Ukraine’s drone campaign to knock out Russian refining capacity is scoring some big hits, with as much as 12% of the world’s largest country’s refineries forced to suspend operations. The knock-on effect for tanker shipping […]
Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]
NEW YORK, March 18 (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in […]
China is doubling down on solar power production, making the West’s chances of catching up even slimmer. China has been outspending the rest of the world in clean energy deployment for years now, out-investing other […]
Germany’s state-controlled firm Securing Energy for Europe (Sefe) has signed a deal with ADNOC, under which Abu Dhabi’s national oil company will supply LNG to Germany for 15 years beginning in 2028. ADNOC signed the […]
Some private-equity firms backing oil-and-gas producers cashed in on rising consolidation in the U.S. shale industry last year, selling assets for an expected $30.55 billion and fueling distributions to investors—a contrast with the dearth of exit […]
HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]
TotalEnergies E&P USA Inc. has agreed to acquire Talos Low Carbon Solutions LLC—Talos Energy Inc.’s entire carbon capture and sequestration (CCS) business—for a combined total of about $148 million, the companies said in separate releases […]
Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers. “We are upgrading our retail network, with expanded electric vehicle charging and […]
The European Union and the United States intend to forge cooperation to curb the globe’s reliance on Russia in the nuclear energy supply chain, a joint statement said. This was agreed at the recent US-EU […]
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