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News

European ESG Funds Witness Heavy Decline in Inflows

European ESG Funds Witness Heavy Decline in Inflows

Apr 25, 2024 at 05:56 | Irina Slav

European exchange-traded funds with a focus on ESG investing saw a substantial decline in inflows in the first quarter amid what Morningstar called “an existential crisis”. According to the 

Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps

Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps

Apr 25, 2024 at 04:45 | Tsvetana Paraskova

Equinor (NYSE: EQNR) reported on Thursday consensus-beating earnings for the first quarter of 2024, driven by higher production in Norway and rising oil prices. The Norwegian energy…

U.S. Solar Manufacturers Press Biden to Impose Tariffs on Asian Imports

U.S. Solar Manufacturers Press Biden to Impose Tariffs on Asian Imports

Apr 25, 2024 at 03:43 | Irina Slav

A group of large solar panel producers from the U.S. have petitioned President Biden with a call to impose import tariffs on panels imported from Cambodia, Malaysia, Thailand, and Vietnam.…

Refinery Fires Force Mexico to Reverse Its Plan to Cut Oil Exports

Refinery Fires Force Mexico to Reverse Its Plan to Cut Oil Exports

Apr 25, 2024 at 01:57 | Charles Kennedy

Mexico has changed a plan to curb oil exports as fires at two Pemex refineries have affected local demand for the commodity. According to Pemex employees who spoke to 

Mining Giant BHP Makes Takeover Offer for Anglo American

Mining Giant BHP Makes Takeover Offer for Anglo American

Apr 25, 2024 at 01:23 | Irina Slav

Mining giant BHP has made an all-share offer for fellow major Anglo American. If completed, the deal would be the biggest one in the mining world in years. Anglo American…

Gas Prices Likely to Keep Falling Ahead of Peak Driving Season

Gas Prices Likely to Keep Falling Ahead of Peak Driving Season

Apr 24, 2024 at 14:25 | Charles Kennedy

With election-year prices at the pump a key campaign factor for U.S. presidential hopefuls, new projections indicate that the typical spring price spikes, which culminate in the Memorial Day driving…

OPEC Would Open Arms to Namibia, Encourages Investors to Consider

OPEC Would Open Arms to Namibia, Encourages Investors to Consider

Apr 24, 2024 at 12:51 | Charles Kennedy

OPEC Secretary General Haitham Al Ghais said in a statement on Wednesday that the group is looking forward to the prospect of a partnership with Namibia, the hottest new oil…

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…

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