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Energy / Energy-General

Oil Demand In Transport Sector May Drop By Up To 50% By 2050

May 10, 2023 at 13:40 | Alex Kimani

With the global energy transition in full swing, few clean energy sectors, if any, are expanding faster than the electric car market. A decade ago, a grand total…

A Battery Breakthrough That Could Solve A Major Problem For The West

May 10, 2023 at 10:10 | Brian Westenhaus

Texas A&M University chemical engineers have discovered a 1,000% difference in the storage capacity of metal-free, water-based battery electrodes. Chemical engineering professor Dr. Jodie…

Can Argentina’s Oil Industry Help Stave Off An Economic Crisis?

May 10, 2023 at 09:03 | Matthew Smith

Argentina, which with a 2022 gross domestic product of $632 million is Latin America’s third-largest economy, is once again in the midst of…

Short Sellers Are Taking Control Of Oil Markets Once Again

May 10, 2023 at 08:28 | Alex Kimani

The collapse of Silicon Valley Bank in March triggered massive capital flight from oil to precious metals as panic spread that this could…

America’s Largest Wind Farm Is Finally Moving Forward

May 10, 2023 at 08:23 | Haley Zaremba

The largest wind project in the Western Hemisphere is finally ready to begin construction. After nearly two decades on the drawing board, the 3,500-megawatt (MW) wind farm will…

The World Shouldn’t Just Abandon Coal Mines

May 10, 2023 at 08:19 | Felicity Bradstock

As coal mines are being decommissioned at a more rapid rate, in a move away from the most polluting forms of fossil fuels, governments worldwide are considering how…

Oil Prices Sink As Inflation Anxiety Builds

May 10, 2023 at 01:21 | Irina Slav

Crude oil prices were once again on the decline today in Asian morning trade, extending a slip that began yesterday after the American Petroleum Institute surprised markets by estimating an…

Oil Majors Are Preparing For A Difficult Period

May 09, 2023 at 11:40 | Irina Slav

The piles of cash Big Oil made from last year's energy crunch have become the stuff of legend. They have also become a weapon in the hands of…

Supply Disruptions Fail To Break Bearish Sentiment

May 09, 2023 at 09:20 | Michael Kern

Supply-side disruptions and promising fundamentals appear to be unable to shake the recession fears that continue to weigh oil prices down. While several banks and analysts believe oil prices are…

Iran Ramps Up Trade With BRICS Nations

May 09, 2023 at 06:14 | ZeroHedge

Non-oil trade between Iran and members of the BRICS alliance of emergent economies – Brazil, Russia, India, China, and South Africa – reached $38.43 billion

What’s Next For The World’s Largest Oil Company As Profits Decline?

May 09, 2023 at 06:08 | Cyril Widdershoven

Saudi Aramco, the world's largest oil company, has made headlines once again with its lower Q1 profits of $31.9bn, which is a 19.25% decrease compared to the…

The Clean Energy Boom Has A Major Waste Problem

May 09, 2023 at 06:04 | Haley Zaremba

Renewable energy is on a massive growth trend. Solar and wind installation rates are soaring and EV sales continue to balloon as technology advances, prices become more competitive,…

As Europe Turns To Morocco For Clean Energy, North Africa May Lose Out

May 09, 2023 at 05:59 | Haley Zaremba

Morocco is at a crossroads. Its ecological conditions, with the sun of the Sahara and the wind of the Atlantic coast, make it a prime candidate for massive-scale…

The U.S. Needs To Double The Size Of Its Energy Grid

May 09, 2023 at 05:54 | Haley Zaremba

In order to keep up with the expansion of renewable energy production capacity, the United States will have to more than double the current size of the electric…

Saudi Aramco’s Q1 Profit Slips By 19% Year-Over-Year  

May 09, 2023 at 04:53 | Tsvetana Paraskova

Saudi oil giant Aramco on Tuesday reported a first-quarter net income of $31.9 billion, down by 19% from the first quarter of 2022 as macroeconomic concerns dragged down oil…

Oil Prices Dip As Traders Brace For U.S. Inflation Data

May 09, 2023 at 02:26 | Irina Slav

Crude oil prices began Tuesday trade with a dip as traders brace up for the April inflation data, to be released on Wednesday. The data would give traders a…

The Very Bumpy Path Ahead For The Global Economy

May 08, 2023 at 15:08 | Gail Tverberg

In the post-World War II era, the US has been known for its hegemony–in other words, its leadership role in the world economy. According to one definition, hegemony is the…

U.S. Gasoline Prices Dip Again

May 08, 2023 at 13:52 | Julianne Geiger

The U.S. average gasoline price has fallen for the third week in a row, falling another 7.5 cents per gallon from a week ago, according to GasBuddy data. U.S. gasoline…

U.S. Economy Teetering On The Brink Of A Recession

May 08, 2023 at 13:20 | Alex Kimani

After testing multiyear lows over the past few weeks driven by fears of a recession and risk aversion prompted by turmoil in U.S. banking, oil prices are climbing…

Oil Gains Nearly 2% After ‘Overblown’ Selloff

May 08, 2023 at 10:25 | Charles Kennedy

Brent crude oil was up nearly 2% on Monday, largely driven by the easing of economic slowdown fears in the U.S.

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