Tesla’s Global Expansion Is Paying Off
Tesla surprised the market last week with an unexpected profit for the third quarter, but a filing to the SEC on Tuesday showed that the electric vehicle (EV) maker saw Continue Reading
Chinese Oil Giant Crashes On Abysmal Earnings Report
Chinese oil and gas giant PetroChina reported on Wednesday a 58-percent plunge in its third-quarter profit as lower oil prices, fierce domestic fuel competition, and slowing gas demand growth weighed Continue Reading
Soaring Energy Demand Leaves Southeast Asia In A Precarious Position
Despite slowing economic growth, Southeast Asia is on its way to become a net energy importer, the International Energy Agency said in its annual Southeast Asia Energy Outlook. The agency Continue Reading
Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports – China trade association chief
Beijing could remove extra tariffs imposed since last year on U.S. farm products to ease the way for importers to buy up to $50 billion worth, rather than direct them Continue Reading
China manufacturers divert cash into financial products
China’s listed manufacturers are increasingly putting their money into financial assets such as stocks and bonds rather than investing in their own businesses, as the potential returns from capital expenditure Continue Reading
Rules to stop China buying sophisticated U.S. tech must move faster: lawmaker
A Republican lawmaker has expressed “deep concern” that the U.S. government has been slow to roll out rules to stop American companies from selling their most sophisticated technology to China. Continue Reading
A Warm Winter Would Be ‘Catastrophic’ For Natural Gas
The woes for natural gas drillers continue, with forecasts for prices over the next few years showing a market stuck with oversupply. “Any hope of higher peak winter prices likely Continue Reading
Hot temperatures, heavy loads drive Southern Company earnings growth
Highlights Coal’s share of stack falls; gas, nuclear, renewables up Vogtle construction 81% complete Houston — Record-high temperatures across Southern Company’s service territories combined with enhanced rates and prices to Continue Reading
Frackers Scrap Idled Equipment Amid Shale Drilling Downturn
The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. (Bloomberg) — The downturn Continue Reading
Democrats Just Accidentally Sparked A Federal Fracking Boom
Eyeing more restrictions on drilling following the 2020 presidential election, some U.S. oil and gas companies may accelerate fracking on public lands over the next year. Concho Resources said that Continue Reading