Saudi Arabia’s sovereign wealth fund has made its second major investment in a US electric vehicles maker, striking a $1bn deal to provide much-needed financing for Tesla-rival Lucid Motors on Continue Reading
Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd, an analyst from IHS Markit Continue Reading
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Continue Reading
Highlights Kurdish deal would boost exports 400,000 b/d Progress on crude trading JVs with IOCs Baghdad — Iraq can increase oil production “immediately” to support the market ahead of the Continue Reading
Chinese President Xi Jinping and Venezuelan President Nicolas Maduro wave during a welcome ceremony in Beijing on Friday. | AP CARACAS – Venezuelan President Nicolas Maduro said Saturday he had Continue Reading
China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually Continue Reading
Major U.S. ethanol producer Green Plains Inc ( GPRE.O ) is shutting down two ethanol plants in Iowa and cutting output at another in Minnesota due to low-profit margins, three Continue Reading
Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day to 7.6 million bpd in October, the U.S. Energy Information Continue Reading
Electric vehicles continue to gain market share at an accelerating rate, but electrification could go even further, expanding into the realm of commercial trucking, marine travel and even to airplanes. Continue Reading
Exelon Generation permanently shut its single-unit 670-MW Oyster Creek nuclear power plant in Forked River, New Jersey, at noon EDT (1600 GMT) Monday, the company said in a statement. Receive Continue Reading
