After years of pumping cash into the sizzling electric-vehicle market, Tesla Inc. and other major automakers are facing a new dilemma: what to do when demand chills. While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably. As a result, Tesla, the world’s EV leader, and legacy automakers that had …
Cooling EV Sales Have Tesla, GM and Ford Rethinking Investments Read More »
Summary Oil futures up by 1% on Monday Saudi Arabia and Russia recommit to supply cuts to year end China’s refinery throughputs slowing from record levels LONDON, Nov 6 (Reuters) – Oil prices rose on Monday, after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end …
Oil Rises by 1% as Saudi Arabia, Russia Stick to Cuts Read More »
HOUSTON, Nov. 03, 2023 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ending September 30, 2023. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on November 6, 2023. For the third quarter of 2023, the Company reported net income from …
Superior Energy Services Announces Third Quarter 2023 Results and Conference Call Read More »
European governments are reassessing EU-directed green policies amid public unease By Shawn Logan Activists and coal opponents stand at the demolition edge of the Garzweiler II open pit lignite mine during a protest by climate activists after the clearance of the town of Lützerath, in the North Rhine-Westphalia of Germany.Photo by Federico Gambarini/Getty Images European …
How “Greenlash” is Forcing Europe to Scale Back Ambitious Net Zero Policies Read More »
A business model that allows Dominion Energy Inc. to be both a wind farm developer and a customer-facing utility is helping the company succeed in sharp contrast to others in the industry that are delaying or canceling US projects. The company announced Friday it anticipates producing electricity at its $9.8 billion Coastal Virginia wind farm …
How Dominion Avoided Pitfalls to Prosper in Wind Farm Industry Read More »
By Ron Bousso (Reuters) – Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour. The contrasting outcomes highlight the risky nature of trading divisions, at times notching …
Energy Giants’ LNG Trading Results Reveal Diverging Regional Bets Read More »
(Reuters) – Oil prices settled more than 2% lower on Friday as supply concerns driven by Middle East tensions eased, while jobs data raised expectations the U.S. Federal Reserve could be done hiking interest rates in the biggest oil consuming economy. Brent crude futures were down $1.92, or 2.3%, to $84.89 a barrel. U.S. West …
Oil Pulls Back, Posts Weekly Loss as Geopolitical Risk Premium Ebbs Read More »
Nov 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since February 2022, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by 7 to 618 in the week …
US drillers cut oil and gas rigs to lowest since Feb 2022- Baker Hughes Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Critical minerals are a group of naturally occurring elements and compounds that hold exceptional significance in the global economy and the development of cutting-edge technologies. These minerals are deemed “critical” due to their indispensable role in various industries, including clean energy, electronics, …
INFOGRAPHIC: Critical Minerals: The Cheat Sheet – ENERGYminute Read More »
The cancellation this week of two major wind projects off the coast of New Jersey effectively sinks President Joe Biden’s end-of-the-decade goal for building out offshore wind energy, a component of the US plan to eventually reach net zero. But the setback is unlikely to rule out the Biden administration’s target of achieving a zero-carbon electricity grid by 2035, experts say. …
Biden Climate Goal Remains in Reach Even After Wind Setback Read More »
