U.S. Set to Renew Venezuela Oil Sanctions After Presidential Candidate Barred

Conventional Energy, Latest, Oil, US News / By

Biden administration may let six-month suspension end in April US has eased pressure on Maduro amid democratic reforms Maria Corina Machado holds a press conference in Caracas on Monday.Photographer: Gaby Oraa/Bloomberg The Biden administration will restore sanctions on Venezuela’s energy sector if the country upholds its ban on an opposition candidate from running for president, …

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Not So Fast! As Demand for Fast Deliveries Surges, the Industry Struggles on EV Transition

Electric Vehicles, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

The cost of electric trucks and complications of charger installation hamper progress. The appetite for speedy package delivery is skyrocketing around the planet. Americans do more than 15% of their shopping online, with digital purchases of groceries, shoes, pet food and other goods quadrupling over the past decade to $1 trillion a year. Global e-commerce is expected …

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Saudi Aramco Drops Expansion Plan, Raising Demand Questions

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Bloomberg Company asked to maintain capacity at 12 million barrels daily Surprise move will raise questions about view on oil demand Saudi Aramco abandoned a plan to boost its oil output capacity, a huge reversal that will raise questions about the kingdom’s view on future demand. The surprise move comes after the world’s biggest oil exporter …

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Saudi Oil U-Turn Stokes Doubts Over Future Demand

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Saudi Arabia’s major reversal on plans to boost how much oil it can produce may spur doubts over the long-term health of demand. State giant Saudi Aramco provided no rationale when it said Tuesday it would ditch efforts to reach capacity of 13 million barrels a day by 2027 and instead hold at the current 12 million. …

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Oil Up on Middle East Tensions, China Economy Worries Limit Gains

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Reuters – Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on Wednesday, rose 8 cents, or …

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Enphase Energy Launches New IQ8 Microinverters for High-Powered Solar Modules in North America

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FREMONT, Calif., Jan. 29, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has started shipping its new IQ8™ Microinverters, IQ8HC™ and IQ8X™. With peak output AC power of 384W, IQ8HC and IQ8X Microinverters are designed …

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Battalion Oil Corporation Announces Operations and Financial Update

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Houston, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced certain financial and operating updates. Key Highlights Acid gas injection (“AGI”) well is projected to be injecting by end of the first quarter 2024 Recent two well pad was drilled and completed under budget and the …

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Red Sea Worries Cause Spike in Refined Fuel Prices, But Market Will Adjust: Russell

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The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn’t on crude oil prices. It’s refined fuels that are most at risk. The missile attack on the product tanker Marlin Luanda on Jan. 26 by Yemen’s Iran-aligned Houthi group underscored the risks to shipments …

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Japan Worried U.S Pause of LNG Export Approvals May Delay New Projects

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Japan, the world’s second-biggest buyer of liquefied natural gas (LNG), is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States, industry minister Ken Saito said on Tuesday. U.S. President Joe Biden last week paused approvals for pending and future applications to export LNG …

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California and Big Oil Are Splitting After Century-Long Affair

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Summary State policies favoring clean-energy have oil companies fuming Exxon, Chevron each to take about $2.5 billion in impairments Jan 29 (Reuters) – It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California’s oil output …

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