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EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
Australia Eyes New Oil Refinery to Reduce Reliance on Imported Fuels
Australia’s government has launched a feasibility study for an oil refinery that, if approved, would be the first such facility to be built in the country in six decades. According to Prime Minister A ...
Saudi Arabia Weighs Higher Asia Crude Prices as Red Sea Shipping Costs Rise
Saudi Arabia may raise the price of the crude it ships to Asia via the Suez Canal, Reuters has reported, to reflect higher shipping costs due to the Houthi maritime blockade in the Red Sea. The price ...
The Next Fort Knox? Why the Army is Going All-In On Rare Earths
In 1937, the Army guarded the first shipments of a critical resource, U.S. gold, as it was transferred into Fort Knox. Nearly 90 years later, Washington faces a similar situation with a very different ...
$100 Oil Puts Big Tech’s $725 Billion AI Bet at Risk
Crude oil prices are retreating after Brent hit $100 again last week as the United States and Iran took a break from hostilities over the weekend. Yet with the outcome of the war still highly uncertai ...
Jet Fuel Spike Blows a Hole in Airline Profit Forecasts
The fresh spike in jet fuel prices in July upended the profit guidance of U.S. airlines, whose management teams had to readjust earnings estimates for the year just days ahead of reporting second-quar ...
Nvidia's $250 Billion OpenAI Guarantee Puts AI Capex Concerns Back in Focus
Nvidia is in early talks to provide up to $250 billion in financing guarantees to help OpenAI lease computing capacity from a planned $500 billion, 10-gigawatt data center facility in Ohio, according ...
China to Resell First US LNG Cargo in a Year Instead of Importing It
Chinese buyers that received the first U.S. LNG cargo in over a year plan to resell it on another market to profit from higher prices elsewhere and avoid paying a 25% tariff, sources familiar with the ...
Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes
India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the restriction int ...
Temporary Calm in Iran Conflict Masks Risk of Broader Middle East War
Tehran said it had halted retaliatory attacks against US allies in the Middle East as Washington refrained from attacking Iran for the second night in a row. A top military official in Tehran, meanwhi ...
Russia Says Fuel Crisis Is Easing as Refineries Restart
The fuel crisis in Russia has started to ease in recent days as some refineries have restarted operations, Russia’s Deputy Prime Minister Alexander Novak said on Sunday. “The situation is gradually st ...
Gasoline in Australia Jumps to Highest Level Since March
Fuel prices in Australia hit last week the highest level since March as the hostilities in the Middle East drove international crude oil prices to the highest in two months. Australia’s nationwide gas ...
Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium
Irish energy distributor DCC Energy has agreed to be taken over by a consortium led by private equity heavyweight KKR and Energy Capital Partners. The deal values the company at close to $7.7 billion ...