetana Paraskova

The United Arab Emirates and Oman signed on Tuesday $35 billion worth of investment partnerships in renewable energy, green metals, railways, and digital infrastructure and technology during the…

Halliburton Beats Earnings Forecast on High Oilfield Services Demand

Halliburton Beats Earnings Forecast on High Oilfield Services Demand

Apr 23, 2024 at 06:34 | Tsvetana Paraskova

Halliburton Company (NYSE: HAL) booked slightly higher-than-expected adjusted earnings for the first quarter, driven by rising international demand for oilfield services. The company, one of the world’s…

IEA Expects Strong EV Sales While Carmakers Flag Weaker Demand

IEA Expects Strong EV Sales While Carmakers Flag Weaker Demand

Apr 23, 2024 at 04:41 | Tsvetana Paraskova

Amid concerns in the auto industry about slowing electric vehicle sales with the phase-out of subsidies in key markets and consumers not yet convinced about affordability and range, the International…

Canada Wildfires Prompt First Evacuation Order in Oil Country

Canada Wildfires Prompt First Evacuation Order in Oil Country

Apr 23, 2024 at 03:47 | Charles Kennedy

Alberta authorities have issued the first evacuation order for this year as wildfires spread across Canada’s biggest oil producer. Per a Bloomberg report, the residents of a First…

California Considers Suing Exxon Over Plastic Pollution

California Considers Suing Exxon Over Plastic Pollution

Apr 23, 2024 at 02:49 | Irina Slav

California is close to completing a two-year investigation into Exxon on allegations of plastic pollution. After that, the state will decide whether to sue the supermajor for polluting or not.…

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