Energy

Oil prices fell for a second straight session after a short-lived rebound on Wednesday.  Drops in oil prices were driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market […]

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Saudi Arabia and the United Arab Emirates are leading regional efforts to become more environmentally friendly and go green. According to a new report by an analytics firm, Saudi Arabia and the UAE are making big […]

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Sen. Steve Daines, a Republican from Montana, warned Energy Secretary Jennifer Granholm in a letter this week that new rules being proposed by her department could outlaw up to 96% of the gas-powered stoves presently […]

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The European Union is blocking gas-powered cars, Reuters reports. For years, the bloc has been looking for ways to cut down on greenhouse gas emissions. Greenhouse gas emissions contribute to global warming by trapping heat […]

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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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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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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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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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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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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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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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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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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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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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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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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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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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