The International Energy Agency announced Wednesday it would supply the oil market with 60 million additional barrels of crude from its emergency stockpiles. The Paris-based IEA, which monitors energy supplies for the world’s leading developed economies, said details would be forthcoming. The news was enough to send oil prices down more than 5%. US oil […]
Onshore and offshore wind turbines photographed in Flevoland, the Netherlands. Mischa Keijser | Picture Source | Getty Images The wind energy sector had its second best year in 2021 but installations will need to dramatically increase going forward to keep track with net-zero goals, according to a new report from the Global Wind Energy Council. […]
Chairman Joe Manchin, DW.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the […]
Press play to listen to this article Having spent years cozying up to Russian oil and gas interests, Germany is now scrambling to loosen their grip and take back control of its critical energy infrastructure. Berlin is looking into forcing Kremlin-backed Gazprom to sell critical gas storage facilities across Germany, effectively meaning an expropriation of […]
A protester holds a ‘Save Us From The Energy Crisis’ placard during a rally in London. British households face soaring energy bills from April 1 as the country’s energy price cap rises by 54%. Vuk Valcic | Sopa Pictures | light rocket | Getty Images The number of English households in fuel poverty will double […]
Saudi Energy Minister Prince Abdulaziz bin Salman has said OPEC+ will keep politics out of its decision-making process in favor of the “common good” of stabilizing energy prices. Ian Forsyth | Getty Images News | Getty Images A group of some of the world’s most powerful oil producers on Thursday will meet to determine the […]
US stocks fell and oil prices climbed, as concerns about rising commodity prices and uncertain progress in cease-fire talks between Russia and Ukraine weighed on investors. The S&P 500 slipped 0.2% in early trading Wednesday, while the tech-focused Nasdaq Composite Index lost 0.2%. The Dow Jones Industrial Average was recently down less than 0.1%. On […]
You’re here (TSLA) – Get Tesla Inc Report dominates the electric vehicle market, and its lead is likely to grow. That’s because the manufacturer of the Model 3 sedan and the Model Y SUV is one of the few automakers able to meet demand in the face of supply-chain disruptions and rising prices for raw […]
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. yves herman | Reuters Saudi Arabia’s energy minister said Tuesday that OPEC+ will keep politics out of its decision-making in favor of the “common good” of stabilizing energy prices. […]
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
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