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Gigafactory Demand Leads To Price Explosion In Battery-Grade Lithium

Gigafactory Demand Leads To Price Explosion In Battery-Grade Lithium

Domestic Chinese battery-grade lithium carbonate…

America's Largest ESG Fund Has No Direct Renewable Holdings

America's Largest ESG Fund Has No Direct Renewable Holdings

Environmental, Social and Governance (ESG)…

Oil Rig Count Inches Higher As Prices Drop

Oil Rig Count Inches Higher As Prices Drop

After having taken a breather…

News

Is This The Carbon Capture Technology Of The Future?

Is This The Carbon Capture Technology Of The Future?

Feb 10, 2021 at 17:55 | Fernando C. Hernandez

As the world increases its Net Zero and decarbonization efforts, many Energy Transition technologies are being introduced to meet the Paris Agreement’s global temperature targets,…

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

Feb 10, 2021 at 17:52 | Charles Kennedy

WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook…

WoodMac: Global Green Car Sales To Overtake Gas Vehicles Until 2047

WoodMac: Global Green Car Sales To Overtake Gas Vehicles Until 2047

Feb 10, 2021 at 16:05 | Tsvetana Paraskova

Global sales of battery electric vehicles, fuel-cell vehicles, and plug-in hybrids are set to exceed the sales of light-duty vehicles with internal combustion engines for the first time in 2047,…

OPEC+ Won’t Raise Output For Another Month

OPEC+ Won’t Raise Output For Another Month

Feb 10, 2021 at 15:53 | Julianne Geiger

OPEC+ will meet again on March 4, but the group will likely agree to keep the same level of oil production through April 2021, Iraqi Oil Minister Ihsan Abdul-Jabbar said…

Bacanora Lithium Starts Work At Flagship Project In Mexico

Bacanora Lithium Starts Work At Flagship Project In Mexico

Feb 10, 2021 at 13:48 | MINING.com

Exploration and development company Bacanora Lithium (LON:BCN) said on Wednesday it had…

This Texas Oil Company Just Became The Latest Meme Stock

This Texas Oil Company Just Became The Latest Meme Stock

Feb 10, 2021 at 11:59 | Irina Slav

A small crude oil company based in Texas is seeing a surge in out-of-the-money call options in what could be a sign of another burst of retail trader action, Bloomberg…

Energy Committee Chief Asks Biden To Reconsider Ban On Keystone XL

Energy Committee Chief Asks Biden To Reconsider Ban On Keystone XL

Feb 10, 2021 at 10:13 | Charles Kennedy

The new Chair of the Senate Energy Committee, Sen. Joe Manchin, has asked President Biden to reconsider revoking the license for the Keystone XL oil pipeline in the latest episode…

Equinor Exits The Bakken Shale As It Books Record Loss

Equinor Exits The Bakken Shale As It Books Record Loss

Feb 10, 2021 at 09:29 | Tsvetana Paraskova

Equinor is selling all its assets in the Bakken shale play as part of a strategy to boost the profitability of its international upstream business, the Norwegian major said on…

Oil Prices Slip On Large Gasoline Build

Oil Prices Slip On Large Gasoline Build

Feb 09, 2021 at 15:59 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 3.500 million barrels for the week ending February 5. Analysts had predicted an inventory build…

Saudi Arabia’s Central Bank Just Made A Historic Move

Saudi Arabia’s Central Bank Just Made A Historic Move

Feb 09, 2021 at 14:52 | Tsvetana Paraskova

Saudi Arabia has recently overhauled the role of its central bank, for the first time ever, in a move that could mark an acceleration of Crown Prince Mohammed bin Salman’s…

Germany’s Gas Storage Depletes Fast Amid Lower Gazprom Flows

Germany’s Gas Storage Depletes Fast Amid Lower Gazprom Flows

Feb 09, 2021 at 14:33 | Tsvetana Paraskova

Germany’s gas storage levels are lower than typical for the beginning of February in full winter season, and the main reason for this is reduced natural gas pipeline flows…

Tesla's $25,000 China-Made Compact Car To Sell Globally

Tesla's $25,000 China-Made Compact Car To Sell Globally

Feb 09, 2021 at 13:21 | OPC Markets

Tesla China, which is set to design a new compact $25,000 Tesla in Shanghai, will eventually sell the model worldwide, Teslarati reported on Tuesday, citing a recent interview of…

National Oil Companies On Collision Course With Climate Targets

National Oil Companies On Collision Course With Climate Targets

Feb 09, 2021 at 10:36 | Irina Slav

State-owned oil companies are on course to invest $400 billion in oil and gas projects that could only break even if the world exceeds the Paris Agreement targets, a think…

Total Reports Huge Loss For 2020

Total Reports Huge Loss For 2020

Feb 09, 2021 at 09:36 | OPC Markets

French supermajor Total reported a net loss of $7.2 billion for 2020, down from a profit of $11.27 billion for 2019, and said it will change its name to…

Amazon Moves On Its Largest Renewable Project

Amazon Moves On Its Largest Renewable Project

Feb 08, 2021 at 17:44 | Julianne Geiger

Amazon (NASDAQ: AMZN) has reached a deal for its largest renewable energy project yet—one that will allow it to purchase 380 MW of wind energy. Hollandse Kust Noord—a wind farm…

Tesla's Strategic Investment Could Make Indonesia A Battery Hub

Tesla's Strategic Investment Could Make Indonesia A Battery Hub

Feb 08, 2021 at 17:05 | MINING.com

In December 2020, reports emerged that Tesla would send delegations to Indonesia…

Oil Loading At Libyan Export Terminal Disrupted Again

Oil Loading At Libyan Export Terminal Disrupted Again

Feb 08, 2021 at 14:07 | Charles Kennedy

A tanker had to leave Libya’s Hariga export terminal without oil after members of the Petroleum Facilities Guard stopped the vessel from loading crude amid an ongoing strike over delayed…

Egypt Set To Launch Next Oil & Gas Auction This Month

Egypt Set To Launch Next Oil & Gas Auction This Month

Feb 08, 2021 at 12:31 | Tsvetana Paraskova

Egypt’s state oil and gas companies are set to launch the country’s new oil and gas exploration bid round by the end of this month, the petroleum minister said a…

Iran Denies Knowledge Of Oil Tanker U.S. Wants To Seize

Iran Denies Knowledge Of Oil Tanker U.S. Wants To Seize

Feb 08, 2021 at 10:39 | Irina Slav

Iran has denied any knowledge of an oil tanker that the United States has targeted for seizure because it was used to export crude from Iran despite U.S. sanctions, Bloomberg…

Venezuela Jails PDVSA Managers For Providing Oil Data To U.S.

Venezuela Jails PDVSA Managers For Providing Oil Data To U.S.

Feb 08, 2021 at 09:45 | Tsvetana Paraskova

Venezuela has jailed for five years two former managers at its state oil firm PDVSA for providing sensitive data about Venezuelan oil operations to the United States, Venezuela’s attorney general…

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