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Article Archive | Page 5

Israel-Hezbollah Tensions Flare Up

Feb 16, 2024 at 09:27

Cross-border missile exchanges between Israel and Lebanon intensified this week, with Hezbollah launching missiles at northern Israel and Israel responding with its own missile barrage on southern Lebanon, both resulting…

Starlink Terminals Are Falling Into the Hands of the Russian Military

Feb 16, 2024 at 06:31

Russian troops in Ukraine increasingly have access to Starlink, the private satellite Internet network owned by Elon Musk that Ukraine's military relies on heavily for battlefield communications. The findings from 

Oil Prices in Limbo as Geopolitical Risks Fail to Offset Bearish Sentiment

Feb 16, 2024 at 06:54

This week, Crude oil prices got stuck between a pessimistic demand outlook from the International Energy Agency and signs that OPEC+ is working hard to reduce supply.

Oil Majors Pursue Projects with $30 per Barrel Breakeven

Feb 15, 2024 at 16:00

The U.S. and global oil and gas sector is currently enjoying a third year of relatively high energy prices with oil demand on a steady growth trajectory. WTI crude has…

Brent Needs To Be $90 or Higher To Reflect Actual Fundamentals

Feb 15, 2024 at 08:06

Oil prices have enjoyed a sustained rally in the current month thanks to bullish demand projections and encouraging oil product inventory draws. Brent briefly touched this year’s high at…

10 Reasons Why the World Can’t Run Without Fossil Fuels

Feb 15, 2024 at 08:02

It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil…

Climate vs. Commerce: Inside the Debate Over U.S. LNG Expansion

Feb 15, 2024 at 08:00

Following a year of LNG production increases and plans for a massive gas project pipeline, the Biden administration is finally responding to calls to halt giant new LNG projects, in…

European Commission Downgrades Growth Forecast for 2024

Feb 15, 2024 at 07:55

Growth in the eurozone will be slower than previously expected as the bloc continues to struggle with inflationary pressures and high interest rates, according to new forecasts from…

Uzbekistan Looks to Phase Out Polluting Gasoline Production

Feb 15, 2024 at 07:52

In an attempt to show that they are finally taking heed of the rapidly aggravating problem of air pollution, authorities in Uzbekistan have slapped fines on two major…

Trump Vows to Block U.S. Steel Acquisition

Feb 15, 2024 at 07:50

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) fell 11.17% from January to February as steel…

Redox Flow Desalination Offers Potable Water and Energy Storage

Feb 15, 2024 at 07:46

Researchers at NYU Tandon School of Engineering achieved a major breakthrough in Redox Flow Desalination (RFD), an emerging electrochemical technique that can turn seawater into…

Buffett’s Berkshire Increases Stake in Chevron and Occidental

Feb 15, 2024 at 07:41

In what was a rather uneventful quarter for Warren Buffett's Berkshire Hathaway, the massive hedge fund made only a few modest changes to its portfolio in Q4 2023,…

BofA: Oil Demand Growth Has Peaked

Feb 15, 2024 at 09:03

Global oil demand continues to rise and will keep increasing for years, but the annual rate growth may have already peaked, according to Bank of America. Electrification of transport, energy…

Banking Giant JP Morgan Exits Climate Action Group

Feb 15, 2024 at 07:25

JP Morgan Asset Management has left the Climate Action 100+ group that was set up to pressure companies into becoming greener. The reason for the move,…

Another Mega-Merger Is Brewing in the U.S. Shale Patch

Feb 14, 2024 at 07:17

The merger and acquisition deals are coming in the shale patch, at a rate almost too fast to document. Last week news broke about Devon Energy, (NYSE:DVN), and Canadian-based producer,…

Grid Expansion About to Become Biggest Transition Problem

Feb 14, 2024 at 10:10

In September last year, the European Union's electric utility industry association, Eurelectric, warned that the bloc needed what Reuters called "unprecedented" investments in grid upgrades. Otherwise, Eurelectric said, the…

Barclays Lags European Peers in Halt To Funding New Oil and Gas Fields

Feb 14, 2024 at 09:49

UK banking giant Barclays has just announced that it will drop direct funding for new oil and gas projects, joining other major European banks in halting the financing of fossil…

Wyoming Rare Earth Discovery Could Shake Up Global Markets

Feb 14, 2024 at 07:13

Via Metal Miner   Month-on-month, rare earths prices exhibited sharp downward movement. While weaker downstream demand could potentially prove one culprit in the…

New Electrode Revolutionizes Hydrogen Production from Seawater

Feb 14, 2024 at 07:06

University of Tsukuba researchers have developed highly durable electrodes without precious metals to enable direct hydrogen production from seawater. Water electrolysis utilizing renewable energy sources…

Why Is Azerbaijan Hosting the World’s Most Important Climate Change Conference?

Feb 14, 2024 at 07:03

Oil rigs just off the coast of Azerbaijan’s capital, Baku, are a constant reminder of what drives this Caspian Sea nation’s economy. Later this year, though, the country’s…

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