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Article Archive | Page 12

In Full War Mode, Israel To Double Gas Exports, Expand Production

Jul 04, 2024 at 15:59

The Israeli government has approved plans to more than double the country’s natural gas exports and expand production at the giant Leviathan Gas Field in a bid to…

New Technology Could Revolutionize Solar Power

Jul 04, 2024 at 12:04

As governments worldwide push for a green transition, companies around the globe are investing heavily in research and development into innovative ways to improve renewable energy production. New…

Brent Crude Hits $87.50 Amid Hurricane Beryl, But Gains May Be Short-Lived

Jul 04, 2024 at 13:42

Brent crude soared to $87.50 per barrel on July 4th for the first time since mid-April, holding firm as a flurry of bullish news supports crude prices in early July.…

Aramco Says Reports It is Considering Bid for Australian Santos are Inaccurate

Jul 04, 2024 at 11:19

Saudi Arabia’s oil giant, Aramco, told Reuters on Thursday that reports it was considering a bid for Australia’s Santos gas producer were inaccurate following widespread publication of a Bloomberg…

Beryl May Threathen Core of U.S. Refining Industry

Jul 04, 2024 at 09:53

The National Oceanic and Atmospheric Administration's (NOAA) National Hurricane Center (NHC) downgraded Hurricane Beryl to a Category 4 storm from a Category 5 on the Saffir-Simpson Hurricane Wind Scale on…

The EU Wants to Send Data Centers Into Space

Jul 04, 2024 at 06:53

Artificial intelligence (AI), machine learning, and other energy-intensive technologies are sending the global energy demand sky-high. With an increasing number of tech companies introducing AI software and several industries incorporating…

Houthis Escalate Attacks, Disrupting Key Maritime Chokepoint in June

Jul 04, 2024 at 09:30

About eight months after Iran-backed Houthi rebels began seriously disrupting maritime traffic in the southern Red Sea and Gulf of Aden, June recorded the highest number of missile and…

The U.K. North Sea Oil Industry Is in Decline

Jul 04, 2024 at 06:48

The U.K. North Sea oil operations are in decline and even the recent natural gas boom is unlikely to return the region to its former glory. With oil demand expected…

The Future of Oil Demand Is Increasingly Clear as Trends Solidify

Jul 04, 2024 at 06:43

In June, the International Energy Agency (IEA) forecast peak oil demand growth in less than six years. Later that same month, the Energy Institute revealed demand is still…

Standard Chartered: Oil Rally Will Extend Well Beyond $90 Per Barrel

Jul 03, 2024 at 14:37

The energy sector finished the second quarter as the second worst performer among U.S. market sectors, posting a -4.5% return compared to a 4.6% gain by the S&P 500 as oil demand…

Georgia's Anaklia Port: A Geopolitical Tug-of-War

Jul 03, 2024 at 08:24

This time of year, the din of tourists can be heard in many areas along Georgia’s Black Sea coast. But the beaches of Anaklia are eerily silent year-round.…

Germany's Grid Is Getting Greener as its Industry is Weakening

Jul 03, 2024 at 13:32

Germany is making progress in boosting the share of renewable energy sources in its power supply, but it should be applauded with a cautionary note because the bulk of that…

European Reliance on Russian Gas Persists Despite Sanctions

Jul 03, 2024 at 08:33

A British business that trades in Russian liquefied natural gas (LNG) by operating an “unusual ship”, has not been breaching the sanctions put in place after the Russian…

Central Banks Tread Cautiously Despite Easing Inflation

Jul 03, 2024 at 08:29

Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday despite the…

Xi Jinping and Putin Strengthen Eurasian Influence at SCO Summit

Jul 03, 2024 at 08:27

Chinese leader Xi Jinping, Russian President Vladimir Putin, and other leaders who are members of the Shanghai Cooperation Organization (SCO) will kick off a two-day summit in Kazakhstan…

India's Steel Industry Battles Cheap Chinese Imports

Jul 03, 2024 at 08:13

Via Metal Miner With a new government in place following the recent general elections, Indian steel manufacturing firms are again clamoring for the imposition of more import duties…

Tech Giants' Power Needs Could Jeopardize U.S. Grid Reliability

Jul 03, 2024 at 10:26

Soaring power demand for data centers is prompting Big Tech to seek a reliable 24/7 electricity supply from zero-emission sources to keep their green pledges intact. One source in America…

Oil Prices Rise As EIA Confirms Huge Crude Draw

Jul 03, 2024 at 09:37

Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28. The inventory change 

Red States Win Legal Battle Against Biden's LNG Export Restrictions

Jul 03, 2024 at 08:09

A federal court halted President Biden's war on America's energy independence by reversing a temporary moratorium on permitting new licenses for liquified natural gas (LNG) exports. This is a major…

Oil Prices Surge as Geopolitical Risk and Crude Demand Both Rise

Jul 03, 2024 at 07:44

Crude Oil Market: Key Drivers Behind This Week's Price Surge Light crude oil futures have climbed 2.12% this week, driven by a mix of bullish factors. Geopolitical tensions in the…

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