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Energy

Chevron Braces For Activist Investor Fight

Sep 03, 2021 at 14:53 | Tsvetana Paraskova

Chevron has recently met with representatives of activist investor hedge fund Engine No. 1 to talk about plans for emissions reductions, as the U.S. supermajor is getting ready…

Investors Are Increasingly Aware Of ‘Carbon Intensity’

Sep 03, 2021 at 14:50 | Leonard Hyman & William Tilles

Measuring carbon intensity is about to become a big business. The Big Four accounting firms have announced huge expansions of staff and investment to cater to this new…

Weaponizing Carbon Dioxide In The 21st Century

Sep 03, 2021 at 14:40 | Fernando C. Hernandez

In the 20th century, oil became a major geopolitical weapon, most notably during OPEC’s 1973 oil embargo which caused…

The U.S. Power Grid Is At Risk Of Catastrophic Failure

Sep 03, 2021 at 14:32 | ZeroHedge

Future electricity systems must be made more resilientProlonged blackouts in Louisiana following Hurricane Ida are a reminder the power grid needs to become more

Climate Czar Kerry Fails To Clinch Climate Deal With China

Sep 03, 2021 at 14:31 | ZeroHedge

China and the US have failed to reach a climate agreement after Biden's climate envoy John Kerry pushed Beijing to make more public pledges before a UN climate summit…

Car Sales Slump As Chip Shortage Continues

Sep 03, 2021 at 14:13 | Metal Miner

The Automotive Monthly Metals Index (MMI) fell by 1.4% for August’s MMI reading.

Is It Possible To Eliminate Greenwashing?

Sep 03, 2021 at 14:07 | Oxford Business Group

An initiative that encourages companies to meet science-based emissions targets has seen significant growth in recent months. The success of the Science-Based Targets Initiative (SBTi) has highlighted the…

U.S. Oil Rigs See Sharpest One-Week Decline In Over A Year

Sep 03, 2021 at 12:13 | Julianne Geiger

The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes—after rising by 5 last week. The total rig count is…

Oil Remains Elevated After Hurricane Ida Hurts Supply

Sep 03, 2021 at 10:56 | Josh Owens

A disappointing U.S. Non-Farm Payrolls report brought oil prices down slightly on Friday morning, but the supply destruction caused by Hurricane Ida looks set to keep prices elevated over the…

Fed Taper Delay Could Directly Benefit Oil Prices

Sep 03, 2021 at 10:06 | Julianne Geiger

After breaking the WTI $70 resistance level Thursday with 2.8% gains for both key benchmarks, prices have since slid, but with a weaker-than-expected jobs report, the Fed…

Apple Plans To Launch ''Mass Market'' Car In 2024

Sep 03, 2021 at 09:48 | ZeroHedge

For years, the rumors of Apple developing a mass market car were just that: rumors. But now it is starting to feel as though we are getting closer to the…

Iran Wants To Boost Oil Exports, Nuclear Deal Or Not

Sep 03, 2021 at 09:12 | Irina Slav

Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. "Good things will happen regarding Iran's oil…

India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project

Sep 03, 2021 at 09:01 | Irina Slav

A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company’s massive Vostok oil project, the…

Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd

Sep 03, 2021 at 08:41 | Charles Kennedy

The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and Environmental…

Extreme Weather Events Are Hurting Hydropower

Sep 02, 2021 at 16:03 | Felicity Bradstock

When Brazil’s Mines and Energy Minister appeared on TV earlier this week to plead with citizens to reduce their energy consumption due to a drought-induced hydropower crisis, he…

China Is Hoarding Crude Again, And That’s Great News For Oil Prices

Sep 02, 2021 at 15:41 | Alex Kimani

After recording the worst monthly loss this year in August, the oil markets have kicked off trading in September on a much brighter note on a trifecta of…

Natural Gas Prices Are Soaring Despite U.S. Production Records

Sep 02, 2021 at 15:11 | Tsvetana Paraskova

The benchmark U.S. natural gas price has nearly doubled over the past year. The front-month Henry Hub contract jumped from $2.406 per million…

Could The Emissions Market Outgrow The Oil Market?

Sep 02, 2021 at 14:57 | Irina Slav

In July this year, a group of asset managers with $6 trillion in assets under management called for a global price on carbon…

Biden Could Give Rare Earth Miners A Major Boost

Sep 02, 2021 at 14:45 | Alex Kimani

A global shortage in semiconductor chips has been wreaking havoc on diverse sectors, including the tech, automotive, consumer electronics industries, and everything in between. After years of tepid…

A New Geopolitical Conflict Is Looming Over The Arctic

Sep 02, 2021 at 11:39 | Haley Zaremba

The Arctic has been the source of geopolitical conflict and territorial disputes for centuries. From walrus ivory and seal skins starting in the…

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