October 27, 2023
“Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it’s postponing about $12 billion in planned spending on new… Continue Reading…
October 23, 2023
“Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels… The acquisition will give Chevron a significant foothold in Guyana,… Continue Reading…
October 12, 2023
“Crude futures fell more than 2% following a hotter-than-expected Producer Price Index inflation print and signs that a conflict between Israel and Hamas may not extend to other countries, namely Iran… “While uncertainty is high, war in Israel is unlikely… Continue Reading…
October 10, 2023
“Conflict in the Middle East has a history of pushing up oil prices. The Yom Kippur War between Israel and a coalition of Arab states in 1973 triggered an oil embargo that caused prices to nearly quadruple in a year.… Continue Reading…
June 23, 2023
“Siemens Energy shares plunged over 37% on Friday after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last for years… Siemens Energy estimates that component failures may be occurring in between… Continue Reading…
June 16, 2023
“British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets Day conference in New York… Continue Reading…
June 8, 2023
“The world’s energy system is no longer “fit for purpose,” according to World Energy Council CEO Angela Wilkinson, who alluded to lackluster momentum toward a planned green energy transition… The council’s most recent report forecasts that around half of the… Continue Reading…
May 1, 2023
“California regulators on Friday voted to ban the sale of new diesel big rigs by 2036 and require all trucks to be zero-emissions by 2042, a decision that puts the state at the forefront of mitigating national tailpipe pollution. The… Continue Reading…
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