From: Inside Story Failure of a safety-critical system forced the grounding of all departing planes in the United States for 90 minutes on Wednesday. Thousands of flights were disrupted – domestic and international – with […]
As OilPrice’s Alex Kimani writes, oil prices have kicked off the new year on the back foot, tumbling to large losses in the first week before staging a modest recovery in the second as demand […]
Tesla Inc. shares slid in premarket trading after slashing prices of its vehicles sold in the US. The goal is to attract new buyers as the electric vehicle maker struggles with a significant demand problem. […]
Iran has welcomed the possibility of a rapprochement between its ally Syria and Turkey, the main backer of the political and armed opposition to Damascus for more than a decade. “We are happy with the […]
The Caspian Pipeline Consortium (CPC), which handles the transportation and exports of most of the crude oil pumped in Kazakhstan, is ready to transport more crude to the export terminals on the Black Sea, CPC’s […]
After central bankers brought about recessions in the past, the world economy was able to recover by adding more energy supply. This time we are dealing with a situation of true depletion; there is no […]
China’s oil demand is expected to hit a record high 16 million bpd this year, an increase of 800,000 bpd. Having lifted its zero-Covid policy, China is currently suffering through an exit wave of Covid […]
One of the first U.S.-based wave energy power plants is set to be deployed at AltaSea’s 35-acre campus located at the Port of Los Angeles. Israeli firm Eco Wave Power, which unveiled the project on Jan. […]
RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman held a meeting with British Secretary of State for Business, Energy and Industrial Strategy Grant Shapps in Riyadh on Thursday. The two parties discussed prospects […]
Blockchain – the distributed, decentralized system that helps verify crypto transactions and record ownership of NFTs – requires a massive amount of computing power and electricity. And as the NFT marketplace and other Web3 technologies […]
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