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

Swiss Drilling Company Transocean Posts Profit Despite Poor Oil Price
Transocean's fourth quarter earnings exceeded the analysts' earnings estimate amid the ongoing fall in the oil market. The company managed to post a quarterly profit of $617 million by reducing its op
Spruce Finance secures $130 million loan deal with Investec Plc for 80 MW of residential solar ventures
Spruce Finance is securing a multimillion deal in financing by hiring Investec Plc in effort of supporting the development of around 80 megawatts of US rooftop solar assets.
Africa's largest trading block to get more funds
Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and gove
Williams Cos. puts Canadian operations on the block for $1 billion
Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale
Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure
Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning o
Chinese industrial overcapacity posing a major threat to global economy
Industrial overcapacity in China may have adverse impact on the domestic market and global economy. A number of new units came up owing to easily available loans and government subsidies in the world'
Mexico to boost fuel purchase to attract investments
Mexico is currently aiming to increase its fuel imports in order to attract investment as well as to bring down the fuel prices for buyers. This energy reform activity will boost the competition among
Investment in oil, gas projects shrinking
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
Power and Utilities Company in Japan battles with Gorillas, Bears and Dogs to control Market
Japan's retail electricity market is about to be liberalized, which has the top power companies as well new entrants vying for a share. The companies have come up with their mascots to lure the custom
Rosneft to invest $500 million to increase stake in Venezuelan state-owned company
Russia's leading oil producer, Rosneft has proposed investing another $500 million in Venezuela's state-owned Petroleos de Venezuela SA, to increase their stake from the original 16.7%. The propositio
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