Privately-run conglomerate CEFC China Energy has obtained preliminary state approval for its proposed $9.1 billion investment in Russian oil major Rosneft ( ROSN.MM ), three sources with knowledge of the Continue Reading
Coal-fired electricity generation in China, the world’s largest coal consumer, is expected to remain flat through 2040, according to EIA’s International Energy Outlook 2017 (IEO2017). Other fuels, such as renewables, Continue Reading
JingChi Inc. has completed a combined $52-million pre-A investment round from lead investor Qiming Venture, strategic investor NVIDIA GPU Ventures, and a consortium of other investors. The investment allows JingChi Continue Reading
Fuel exports from the U.S. Gulf Coast are rising rapidly as refineries recover from weeks of disruptions due to Hurricane Harvey, offering respite to buyers in Latin America and Europe. Continue Reading
U.S. crude oil inventories fell unexpectedly last week as refineries hiked output due to restarts following Hurricane Harvey and exports soared, while gasoline stockpiles posted a surprise build, the Energy Continue Reading
It’s obviously a thought experiment, since right now EVs have close to just 1 percent market share worldwide. We’re still years away from EVs even hitting double-digit demand on a Continue Reading
The Duvernay field in Canada’s western province of Alberta holds the country’s largest marketable resources of unconventional light shale oil and condensate, according to a new report from the national Continue Reading
Every week, the assumptions about the future of transportation, and the energy systems that turn our wheels, are becoming more Jetson-esque. The excitement is palpable and as a technology junkie Continue Reading
U.S. crude oil refinery inputs averaged about 16.2 million barrels per day during the week ending September 22, 2017, 1.0 million barrels per day more than the previous week’s average. Continue Reading
Russian energy company Gazprom said that, because of dwindling resources of its own, the European market was still largely dependent on its natural gas. The board of directors at the Continue Reading
