Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives have been sharply criticized for pushing back against the viability of the clean energy transition at a U.S. conference, with campaigners denouncing an industry claim … Read more
Europe is slowly catching up, both in terms of battery production and recycling, with car manufacturers leading the charge to reclaim the valuable materials.The IEA forecasts that recycling could meet up to 12 percent of the EV industry’s demand for lithium, nickel, copper and cobalt by 2040. The Volkswagen Group—which includes Audi, Porsche and other … Read more
There is an insidious irony to climate change: as it gets hotter, more and more people are cranking up their air conditioners, which in turn contributes to global warming. Air conditioner (AC) sales are booming worldwide, especially in emerging economies such as China, India and Indonesia where rising incomes make them more affordable and a … Read more
Descrease article font size Increase article font size Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel. The two nations inked a memorandum of understanding that commits them to backing transactions between Canadian hydrogen producers … Read more
Many households and businesses in Australia’s east could be paying cheaper power bills, while for others bills will rise but below the inflation rate, according to the energy regulator. The Australian Energy Regulator on Tuesday released its draft Default Market Offer, known as DMO 6, for energy prices in 2024-2025. The default market offer, which … Read more
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts, while maintaining its pledge to become a net-zero company by the middle of the century. In its latest energy … Read more
A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. JACK GUEZ | AFP DUBAI, United Arab Emirates — Plans for a 50% stake purchase by energy major BP and Abu Dhabi National Oil Company (Adnoc) … Read more
Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley‘s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption after Ukrainian drone attacks on Russian refineries, and hopes that the Federal Reserve may soon start cutting interest … Read more
The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200 … Read more
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported … Read more
