ExxonMobil Corporation XOM, the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 […]
Planned maintenance in Norway, Europe’s top gas supplier, could increase gas and LNG prices this summer. Geopolitical tensions in the Middle East and Ukraine raise concerns about gas supply disruptions, further impacting prices. New LNG […]
Iran’s Central Bank has reportedly been hit by a major cyberattack, causing widespread disruption to the country’s banking system. The attack comes amid heightened tensions with Israel, and some speculate it could be a retaliatory […]
Toronto single-family prices -15% from peak, condos at multiyear lows. Calgary & Quebec City reach new highs. By Wolf Richter for WOLF STREET. Home sales across Canada dipped 0.7% in July from June, seasonally adjusted, and remain about […]
An ethical hack of solar panels in the Netherlands has revealed their vulnerability to cyber attacks, prompting industry calls for more rigorous safety assessments. While wind turbines, which are highly networked and equipped with […]
China’s coal imports are soaring, driven by rising power demand and low international prices. LNG imports have also increased due to lower spot prices and growing demand for transportation fuel. Crude oil imports have declined, […]
Oil prices rose after a two-day slump, fueled by worries about potential conflict in the Middle East following the killing of a Hamas leader. This price increase came despite a surprise inventory build reported by […]
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024. Refiners’ gross inputs of crude and unfinished […]
Natural gas has all the attributes of a wonder fuel: It is abundant, made in America, clean-burning, reliable, and cheap. So why does Kamala hate it? Among the great mythologies of recent years, one stands […]
After insisting that it was not trying to ban gas stoves, the Biden-Harris administration locked in a gas stove rule over numerous objections. The Biden administration locked in a gas stove rule on Monday after […]
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