KEY POINTS Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans. Though consumer demand for EVs hasn’t shown up […]
The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up. The figures compared with a crude oil inventory build of 1.4 […]
“California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income so that the rich pay more and low-income residents pay less. Costly California […]
The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in […]
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, […]
A Russian tanker, sanctioned by the U.S. in the middle of February, has arrived at a Chinese port to discharge Russian crude in the province home to most of China’s independent refiners, Reuters reported on Wednesday, quoting […]
(Bloomberg) – Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter. Any changes to the company’s climate targets could […]
The notice for early EPC activities was issued to a joint venture comprising Technip Energies, JGC Corporation, and National Petroleum Construction Company, ADNOC revealed in a statement on March 12. ADNOC said the early EPC […]
Challenging Russia and China’s dominance in the global nuclear energy sector requires more than sanctions and wishful thinking. It’s essential to offer our energy-hungry world a genuine alternative to heavily subsidized, state-owned nuclear energy suppliers. That begins by empowering […]
Whatever one thinks about its causes, course, and consequences, the war in Ukraine rages on. That unavoidable fact has brought many in Europe to something of an epiphany. In late February, at a summit of […]
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