Volkswagen Group will spend $69 million on a 9.9 percent stake in lithium miner Patriot Battery Metals Inc. to secure raw materials for electric vehicles. The investment marks the European carmaker’s first investment in the […]
Oil prices are ending the year very close to where they started the fourth quarter, with very limited movement in the last three months despite some major catalysts. US oil demand hit a new record […]
End of Russia-Ukraine transit will add strain to tight market Higher prices set to last longer with futures showing premium European gas prices are up about 45% this year, adding to the burden on households […]
Ukraine will quadruple its domestic gas transmission tariffs for consumers from Jan. 1. Previously, Russia said it’s willing to continue supplying gas to Europe via Ukraine. The EU has warned member countries to prepare for […]
A coal plant in Texas will soon transition into a solar + storage facility to provide clean renewable energy to 47 rural South Texas counties. Electric Cooperative Inc. (SMECI) has been awarded a more than $1.4 billion investment by […]
US natural gas futures spiked due to forecasts of an arctic blast and polar vortex expected to hit the eastern US in mid-January. The extreme cold weather is predicted to last for weeks and significantly […]
A deal allowing Russian gas to transit to EU ends on Dec. 31 Slovakia is stepping up pressure for flows to continue The future of gas transit through Ukraine is at a turning point. If […]
Despite record-breaking EV sales in China and Norway, global oil demand remains strong. While China’s EV market surges, its oil demand continues to grow modestly, but India is emerging as the primary driver of global […]
Russian energy giant Gazprom announced on Saturday it will halt natural gas supplies to Moldova from January 1, citing the country’s refusal to pay debts. Moldova, a former Soviet state that relies heavily on Russian […]
The LNG carrier Pioneer, carrying sanctioned Russian LNG, was unable to find a buyer after a four-month global search. The ship was forced to return to the Koryak floating storage unit in Kamchatka, where the […]
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