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Asian Oil Imports Dropped in April

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The World’s Cheapest Electric Vehicle Is Coming To America

The World’s Cheapest Electric Vehicle Is Coming To America

Oct 27, 2021 at 11:53 | Haley Zaremba

“Electric Cars for Everyone? Not Unless They Get Cheaper,“ read a New York Times headline this August. Electric Vehicles (EVs) are a huge…

Recovering Airlines Could Lift Aluminum Demand

Recovering Airlines Could Lift Aluminum Demand

Oct 27, 2021 at 11:44 | Metal Miner

Few would argue that semiconductor shortages have hampered automotive output. Earlier in the year, automakers temporarily shuttered factories, cutting into output. According to Toyota,…

GM Slumps Despite Beating Wall Street Estimates

GM Slumps Despite Beating Wall Street Estimates

Oct 27, 2021 at 11:36 | ZeroHedge

Semiconductor shortage or not, General Motors posted a Q3 report that handily beat the street's estimates. The automaker also offered optimism in the form of their full year…

Japan’s Utilities Look To Switch To Oil As LNG Prices Soar

Japan’s Utilities Look To Switch To Oil As LNG Prices Soar

Oct 27, 2021 at 11:27 | Tsvetana Paraskova

Oil refiners in Japan have been asked by power-generating firms to provide additional oil supply to utilities, which are struggling to secure liquefied natural gas (LNG) at very high prices.…

Democrats Hope To Expose Big Oil’s Misinformation On Climate

Democrats Hope To Expose Big Oil’s Misinformation On Climate

Oct 27, 2021 at 10:45 | Charles Kennedy

Thursday’s Congressional hearing of top executives from Big Oil companies could be the start of a year-long investigation into whether the world’s largest oil firms have misled the public about…

Investors Don't Want Exxon, Chevron To Take On Solar, Wind

Investors Don't Want Exxon, Chevron To Take On Solar, Wind

Oct 27, 2021 at 09:13 | Tsvetana Paraskova

Many U.S. fund managers who are invested in Exxon and Chevron approve the strategies of the American oil supermajors not to seek growth in wind and solar projects, according to…

WTI Prices Jump As Cushing Crude Draw Worries Oil Market

WTI Prices Jump As Cushing Crude Draw Worries Oil Market

Oct 26, 2021 at 16:32 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported its fifth straight week of crude oil inventory builds. This week, the API estimated the inventory build for crude oil to be…

Oil Major Eni To Seek $17B Valuation Of Renewables Unit In IPO

Oil Major Eni To Seek $17B Valuation Of Renewables Unit In IPO

Oct 26, 2021 at 14:43 | Charles Kennedy

Italian oil and gas major Eni plans to seek a valuation of up to $17.4 billion for its renewables and retail business in the initial public offering of the unit…

Major Cost Increase Threatens Solar Power In 2022

Major Cost Increase Threatens Solar Power In 2022

Oct 26, 2021 at 12:56 | Rystad Energy

The surging cost of manufacturing materials and shipping could threaten 50 gigawatts (GW) – a staggering 56% – of the 90 GW of global utility PV developments planned for 2022,…

Norway Is A Big Winner In Europe’s Gas Crisis

Norway Is A Big Winner In Europe’s Gas Crisis

Oct 26, 2021 at 12:08 | Tsvetana Paraskova

Western Europe’s top oil and gas producer, Norway, booked its highest-ever exports in September, and its natural gas exports recorded an all-time high value as Europe is scrambling to secure…

Colder Weather Forecasts Jolt Gas Prices In Europe

Colder Weather Forecasts Jolt Gas Prices In Europe

Oct 26, 2021 at 11:17 | Tsvetana Paraskova

Gas prices in Europe rose on Tuesday as cooler temperatures in most of Western Europe are expected at the beginning of November. The gains were modest, however, as this week’s…

Norway PM: End Of Oil Production Could Jeopardize Energy Transition

Norway PM: End Of Oil Production Could Jeopardize Energy Transition

Oct 26, 2021 at 10:45 | Irina Slav

If Norway stopped producing oil and gas, this would jeopardize the European energy transition, the country’s new prime minister, Jonas Gahr Store, told the Financial Times in his first…

Iran’s Gas Stations Out Of Service Due To Possible Cyberattack

Iran’s Gas Stations Out Of Service Due To Possible Cyberattack

Oct 26, 2021 at 09:31 | Charles Kennedy

Iran’s gas stations stopped selling fuel on Tuesday, following an outage of a government system managing fuel subsidies which some local media attributed to a cyber attack, Associated Press

Grid Operator: France Needs Nuclear Power For Net-Zero

Grid Operator: France Needs Nuclear Power For Net-Zero

Oct 25, 2021 at 15:45 | Tsvetana Paraskova

France could reach net-zero emissions by 2050 if it continues to keep a large nuclear generation fleet in the long term and develop significantly renewable energy sources, the operator of…

Tesla Receives World's Single Largest EV Order Of 100,000 Cars

Tesla Receives World's Single Largest EV Order Of 100,000 Cars

Oct 25, 2021 at 13:20 | Charles Kennedy

Tesla has just received the single largest order for electric vehicles in the world, after car rental giant Hertz said on Monday it had placed an order for 100,000…

WTI Crude Hits Highest Level In 7 Years

WTI Crude Hits Highest Level In 7 Years

Oct 25, 2021 at 12:10 | Julianne Geiger

WTI crude hit the psychologically important $85 per barrel mark earlier on Monday—the highest the U.S. crude benchmark has traded since October 2014. WTI prices eased later in the…

China Looks To Significantly Reduce Fossil Fuel Consumption By 2060

China Looks To Significantly Reduce Fossil Fuel Consumption By 2060

Oct 25, 2021 at 11:26 | Charles Kennedy

China will gradually reduce the share of fossil fuels in its energy mix until it reaches 20 percent or lower fossil fuel use by 2060, the authorities of the world’s…

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Iran Needs $11 Billion To Develop Oil Fields Along The Iraqi Border

Oct 25, 2021 at 10:06 | Charles Kennedy

Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported, citing the new head of the National Iranian Oil Company…

Saudi Arabia Sets 2060 Net-Zero Deadline

Saudi Arabia Sets 2060 Net-Zero Deadline

Oct 25, 2021 at 08:51 | Irina Slav

Saudi Arabia plans to become a net-zero economy by 2060, the Kingdom's Crown Prince said this weekend, adding that it had revised up its emission-cuts target for 2030, too. Mohammed…

California Gasoline Prices Are Spiking

California Gasoline Prices Are Spiking

Oct 22, 2021 at 17:18 | Julianne Geiger

The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The…

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