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Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move m...
British Pound steadies despite strong US jobs data; up next NFP
The Pound Sterling holds firm against the US Dollar during the North American session on Thursday, a...
Weak Energy Demand May Signal a Much Bigger Economic Problem
With the recent closure of the Strait of Hormuz, many expected oil prices to spike and stay high. In...
How 3D Printing Could Unlock America’s Untapped Hydropower
Hydropower is the quiet workhorse driving the global clean energy transition. Although it gets just a mere fraction of the media and political attention that solar and wind energy do, hydropower is by ...
US Crude Inventories Fall Quickly, But Still Up This Year
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.1 million barrels in the week ending May 15. In the week prior, US crude oil inventories fell ...
Europe Is Losing The AI Race as Energy Costs Soar
The second energy crisis in four years is further eroding Europe’s industrial competitiveness as energy costs are spiking again and undermining the European ambition to compete with the United States ...
Utilities Are Betting Billions on a Technology That Could Become Obsolete
If we think of electricity purely as a commodity, then we should apply to it the one financial rule that dominates all commodity markets everywhere: the lowest cost producer always wins. The logic beh ...
Kazakhstan’s Mining Boom Faces a Growing Water Crisis
Kazakhstan’s mining sector is booming just as the country’s water supply is coming under increasing stress from climate change, antiquated infrastructure, and a growing population. Water supply will b ...
Equinor and Eneco Sign New Long-Term Gas Supply Deal
Europe’s post-Russian energy system is increasingly being built around Norwegian gas. As the continent continues adapting to the fallout from Russia’s invasion of Ukraine, Norwegian natural gas has em ...
Venezuela Tries to Convince Big Oil It’s Safe to Come Back
Venezuela is making a fresh pitch to foreign oil companies: this time, if things go sideways, you may not have to fight it out in Caracas. Oil Minister Paula Henao said Tuesday that Venezuela’s new hy ...
Putin Heads to China Amid Global Energy Crisis
Russian President Vladimir Putin is set to arrive in Beijing for a two-day state visit with Chinese leader Xi Jinping as both navigate strained relations with the West and an ongoing war in Iran that ...
India Curtailed 300 GWh of Clean Energy in Q1 as Grid Lags Solar Build
India's electricity grid is expanding at a slower pace than the boom in renewable energy installations, leading to increased share of clean energy curtailments and threatening to slow the solar and wi ...
Oil Holds Near $110 After Trump Delays Iran Strike
Oil prices steadied near $110 as Trump delayed planned action against Iran and Washington extended waivers for buyers of Russian crude. Historic SPR Drawdowns Propel US Crude to Global Markets - Recor ...
Iran Lays Out Sweeping Demands as U.S. Weighs Military Strike Pause
Iran wants the U.S. blockade and sanctions to be lifted and Iran’s frozen funds to be released in the latest peace proposal to the United States, Iranian state media reported on Tuesday. “The Iranian ...
A Handful of Tankers Are Still Crossing the Strait of Hormuz
Despite a near-halt in daily Hormuz traffic, Bloomberg reports that almost all large non-Iranian tankers that have entered the Persian Gulf during the war appear to have successfully exited with a car ...