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Energy

Sanctions Begin To Bite Into Russian Oil Exports

Mar 27, 2024 at 16:16 | Tsvetana Paraskova

The tightening sanctions on Russia's oil exports are raising freight costs for moving Russian crude and having India scrutinize deliveries to avoid opaque trades. The U.S. upped the ante in…

TotalEnergies’ South Africa Ambitions: Wise or Risky?

Mar 27, 2024 at 12:48 | Irina Slav

Two environmentalist groups have challenged in court French oil major TotalEnergies’ plans to drill five wells offshore South Africa. The groups seek to stop the drilling, claiming that the…

Has Europe Done Enough to Avoid an Energy Crisis Next Year?

Mar 27, 2024 at 10:04 | Charles Kennedy

Europe is set to exit the winter heating season with another record-high level of natural gas inventories, which could spare the EU price spikes and another energy crisis next winter,…

Oil Moves Down on Inventory Rise

Mar 27, 2024 at 09:38 | Irina Slav

Crude oil prices were in the red today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March 22. This 

U.S. Heavy Industries Get Green Makeover with $6 Billion Boost

Mar 27, 2024 at 09:04 | Felicity Bradstock

The latest green transition move by the U.S. government is to invest in the decarbonisation of hard-to-abate industries. The White House has announced that it will provide funds for companies…

Western Wind Turbine Manufacturers Struggle to Compete with Chinese Pricing

Mar 27, 2024 at 08:58 | City A.M

China is quietly dominating another major global sector, wind power. The country accounted for two-thirds of the entire global

Cool Paint Coatings Can Help Mitigate the Urban Heat Island Effect

Mar 27, 2024 at 08:56 | Brian Westenhaus

A Nanyang Technological University real-world study has shown that the use of cool paint coatings in cities can help pedestrians feel up to 1.5º Celsius (2.7º F)…

Nissan Unveils New Strategy to Combat Influx of Competitive Chinese EVs

Mar 27, 2024 at 08:49 | ZeroHedge

Nissan is the latest manufacturer to aim to cut EV costs in order to keep up with an increasingly competitive and saturated landscape. The company is now seeking…

Pump Prices Set to Hit $4 a Gallon

Mar 27, 2024 at 08:47 | ZeroHedge

US oil prices have recently jumped above the $80 a barrel mark - the highest level since late 2023, sending worrying signals to the Federal Reserve and overly…

AI Surge Has Big Tech Scrambling for Power Supply

Mar 26, 2024 at 14:23 | Tsvetana Paraskova

The surge in AI technologies and the massive build-out of data centers in America have had the biggest tech corporations scrambling for grid connection and reliable power supply to power…

Traders Are Buying Oil At The Fastest Rate Since 2020

Mar 26, 2024 at 14:06 | Irina Slav

After months of skepticism, traders seem to have finally realized that OPEC+ is serious about keeping crude oil supply constrained. Per the latest weekly data from Reuters, as 

Oilprice Exclusive: An Interview With OPEC Sec. Gen. al-Ghais

Mar 26, 2024 at 13:53 | Alan Mammoser

Since the public spat over long-term forecasts between the leading voice of the world’s oil producers – OPEC – and consumers – the International Energy Agency (IEA) –…

Goehring and Rozencwajg: EVs May Never Achieve Widespread Adoption

Mar 26, 2024 at 10:06 | ZeroHedge

“Electric vehicles (EVs) are pilling up on lots across the country as the green revolution hits a speed bump, data show.”~ USA Today, November 14, 2023 “Hertz Global Holdings announced…

Can We Find a Balance Between Economic Growth with Environmental Sustainability?

Mar 26, 2024 at 09:49 | Kurt Cobb

The perils that threaten the continuity of human civilization are so obvious that it is puzzling that so little is being done to counter these perils. In fact,…

UK Trade Union Prepares for Showdown with Tata Steel

Mar 26, 2024 at 09:24 | Metal Miner

Via Metal Miner   The latest steel news and sources from the UK indicate that the Community trade…

Price Cap Shakeup? Ofgem Considers Options for a Changing Energy Market

Mar 26, 2024 at 09:03 | City A.M

A “more dynamic” price cap could be introduced by Ofgem based on the time of day households use its energy

Investors Brace for Impact as Crude Markets React to Rising War Risks

Mar 26, 2024 at 09:00 | ZeroHedge

A twin crisis is unfolding for the administration as the Ukrainian military bombs key crude refineries deep within Russian territory with suicide drones. The administration has

Bullish Sentiment Brings $90 Oil Within Reach

Mar 26, 2024 at 08:43 | Michael Kern

In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts…

U.S. Gas Producers Optimistic Despite Very Low Natural Gas Prices

Mar 25, 2024 at 17:16 | Tsvetana Paraskova

Despite multi-year low natural gas prices in the United States, domestic producers continue to be optimistic about the long-term prospects of gas as a fuel, both in America and abroad.…

Iraq And Iran Will Expedite Development Of Sanctions-Busting Shared Oil Fields

Mar 25, 2024 at 12:38 | Simon Watkins

A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that Iran has been producing much more oil than widely known, with…

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