Iran could close the major oil shipping route known as the Strait of Hormuz if necessary, the commander of Iran’s Revolution Guard’s navy said on Tuesday. But for now, it will keep it open, he […]
India has raised the share of coal in its power generation this month as sharply lower hydropower output is threatening blackouts as summer approaches. The share of coal in India’s power generation jumped to 77% […]
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia […]
LINCOLN — The developer of a carbon-dioxide pipeline and an environmental group have struck a “one-of-a-kind” agreement to ensure “community benefits” from the pipeline as well as support for the project. While similar CO2 pipeline […]
Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have outperformed the top tech stocks this […]
Welcome to Grid Brief! Here’s what we’re looking at today: FERC’s Christie presages transmission revisions, the EU imports more Russian LNG, and more. Christie: FERC Not a Transmission “Sugar Daddy” Photo by Thomas Despeyroux on […]
Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel from its previous projection. “That […]
CAMBRIDGE, Massachusetts — Lawyers advancing an effort to charge oil companies with homicide over climate-related deaths are ramping up their campaign to hold fossil fuel producers criminally accountable for contributing to climate change. The authors […]
The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate. The G20 group of developed and […]
Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. Russia […]
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