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News

U.S. Braces For Expensive Gasoline This Summer

U.S. Braces For Expensive Gasoline This Summer

Mar 15, 2021 at 16:28 | Julianne Geiger

The United States could be on the cusp of a surge in gasoline prices with the price in some U.S. states rising to as much as $4 per gallon, according…

U.S. Overtakes Saudi Arabia As India’s No.2 Crude Oil Supplier

U.S. Overtakes Saudi Arabia As India’s No.2 Crude Oil Supplier

Mar 15, 2021 at 15:22 | Charles Kennedy

India boosted significantly crude oil imports from the United States in February, while it slashed purchases from the world’s top oil exporter, Saudi Arabia, to the point of America overtaking…

U.S. LNG Exports To Asia Surged By 67% In 2020

U.S. LNG Exports To Asia Surged By 67% In 2020

Mar 15, 2021 at 12:29 | Tsvetana Paraskova

U.S. exports of liquefied natural gas to Asia surged by 67 percent in 2020 as total LNG exports out of the United States jumped by 32 percent despite the record-low…

UAE Claims Ownership Of Oil Cargo U.S. Just Seized

UAE Claims Ownership Of Oil Cargo U.S. Just Seized

Mar 15, 2021 at 10:33 | Irina Slav

An Emirati oil and gas company owned by the ruler of Fujairah has surprised U.S. authorities by claiming an oil cargo the U.S. seized earlier this year, alleging that it…

NTSB: Tesla Uses Customers As Guinea Pigs For Autopilot Tech

NTSB: Tesla Uses Customers As Guinea Pigs For Autopilot Tech

Mar 15, 2021 at 09:43 | Charles Kennedy

The National Transport Safety Board has slammed Tesla for using customers to beta test its automated driving technology before its official approval. CNBC reports that the NTSB called on…

Record High Fuel Prices Hurt India’s Oil Demand

Record High Fuel Prices Hurt India’s Oil Demand

Mar 12, 2021 at 17:31 | Michael Kern

Record-high gasoline and diesel prices stalled India’s fuel demand recovery in February, with oil consumption down by 5 percent to its lowest level since September last year, government…

Colombia Will Back Its Coal Industry For Decades To Come

Colombia Will Back Its Coal Industry For Decades To Come

Mar 12, 2021 at 15:58 | Tsvetana Paraskova

The world’s fifth-largest coal exporter, Colombia, is confident that continued coal demand in Asia will warrant Colombian government support to the industry for at least two more decades, even after…

Tesla Looks To Develop EV Charging Infrastructure In India

Tesla Looks To Develop EV Charging Infrastructure In India

Mar 12, 2021 at 15:50 | Charles Kennedy

Tesla is in initial talks with the largest Indian integrated power company, Tata Power, about a possible agreement about electric vehicle (EV) charging infrastructure in India, CNBC-TV18 reported on…

Oil Exploration To Hit Record High In Guyana

Oil Exploration To Hit Record High In Guyana

Mar 12, 2021 at 13:51 | Rystad Energy

Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed…

China’s Steel Industry Has Been Hit Hard By Its ‘War On Pollution’

China’s Steel Industry Has Been Hit Hard By Its ‘War On Pollution’

Mar 12, 2021 at 12:45 | Metal Miner

In many emerging markets, economic growth has come at the stark price of appalling levels of pollution. But the Financial Times suggested that…

Saudi-Led Coalition Carries Out 32 Airstrikes Against Houthi Rebels

Saudi-Led Coalition Carries Out 32 Airstrikes Against Houthi Rebels

Mar 12, 2021 at 12:42 | ZeroHedge

The battlefield in Yemen is getting more volatile with each passing day. On March 10th, the Saudi-led coalition released a video claiming to have destroyed an Ansar Allah…

Europe Can’t Keep Up With Demand For Battery Metals

Europe Can’t Keep Up With Demand For Battery Metals

Mar 12, 2021 at 12:39 | MINING.com

A report on battery metals produced by Aperio Intelligence on behalf of Eurobattery Minerals forecasts a considerable increase in raw materials demand for…

California County Sued Over A Potential 43,000 New Oil Wells

California County Sued Over A Potential 43,000 New Oil Wells

Mar 12, 2021 at 11:20 | Irina Slav

The Sierra Club and several other environmentalist organizations are suing Kern County in California for approving a revised ordinance that will allow for the drilling of several thousand new oil…

Texas Strikes Back At The Anti-Fossil Fuel Lobby

Texas Strikes Back At The Anti-Fossil Fuel Lobby

Mar 12, 2021 at 11:11 | Irina Slav

As a growing number of Wall Street banks and virtually all major asset managers declare their shift away from fossil fuel investments, the Texas Senate is striking back with a…

Colorado Braces For The Worst Winter Storm In 135 Years

Colorado Braces For The Worst Winter Storm In 135 Years

Mar 12, 2021 at 10:15 | Tsvetana Paraskova

A major winter storm is expected to sweep through Colorado this weekend, potentially reducing oil and gas production in the Rockies and testing the utilities’ ability to provide power to…

Israel Strikes Iranian Oil Tankers Bound For Syria

Israel Strikes Iranian Oil Tankers Bound For Syria

Mar 12, 2021 at 08:59 | Charles Kennedy

The Israeli army has been striking Iranian oil tankers and other vessels, bound for Syria, for months, the Wall Street Journal reports, citing U.S. and Middle Eastern officials. The…

Battery Giant LG Chem To Invest $4.5 Billion In U.S. Expansion

Battery Giant LG Chem To Invest $4.5 Billion In U.S. Expansion

Mar 11, 2021 at 17:27 | Julianne Geiger

LG Chem is prepared to invest $4.5 billion over the next five years to expand battery capacity in the United States. In a Thursday email, according to Bloomberg Green,…

U.S. Needs To Cut Emissions By 57% To Meet Paris Agreement Goals

U.S. Needs To Cut Emissions By 57% To Meet Paris Agreement Goals

Mar 11, 2021 at 17:24 | Charles Kennedy

The United States needs to reduce its emissions by at least 57 percent by 2030 below 2005 levels to fulfill its share of the cuts consistent with the Paris Agreement,…

Mexico Energy Reform Sparks Wave Of Lawsuits

Mexico Energy Reform Sparks Wave Of Lawsuits

Mar 11, 2021 at 16:01 | Charles Hugh Smith

The Mexico chapter of the International Chamber of Commerce (ICC) expects a wave of international arbitrations and lawsuits in the coming weeks after Mexico enacted this week a new…

Gold Erases Gains On Rebounding Treasury Yields

Gold Erases Gains On Rebounding Treasury Yields

Mar 11, 2021 at 14:46 | MINING.com

Gold is heading for its first decline in three days, erasing…

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