Building The World’s Largest Battery
When Tesla announced a 100 MW/129 MWh battery project in Australia, it was hailed as the world’s largest energy storage facility. Then Abu Dhabi upped the ante by announcing the Continue Reading
After Record-Long Expansion, Here’s What Could Knock the Economy Off Course
Economies aren’t like cars. They don’t just wear down and peter out after running for several years. Something needs to happen to knock them off course. That’s potentially good news Continue Reading
Russia will keep oil output in June in line with agreements: Novak
Russian Energy Minister Alexander Novak said on Monday Russia would keep its oil production in June in line with a global output agreement. In a statement, he also that Russia Continue Reading
Compensation for Russian dirty oil to be decided by buyers and sellers
Compensation for the contamination of Russian oil in the Druzhba pipeline should be agreed between the buyers and sellers of this oil, Russia’s Deputy Energy Minister Pavel Sorokin told reporters Continue Reading
UK accused of trying to ‘fiddle’ climate change targets
The British government has been accused of trying to “fiddle” the country’s climate change targets after cabinet ministers agreed to carry forward past “overperformance” in emissions reductions to allow a Continue Reading
Norwegian offshore oil, gas strike averted with last-minute agreement
A strike by Norwegian offshore oil and gas managers that could have cut output by as much as 440,000 b/d of oil equivalent was averted early Tuesday thanks to a Continue Reading
Shell raises capex, cash flow targets in new outlook to 2025
Shell announced higher, longer-term capital spending and cash flow targets for the coming years Tuesday, as the oil major looks to underpin growth by further developing its gas-rich upstream portfolio Continue Reading
Crude oil futures fall after China releases policy paper on trade talks
Crude oil futures were lower in mid-morning trade in Asia on Monday as US-China trade tensions came back in focus after the Chinese government published a policy paper, which media Continue Reading
Oil prices plunge further on trade war fears
Oil prices plunged by more than 1.5% to below $61 a barrel on Monday, extending last week’s heavy losses as deepening U.S. trade wars fanned fears of a global economic Continue Reading
Saudi’s Falih says OPEC+ consensus emerging on output deal in second half
Saudi Energy Minister Khalid al-Falih said consensus was emerging among the OPEC+ group of oil producers to continue working towards oil market stability in the second half of the year, Continue Reading