Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) […]
By Wolf Richter for WOLF STREET. Mortgage rates dropped to 6.50%, the lowest since May 2023, according to the Mortgage Bankers Association today. But instead of re-igniting demand for homes from buyers who need mortgages, these dropping rates […]
The European Commission has announced the final results of its anti-subsidy investigation into Chinese electric vehicles, with Tesla receiving a reduced tariff rate of 9%. Other Chinese EV makers, including SAIC Motor Corp., Geely, and […]
Texas set an unofficial record for electricity use on Tuesday, driven by increased air conditioning demand during the August heatwave. ERCOT, the state’s grid operator, has not issued calls for energy conservation this year despite […]
Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over the period, compared with a build of 1.4 million barrels […]
Cheniere’s Corpus Christi liquefaction plant now has three operational trains with each having a capacity of about 5 mtpa. In June 2022, Cheniere took a final investment decision on the Corpus Christi Stage 3 expansion project worth about $8 billion […]
After two weeks of fighting, Ukraine claims to have taken control of 1,250 square kilometres of Kursk Oblast in Russia, but also of a gas terminal that supplies Europe. The town of Sudzha, just […]
Start-ups promising to power planes, ships, and trucks with ‘clean fuel’ are sputtering before they get off the ground thanks to high costs. Startups promising to power planes, ships, and trucks with clean fuel are […]
The country’s LNG imports rose 10.4 percent year-on-year to 5.62 million tonnes last month, the data shows. LNG imports rose compared to 4.57 million tonnes in June, which marked a slight rise year-on-year. Also, Japan imported 4.87 […]
Climate activist groups are putting up $55 million in support of Democratic VP Harris’ presidential campaign. Climate activist groups are putting up $55 million in support of Democratic Vice President Kamala Harris’ presidential campaign. [emphasis, […]
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