MOSCOW, Sept 28 (Reuters) – Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and will remain in place until the domestic market stabilises, TASS news agency reported. Shulginov also said that some additional measures could be taken in order to tackle the fuel shortages, …
Russia’s Fuel Export Ban Will Not be Lifted Soon, TASS Reports Read More »
The US shale patch appears to be far from getting a handle on its record oil-field costs, according to the latest energy report by the Federal Reserve Bank of Dallas. Most oil executives surveyed by the bank now expect drilling and fracking expenses to climb next year, the Dallas Fed said Wednesday. At the same time, 84% …
U.S. Shale Executives Are Bracing for Record Costs to Get Worse Read More »
(Reuters) – Solar stocks have been some of the hardest hit equities in U.S. markets this year, with several major solar firms nursing stock price losses of more than 50% and a major solar-based exchange-traded fund (ETF) down roughly 30%. High interest rates that caused financing costs for panel installations to surge and enduring supply …
Beaten Down U.S. Solar Sector May be Primed for a Rebound Read More »
Oil and gas activity in three key energy producing states rose modestly in the third quarter, according to a survey released on Wednesday, but cost increases continue. Exploration is driving the increase, with the survey’s business activity index, reaching 10.9 in the third quarter, from zero in the second, the Federal Reserve Bank of Dallas …
Oil and Gas Activity Rises Modestly, But Cost Increases Continue – Dallas Fed Survey Read More »
Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies.Production of Volkswagen’s ID.3 and Cupra’s Born electric models will be dialed back at the German carmaker’s main EV factory in Zwickau until Oct. 16, a spokesperson said. Assembly of the ID.3 at …
Volkswagen Cuts EV Output at German Sites as Demand Craters Read More »
(Reuters Breakingviews) – The green energy boom is facing new headwinds. Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. Now fracturing supply chains and higher interest rates are pushing up prices – and testing the resolve of consumers and governments. It took a while for the world to …
The Blowback: Green Energy’s Tailwinds Blow the Other Way Read More »
The Canadian and U.S. federal governments want to fundamentally reshape the automobile industry via regulations, mandates and subsidies. These efforts bring to mind the story of King Canute, and will likely end the same: failure. At his height of power, so goes the story, King Canute ordered his throne to be set on the seashore. With …
Clairmont, Alberta – September 1, 2023 – In a strategic move to strengthen its position in the market and foster innovation, TARA Energy Services Inc. (“TARA”) is excited to announce the successful acquisition of Lyons Production Services Ltd. (“Lyons”). This landmark acquisition represents a pivotal step forward in the company’s growth trajectory, combining the expertise …
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Lego is finding out that everything is not always awesome in the pursuit of sustainability, even if it’s fun when you’re part of a team. What happened: Lego has called it quits on its flagship sustainability project to replace its oil-based plastic bricks with ones made of recycled …
Lego Goes Back to Oil Based Plastic Bricks – ENERGYminute Read More »
(Reuters) – Oil prices may be near $100 a barrel, but a range of factors could prevent a sustained rally above that level, analysts say. They include a projected rise in non-OPEC production, in addition to Russia’s need to boost supply to increase revenue and the potential for oil demand to slow given already-high interest …
Analysis: Oil Price Rally Set to Falter as Demand Doubts Loom Read More »
