Summary More OPEC+ cuts likely next year, analysts say U.S. inventory reports seen showing rising crude stocks Coming up: API report, 2130 GMT LONDON, Nov 21 (Reuters) – Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the …
(Reuters) – Siemens Gamesa, the struggling wind division of Germany’s Siemens Energy (ENR1n.DE), plans to cut costs by around 400 million euros ($436 million) by 2026, according to presentation slides posted online ahead of the company’s capital markets day. The goal was to “simplify organization and optimize overhead costs” while the Siemens Gamesa’s onshore wind …
Siemens Energy’s Struggling Wind Unit Unveils $436 million in Cost Cuts Read More »
The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil. The 67-mile long pipeline was closed by Main Pass Oil Gathering Co …
U.S. Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico Read More »
The biggest oil-storage hub in the US — a massive network of tank farms known as the “Pipeline Crossroads of the World” — is rapidly losing its primacy as a signal for domestic supply and demand. For decades, traders watched inventory levels at Cushing, Oklahoma, to track US crude balances, but the US’s increasing integration …
Oil Traders Struggle as Decades-Old Signal of U.S. Market Weakens Read More »
(Bloomberg) It’s about to get very noisy in the climate world as more than 70,000 people flock to the United Arab Emirates for the COP28 summit starting next week. Making sense of the many announcements about to land will be a challenge. The main headlines will rightly focus on what nearly 200 countries agree on at the United Nations-backed …
How to Tell If a Climate Deal Will Succeed or Fail Read More »
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE An electric vehicle battery is typically made up of several components, including: Electrodes: The positive and negative electrodes are the heart of the battery. They are usually made of a metal oxide for the positive electrode and graphite for the negative electrode. Separator: The separator is a …
Components of An Electric Vehicle Battery – ENERGYminute Read More »
Courtesy of Visual Capitalist – See More From Visual Capitalist HERE The World Health Organization (WHO) estimates that air pollution leads to 7 million premature deaths every year. Out of the six common air pollutants, particulate matter measuring 2.5 microns or smaller in diameter, or PM2.5, is accepted as the most harmful to human health. This is due to …
Mapped: Air Pollution Levels Around the World in 2022 – Visual Capitalist Read More »
LONDON, April 14 (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three million …
OPEC+ Cuts Partly Due to Reshaping of Global Oil Flows, IEA Says Read More »
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo LONDON, April 14 (Reuters) – Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and …
OPEC+ Cuts Risk Oil Supply Deficit, Threaten Economic Recovery Read More »
LONDON, April 13 (Reuters) – Europe has ended the winter of 2022/23 with a record volume of gas in storage – which leaves much less refill needed ahead of the next heating season in 2023/24. Inventories in the European Union and the United Kingdom amounted to 632 terawatt-hours (TWh) on March 31, according to Gas …
Column: Europe’s Gas Outlook Transformed After Mild Winter Read More »
