The controversial East African Crude Oil Pipeline being built in Uganda and Tanzania is facing harsh criticism from environmentalists. East African governments are hopeful about how the project could help Continue Reading
ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. U.S. supermajor ExxonMobil is continuing with its Continue Reading
Exxon Mobil Corp (XOM.N) on Tuesday said it has made two new oil discoveries offshore Guyana and that it has already exceeded, in July, its 2022 production target for the Continue Reading
A woman shields from the sun in Beijing’s central business district. Photographer: Mark Schiefelbein/AP Photo Bloomberg News Scorching temperatures across China are straining power grids as the country tries to Continue Reading
US natural gas futures are surging toward the biggest monthly gain on record, buoyed by scorching weather and the expiration of August options. Gas has jumped more than 65% in Continue Reading
General Motors GM -3.42%▼ and Ford are doing what they can to reassure investors they will have enough electric-vehicle batteries to take on Tesla in the coming years. True security Continue Reading
The world could soon be on the brink of a global recession as the economies of the United States, China and Europe slow more sharply than anticipated amid a collision Continue Reading
The US economy may have eked out modest growth in the second quarter to skirt a so-called technical recession, yet at a pace tepid enough to feed concerns of an Continue Reading
Renewable power generation was lower than its potential through Texas’ brutal heatwave, adding further strain to the already-battered ERCOT power grid. The grid saw record electricity demand as Texans cranked Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes Continue Reading
