Fortum, BASF, and Nornickel have signed a letter of intent to plan a Li-ion battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful Continue Reading
Germany has set some of the most ambitious goals of any nation for shifting from fossil fuels to greener energy. Now the centerpiece of that push—onshore wind power—is slumping, prompting Continue Reading
Until recently European auto executives regarded Tesla with something like bemusement. The electric car upstart from California was burning cash, struggling with production problems, and hedge funds were betting it Continue Reading
The report says people will need to fly less The UK cannot go climate neutral much before 2050 unless people stop flying and eating red meat almost completely, a report Continue Reading
It feels 2014 all over again. Or 2008. The OPEC+ meeting broke up without a deal on Friday, sending oil prices into a freefall. Brent was down by about 9 Continue Reading
Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political Continue Reading
Russia has just sparked what may end up being among the ugliest oil price wars in recent history. And Saudi Arabia is firing back. As the two oil superpowers face-off, Continue Reading
Oil plunged more than 25%, 10-year Treasury yields dipped below 0.4%, stocks dropped, and currencies swung as the prospect of an energy glut ratcheted up turmoil across markets world-wide. Investors Continue Reading
Global oil demand is set to fall 2.5 million b/d in the first quarter compared with a year earlier due to the coronavirus outbreak , with the “call” on OPEC Continue Reading
At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil Continue Reading
