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  • [ February 7, 2023 ] McCarthy calls on Biden to accept spending cuts in debt ceiling fight Administration
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Energy

Department of Energy to shift $400bn away from fossil fuels

February 3, 2023 Maja Popovska

At the Department of Energy, the loan programs office was “essentially dormant” under former president Donald Trump, The Guardian reports.  But now that department has come roaring back to life.  And it now has a […]

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Energy

Anger as Shell makes ‘obscene’ $40bn in profits

February 2, 2023 Maja Popovska

Oil and gas giant Shell has reported its highest profits in 115 years. Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after […]

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Energy

Exxon posts record $56bn profit for 2022 in historic high for western oil industry

February 1, 2023 Maja Popovska

Exxon Mobil made a whopping $56 billion in profit for 2022, Reuters reports. The eye-watering amount set not only a company record but a historic high for the western oil industry. Oil majors are expected […]

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Energy

Leaked EU Plan Reveals Counter to US Green Subsidies

January 31, 2023 Elizabeta Bozinovska

The European Union Commission will loosen state aid rules and propose a new “European sovereignty fund” later this year. It comes in response to the controversial U.S. Inflation Reduction Act, as well as China’s “unfair” green […]

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Energy

Saudi Crown Prince, Putin Discuss OPEC+ Cooperation for Oil Market Stability

January 31, 2023 Elizabeta Bozinovska

Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman discussed cooperation within the OPEC+ group of oil-producing countries in order to maintain oil price stability.  The two leaders held a phone call on […]

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Energy

Saudi Arabia’s Oil Exports Value Rose 11.8% in Nov 2022

January 26, 2023 Elizabeta Bozinovska

Saudi Arabia’s oil export value rose by 11.8 percent in November 2022. New data released by the General Authority for Statistics (GASTAT) said Saudi Arabia’s oil export value rose nearly 12 percent to $2.53 billion for […]

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Energy

IEA Chief Tells WEF World is Witnessing Biggest Energy Crisis Ever

January 18, 2023 Elizabeta Bozinovska

As Russia, which is a major oil and gas exporter, continues its war in Ukraine, the world is witnessing the biggest energy crisis ever recorded in history, stressed on Tuesday the executive director of the […]

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Energy

US, UAE to Invest $20bn 15 GW of New Clean Energy Projects  

January 16, 2023 Elizabeta Bozinovska

In the first wave of investment under their $100 billion clean energy partnership, the United States and the United Arab Emirates (UAE) agreed on Sunday to allocate $20 billion to fund 15 gigawatts (GW) of […]

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Energy

Refinitiv Data Shows Global Imports of LNG Hit All-Time High

January 15, 2023 Elizabeta Bozinovska

The world’s race to reduce and replace supplies of Russian pipeline gas in light of the war in Ukraine has prompted an unprecedented surge in global LNG imports in 2022, according to data from Refinitiv, […]

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Energy

Georgia Becomes Test for Climate Law 

January 12, 2023 Elizabeta Bozinovska

A solar manufacturing complex in the southern state of Georgia may serve as the test case for whether President Joe Biden’s climate law can boost the domestic supply chain for renewable energy.  If successful, it […]

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Energy

Saudi Arabia is the World’s Energy ‘Safety Valve’, Minister Says 

January 12, 2023 Elizabeta Bozinovska

A top Saudi Arabia Minister said the nation has a major role to play in the world’s energy supply, especially in the mining sector.  Saudi Arabia’s Minister of Investment Khalid Al-Falih discussed a global shortage […]

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Energy

The Possible Gas Stoves Ban Prompted Some High-Level Backlash

January 12, 2023 Elizabeta Bozinovska

The news that a US Federal Agency Considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma that more than 40 million Americans use at home, set off a firestorm […]

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Energy

US Federal Agency Considering a Ban on Gas Stoves

January 11, 2023 Elizabeta Bozinovska

Gas stoves could be on their way out. A federal agency is considering a ban on gas stoves. For years, the case against gas stoves has been heating up.  Thirty-five percent of households in the United States […]

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Energy

Oil Rises After Fuel Stocks Draw Down

January 5, 2023 Elizabeta Bozinovska

Oil prices rose nearly 2 percent on Thursday after posting the biggest two-day loss for the start of a year in three decades.  Fears of a global recession looming caused the big declines in the […]

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Energy

ExxonMobil Files Lawsuit Against EU Over Windfall Profit Tax

December 29, 2022 Elizabeta Bozinovska

In a bid to force European Union to scrap its new windfall tax on oil groups and energy companies, US oil giant ExxonMobil is suing the bloc, arguing that, by imposing the levy, Brussels exceeded […]

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Energy

BP Criticized for Plan to Spend Billions More on Fossil Fuels Than Green Energy

December 27, 2022 Elizabeta Bozinovska

BP has been accused of pouring billions and billions more into fossil fuels and prioritizing them over green energy. BP has plans to spend as much as double the amount on oil and gas projects for […]

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Energy

Russia Ready to Resume Gas Supply to Europe via Yamal-Europe Gas Pipeline

December 26, 2022 Elizabeta Bozinovska

More Russian gas will soon be coming back to Europe. Russia said it is prepared to resume gas supplies to Europe through the Yamal-Europe pipeline, which was stopped for political reasons.  Russian Deputy Prime Minister Alexander […]

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Energy

Saudi Energy Minister Says OPEC+ Leaves Politics Out of Decisions 

December 21, 2022 Elizabeta Bozinovska

The Saudi Energy Minister said that members of the oil bloc OPEC+ leave politics out of the decision-making process.  Prince Abdulaziz bin Salman bin Abdulaziz said that the Organization of the Petroleum Exporting Countries (OPEC) […]

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oil spill in Illionis promtps shutdown of pipeline
Energy

Oil Extends Rebound from Annual Low Ahead of CPI Reading

December 13, 2022 Elizabeta Bozinovska

Oil prices have rebounded after annual lows. The rise in price is due to the prospect of an extended outage in a key pipeline between Canada and the U.S.  However, markets remained cautious ahead of inflation […]

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Energy

US Achieves Fusion Breakthrough, Making Clear Zero-Carbon Energy 

December 12, 2022 Elizabeta Bozinovska

For the first time ever, scientists successfully produced a nuclear fusion reaction resulting in a net energy gain.  Decades of effort have gone into fusion energy, which promises almost limitless carbon-free power — without the […]

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Energy

“Targeted” power station attack leaves NC county in blackout

December 5, 2022 Maja Popovska

Gunfire in an alleged criminal incident over the weekend in North Carolina caused widespread power outages, according to officials, The Hill reports. In a news conference with other local officials, Moore County Sheriff Ronnie Fields […]

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Energy

G7 Joins $60-Per-Barrel Price Cap on Russian Oil the EU Set

December 4, 2022 Elizabeta Bozinovska

In a key step to enhance Western sanctions aiming to reorder the global oil market to prevent price spikes and starve Russian President Vladimir Putin of funding for his war in Ukraine, the G7 and […]

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Energy

Saudi Dispatches World’s First Commercial Shipment of Blue Ammonia

November 29, 2022 Elizabeta Bozinovska

In a step that represents a new milestone in the development of decarbonization solutions, Saudi Arabia has dispatched a consignment of blue ammonia to South Korea, the world’s first commercial shipment of its kind. Carrying […]

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Energy

G7 Debates Russian Oil Price Cap

November 23, 2022 Elizabeta Bozinovska

The Group of Seven nations is looking at a price cap on Russian oil. The European Union is discussing a proposal from the G7 to put a price cap on Russian sea-borne oil in the range […]

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Energy

Boeing Exec Discusses Sustainable Aviation Fuel

November 14, 2022 Elizabeta Bozinovska

The aviation industry makes claims of commitment to decarbonization. There remains a “huge amount of work” needed in order to do so, said Robert Boyd, regional lead of aircraft manufacturer Boeing’s global sustainability policy and partnerships […]

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Energy

US to Fund Two Nuclear Reactors in Romania with $3 Billion Loan

November 10, 2022 Elizabeta Bozinovska

The United States will provide more than $3 billion worth of funding for the construction of two new nuclear reactors in NATO-member Romania, which is expected to commence early next year, Romanian Prime Minister Nicolae […]

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Energy

UK to Strike Gas Deal with US 

November 8, 2022 Elizabeta Bozinovska

New British Prime Minister Rishi Sunak is set to agree to a new energy partnership with the United States after the UN climate change summit COP 27.  Talks about the “energy security partnership” are in […]

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Energy

US to Invest $100Bn in Clean Energy Projects in Partnership with UAE

November 2, 2022 Elizabeta Bozinovska

More than $100 billion will be invested to produce 100 gigawatts of clean energy globally by 2035 in line with the strategic partnership the United States signed Tuesday with the UAE, the White House announced. […]

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Energy

OPEC Raises Long-Term Oil Demand View

November 1, 2022 Elizabeta Bozinovska

OPEC called for trillions of dollars in investment in the oil industry over the next two decades.  OPEC raised its forecasts for world oil demand in the medium and longer-term in its annual outlook and […]

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Energy

Top US Gas Exporter Eyes Europe Growth

October 31, 2022 Elizabeta Bozinovska

The leading exporter of liquefied natural gas in the U.S. Cheniere, said it is willing to build incremental facilities in order to satisfy growing European demand.  However, the massive exporter warned that additional capacity would […]

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  • McCarthy calls on Biden to accept spending cuts in debt ceiling fight
    February 7, 2023
  • Nearly 60 hair relaxer lawsuits against L’Oreal, others
    February 7, 2023
  • Federal judge says constitutional right to abortion may still exist
    February 7, 2023
  • Black history booms as states restrict it
    February 7, 2023
  • Biden prepares for State of the Union
    February 7, 2023

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