Dow Jones was Down 300 Points on Tuesday as Exxon and Energy Shares Plunge
Stocks dipped to session lows on Tuesday. Shares of oil companies plunged as crude oil continued to slide. Three of major indexes also fell.
Energy
California Sets Renewable Energy Record: Solar Power Surges, Exceeds 100% Grid Demand for 30 Days Straight
California achieves a historic feat, powering the grid with 100% renewable energy for 30 consecutive days, signaling progress towards ambitious clean energy goals.
Biden Administration Permits Over 25GW of Clean Energy on Public Lands, Surpassing 2025 Renewable Energy Goal
This milestone aligns with President Biden's goal to make the US power grid carbon pollution-free by 2035, a key initiative in combating climate change and securing energy resources...
Russia Destroys Ukraine's Largest Power Plant After Launching Widespread Attacks on Energy Grid
A devastating series of Russia's overnight strikes has left the Trypilska thermal power plant in ruins, dealing a severe blow to Ukraine...
Oklahoma Claims Natural Gas Firms Cut Supplies to Raise Prices During Winter Storm Uri: Lawsuit
Oklahoma sued two Texas natural gas companies for purposefully reducing gas supply during Winter Storm Uri in 2021, raising prices and making huge profits...
Biden Admin Unveils Final Tailpipe Pollution Rules, Slowing EV Transition Until 2030
Biden admin adjusts EV targets to 35%, balancing industry concerns. EP...
Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom
Sergio Massa, Argentina's Economy Minister and presidential candidate,...
Latest News
China factories output drops more than forecast
China's benchmark Purchasing Managers' Index (PMI) fell to lowest in the three-and-a-half years. PMI was at 49.4 for January as against average forecast of 49.6. The PMI was 49.7 in December 2015. The
Gazprom Will Increase Its Supplies to Europe to the Record-High Level
Russian's Gazprom planned to meet investors in New York and London this week. The company plan to increase its gas supplies to European countries.
Nigeria seeks $3.5 bln loans to fill budget gap
Nigeria requires $3.5 billion funds to fill its $15 billion budget deficit. The falling oil prices are eroding revenues for the government. The largest economy in Africa is seeking $2.5 billion loan f
How Long Saudi Can Endure $30 Per Barrel Oil Price And What Strategy It has
Saudi Arabia has suffered from the oil price collapse, and needs to plan a diversified economic strategy. The country has called $30 per barrel oil price is not rational, and aiming to encourage forei
Oil rises on production cut speculation, pares losses in January
Oil prices rebounded on news that there may be production cut by OPEC. US Brent futures recouped losses by 6.8 percent and US crude pared 9.3 percent losses during the week. In overall, oil prices reb
Russia takes a look at global oil production cuts
Russia says there's proposal from OPEC on production cuts and it's open to have a word on oil production cuts. Russia is a non-OPEC oil producing nation. Russian oil minister said that the proposal en
California switches to energy standards for household LEDs to save
California becomes the pioneer state with new LED standards in place. The new regulation replaces the old traditional directional bulbs with the more expensive but energy-efficient LED ones. While mor
Malaysia reduces growth forecast due to plunge in oil prices
Malaysia has trimmed its growth forecast mainly due to plunging oil prices. A miscalculated assumption has messed up the 2016 budget, which has the government groping for damage-control measures. One
Gasoline tumbles to 7-year low at $1.91/gallon
The average gasoline price fell to seven year low and is hovering at $1.91 per gallon in the US. If crude oil price continues to move upwards, then the gas price fall may rebound in the near future.
