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BYD Unveils Hybrid Powertrain with 1,250-Mile Range

BYD Unveils Hybrid Powertrain with 1,250-Mile Range

BYD's new hybrid powertrain technology…

What Does OPEC’s Strategy Shift Mean for the Oil Market?

What Does OPEC’s Strategy Shift Mean for the Oil Market?

OPEC+ changes course, announcing plans…

Energy

Oil Prices Set for Third Weekly Loss in a Row

Jun 07, 2024 at 00:33 | Irina Slav

Crude oil prices were on course to end the week with the third consecutive loss after OPEC+’s latest meeting surprised observers with the possibility of some supply returning…

Saudi Arabia Eyes Chipmakers for Diversification

Jun 06, 2024 at 15:54 | Charles Kennedy

Saudi Arabia is taking its economic diversification seriously. With oil prices increasingly unpredictable and disconnected from its energy policies, the Kingdom is looking for fresh growth opportunities elsewhere—including in semiconductors.…

Algorithm Trades Worsened The Oil Price Slump after OPEC's Decision

Jun 06, 2024 at 11:19 | Tsvetana Paraskova

The market reaction to OPEC's latest production policy announcement was excessively negative, partly due to many executed trades based on trend-following algorithms, analysts say. While most analysts see the OPEC+…

Russia Says it Continues to Cut Oil Production under OPEC+ Deal

Jun 06, 2024 at 09:58 | Charles Kennedy

Russia continued to cut its oil production in May per the OPEC+ agreements, Russian Deputy Prime Minister Alexander Novak said on Thursday, in another attempt to reassure the market that…

OPEC+ Reassures Oil Markets, Allays Oversupply Concerns

Jun 06, 2024 at 09:03 | Charles Kennedy

The energy ministers of the most influential OPEC+ producers presented a united front on Thursday, seeking to allay market concerns about oversupply and saying that the oil production plans unveiled…

A Cleantech Boom Is Underway

Jun 06, 2024 at 08:25 | Felicity Bradstock

There has been increasing interest and therefore greater investment in clean tech in recent years, as the U.S. strives to undergo a green transition. The Biden administration has pumped a…

Nigeria Looks to Lithium as Its Oil Industry Struggles

Jun 06, 2024 at 06:32 | Felicity Bradstock

As Nigeria’s oil reserves begin to dwindle after decades of drilling for crude, the West African country is shifting its attention to another valuable resource – lithium. There is a…

Commodity Stocks Poised for Further Gains

Jun 06, 2024 at 06:07 | ZeroHedge

By Farah Elbahrawy, Bloomberg markets live reporter and strategist Outperforming mining and energy stocks are set for further gains as a constructive backdrop for commodity prices and demand is set…

Markets Have Overreacted to OPEC’s Plan To Phase Out Production Cuts

Jun 05, 2024 at 15:29 | Alex Kimani

OPEC+ agreed on Sunday to extend most of its oil output cuts well into 2025 amid tepid demand growth, rising U.S. production and high interest rates. OPEC+ is currently…

Oil Under Pressure As EIA Confirms Rising Crude, Fuel Inventories

Jun 05, 2024 at 09:38 | Irina Slav

Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an estimated inventory build of 1.2 million barrels for the week to May 31. The change 

Why OPEC+ Failed To Put $80 Floor Under Oil Prices

Jun 05, 2024 at 09:36 | Tsvetana Paraskova

For years, market participants have been lamenting the lack of detailed communication from OPEC+ on the group's intended production beyond the following three months. This weekend, the alliance gave them…

Can Aramco Win Over Western Investors Yet?

Jun 05, 2024 at 09:21 | Irina Slav

Last week, Saudi Arabia’s energy behemoth Aramco announced a secondary offering of shares that was estimated to bring in up to $13 billion. The offering represented 0.64% of the company’s…

Rising Star Octopus Energy Signs Energy Storage Deal

Jun 05, 2024 at 08:11 | City A.M

Gresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK’s largest and fastest-growing energy suppliers. The energy storage fund owns a…

Centrica Shares Soar as Stability Returns to UK Energy Market

Jun 05, 2024 at 07:46 | City A.M

Centrica said today its plan to get the retail supply business back to a “sustainable” level of profit is two years ahead of schedule.

Heat-Resistant Aluminum Alloys: A Breakthrough in Aerospace Engineering

Jun 05, 2024 at 07:36 | Metal Miner

Via Metal Miner   Chinese scientists recently announced the development of a technique to significantly enhance the heat resistance of aluminum alloys. The…

European Battery Manufacturer Pauses Development As EV Demand Cools

Jun 05, 2024 at 07:33 | ZeroHedge

Troubling news for the electric vehicle market emerged from Europe on Tuesday. The first was the collapse of Porsche Taycan prices, and second, a battery plant owned by…

What Does OPEC’s Strategy Shift Mean for the Oil Market?

Jun 05, 2024 at 07:29 | ZeroHedge

By John Kemp, senior energy analyst Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers…

Saudi Aramco’s $12 Billion Share Sale Quickly Sells Out, but Who is Buying?

Jun 04, 2024 at 15:36 | Alex Kimani

Last week, Saudi Arabia’s energy giant Saudi Aramco (ARMCO) confirmed in a filing with the Saudi Exchange plans to sell shares in the state-owned oil company to help the kingdom…

Occidental Joins Berkshire In New Lithium JV

Jun 04, 2024 at 11:58 | Julianne Geiger

Occidental Petroleum has entered into a joint venture with Berkshire Hathaway’s BHE Renewables in a tie-up to extract and produce lithium compounds, Occidental said in a news release on Tuesday.…

Qatar’s Huge New Long-Term LNG Contracts Are Crucial for Both China and the West

Jun 04, 2024 at 11:51 | Simon Watkins

Although the U.S. and China are indirectly involved in the ongoing Russia-Ukraine and Israel-Hamas wars, the conflict between the world’s two leading Western and Eastern powers has not itself turned…

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