Energy

Biden Admin Unveils Final Tailpipe Pollution Rules, Slowing EV Transition Until 2030

Biden admin adjusts EV targets to 35%, balancing industry concerns. EPA's new rules ease the transition, aiming for 50% emissions cut by 2032 amidst environmental and economic considerations


Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom

Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages...

Saudi Aramco Plans Higher Dividends and Investments to Propel Saudi Arabia Economy

Despite a 24.7% profit drop, Saudi Aramco reported increased dividends in 2023 and billions of investments to keep Saudi Arabia's economy afloat...

Oil Prices Surge 2% as Fed Hints at Interest Rate Cuts

Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets...


Latest News

US energy stocks slip as oil price drop continues to 6-year low
The oil price in the global market continued to skid further on Wednesday touching a new low since March 2009 while crude inventories in the US are increasing.
Feds give Shell go signal to drill for oil in Arctic Ocean off Alaska
The US government has finally given Royal Dutch Shell permission to pursue their oil exploration in the Arctic Ocean near Alaska. For more than 20 years, exploratory drilling allowed in the northwest
Continued oil price crash reached lowest level
The U.S. crude oil's price continued to crash allowing it to reach its lowest level in more than six years. Benchmark U.S. crude oil has fallen to $1.88 equivalent to 4% making it settle at $43.08 a b
Falling world oil prices result in job cuts
Collapsing oil prices are prompting energy firms to lay off workers. Royal Dutch Shell and Centrica -- two of Britain's leading energy firms -- are cutting more than 12,000 jobs this year.
Major oil companies layoff more employees due to U.S. crude oil price drop
As the price of crude oil continues to slip down, the oil companies are cutting jobs to survive the business. In the first quarter of this year, blue collar jobs were deterred, this point, engineers a
Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500
Energy sector was the prime culprit among other stocks including materials and biotech, that pulled S&P 500 and Dow Jones lower recently. S&P 500 fell 2.2% and Dow eased 2.9% during the week ended 24
Oil drops on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity.
Mexico auctions oil blocks to increase production but failed to attract giant international companies
Mexico kicked out foreign companies 77 years ago, but just last Wednesday the tables seem to turn as its government auctioned 14 exploration blocks to attract international energy companies, which wil
Amazon builds first wind farm in North Carolina; 208 MW renewable energy facility is expected to produce 670,000 MWH yearly
Amazon Inc., through its subsidiary Amazon Web Services (AWS), will be building a 208 megawatt wind farm in North Carolina. The wind farm will be built and jointly operated by AWS and Iberdrola Renewa
WPX Energy to enter Permian basin with $2.35 billion deal
Oil and gas producer WPX Energy Inc (WPX.N) said it would acquire privately held RKI Exploration & Production LLC [REPI.UL] for $2.35 billion, the latest in a series of deals brought on by a steep dro
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