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HomeEnergyNews

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Nord
EnergyNews

Russia may demand compensation for Nord Stream pipeline blasts

March 27, 2023 Mariel Alumit

​ Reuters Gas leak at Nord Stream 2 as seen from the Danish F-16 interceptor on Bornholm, Denmark September 27, 2022. Danish Defence Command/Forsvaret Ritzau Scanpix/via REUTERS This content was produced in Russia, where the […]

Crude Oil News

Oil Extends Weekly Gain as Traders Look for Clues on Economy

March 27, 2023 Mariel Alumit

​Oil extended a weekly gain, with investors awaiting further economic data as the fallout from the banking crisis continued to ripple across markets.West Texas Intermediate futures edged toward $70 a barrel after climbing almost 4% […]

Crude Oil News

Russian Oil Flows Hold Fast Even as Kremlin Says Output Slashed

March 27, 2023 Mariel Alumit

​Russia’s seaborne crude flows are holding strong, meaning a pledge by the Kremlin to cut the nation’s production sharply has yet to feed through into supplies to the international marketplace. The nation’s shipments slid by 123,000 barrels […]

Energy Tech

What Peaks and Dips in US Funding of Energy R and D Mean for Innovation

March 27, 2023 Mariel Alumit

​President Joe Biden submitted his budget request on March 9. Although the numbers are bound to change before Congress approves it, federal funding of research and development — a small but significant corner of the US budget — could top $200 billion […]

Crude Oil News

Oil Traders’ Bearish Turn Signals Prices May Stay Low

March 27, 2023 Mariel Alumit

Ask the world’s biggest oil traders where the market is headed as prices hover near a 15-month low, and you’ll hear almost universal agreement: The stage is set for a rally. But an examination of […]

Energy Regulations

After five years of bureaucratic limbo, Cape Cod clean energy program finally comes to fruition

March 27, 2023 Mariel Alumit

After five years of rejections, revisions, appeals, and resubmissions, a Cape Cod energy organization has received state approval for a first-of-its-kind pilot program providing a package of solar panels, heat pumps, and battery storage to […]

Biden
Electric Vehicles

Biden Reaches Moment of Truth for Electric Vehicle Tax Credits

March 25, 2023 Mariel Alumit

​One week from today, the auto world will know where the Biden administration stands on some of the toughest policy questions surrounding the US transition to electric vehicles.Ever since Senator Joe Manchin shocked Washington by clinching a […]

Energy Storage

LG Energy Solution to Spend $5.5 Billion on US Battery Plants

March 25, 2023 Mariel Alumit

​LG Energy Solution Ltd. will invest 7.2 trillion won ($5.5 billion) building a giant manufacturing complex in Arizona as the electric-car battery maker seeks to speed up production in order to meet rising demand for […]

EnergyNews

Goldman Sees Biden’s Clean-Energy Law Costing US $1.2 Trillion

March 24, 2023 Mariel Alumit

US President Joe Biden’s landmark clean-energy law will cost roughly $1.2 trillion — three times more than the official government forecast — and spur trillions more in private-sector investments, according to Goldman Sachs Group Inc. […]

California
EnergyNews

California may punish oil companies for high gas prices

March 24, 2023 Mariel Alumit

SACRAMENTO, Calif. (AP) — A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the […]

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