Zum, a provider of student transportation services, is teaming up with the Oakland Unified School District to introduce a groundbreaking initiative involving the bidirectional charging of electric school buses. This partnership marks a significant step forward in sustainable transportation solutions, as Oakland becomes the first U.S. school district to transition entirely to electric buses and… Continue reading A half-million school buses across US could become an EV battery powerhouse feeding the grid

The Globe and Mail reports in its Tuesday edition that Desjardins analyst Chris MacCulloch has reaffirmed Crescent Point Energy as his top pick in the small/mid-cap oil space. The Globe’s David Leeder writes that Mr. MacCulloch raised his share target to $15 from $14, while keeping his “buy” call intact. Analysts on average target the… Continue reading Globe says Crescent Point a top pick for MacCulloch

China and India have not reduced coal generation for electricity, which complicates their climate targets, according to a new study by energy think tank Ember. Despite ambitious emission reduction plans, both countries heavily rely on coal due to its affordability and reliability in meeting rising electricity demands. Global coal-generated electricity has almost doubled from 5,809… Continue reading China and India still rely heavily on coal, climate targets remain ‘very difficult’ to achieve

Tesla, facing a significant sales slump and investor concerns amidst aggressive price cuts in the EV market, has been compelled to lay off workers and reduce spending on its EV Supercharger network, resulting in a stock price decline of over 30% this year. Moreover, amidst the U.S.-China trade war, Tesla’s unique position has intensified, with… Continue reading In the EV future, Thailand, the ‘Detroit of Asia,’ could be a key China hedge for automakers

Crude oil futures experienced a rebound on Wednesday, recovering from earlier losses as U.S. crude inventories showed a decline. The Energy Information Administration reported a surprising drop of 1.4 million barrels in U.S. commercial crude stockpiles during the first week of May, contrary to industry data suggesting a buildup of 509,000 barrels. Recent pressure on… Continue reading U.S. crude oil recovers losses after surprise stockpile decline

Siemens Energy witnessed a significant surge in its shares by up to 13% following the announcement of an improved forecast for the year and a leadership change in its troubled wind turbine unit. Jochen Eickholt, the CEO of Siemens Gamesa, will step down from his position on July 31 and be succeeded by Vinod Philip.… Continue reading Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit

Crude oil futures experienced a rebound on Wednesday, reversing earlier losses as U.S. crude inventories registered a decline. The support for oil prices stemmed from a surprising 1.4 million-barrel reduction in U.S. commercial crude stockpiles during the first week of May, contrary to industry expectations of a 509,000-barrel build. Despite recent pressures on prices due… Continue reading U.S. crude oil recovers losses after surprise stockpile decline

In its recent financial report, BP revealed a decline in first-quarter profit, falling short of analyst predictions due to a significant decrease in fuel margins and reduced gas and oil prices. The company’s underlying replacement cost profit stood at $2.7 billion, a decrease from the previous quarter’s $3 billion and below the estimated $2.9 billion.… Continue reading BP misses expectations as profits slip on weaker oil and gas prices

Saudi Aramco, the world’s largest oil exporter, reported a 14% year-on-year decline in its first-quarter net profit, primarily driven by lower oil prices and reduced production levels. The state-owned oil giant’s net income for the three months ending March 31, 2024, stood at $27.3 billion, a decrease from the $31.9 billion recorded in the same… Continue reading Saudi Aramco upholds dividend despite drop in first-quarter profits

The looming spike in natural gas demand is driven by expectations of a substantial surge in electricity consumption over the next decade, primarily due to the exponential growth of artificial intelligence (AI). Following a decade of stagnant power growth in the U.S., forecasts indicate that electricity demand could escalate by up to 20% by 2030,… Continue reading AI could drive a natural gas boom as power companies face surging electricity demand

Chevron CEO Mike Wirth anticipates a surge in natural gas demand driven by increasing electricity consumption, particularly from artificial intelligence (AI) and data centers. Wirth emphasizes the need for reliable and affordable backup power generation to support the electrification of various sectors such as vehicles, heating, and manufacturing. While wind and solar power offer affordability,… Continue reading Chevron CEO says natural gas demand will outpace expectations on data center electricity needs

Albemarle, a leading lithium producer, is facing delays in its plans to reopen the Kings Mountain lithium mine in North Carolina due to a collapse in lithium prices. Originally slated for reopening as early as late 2026 to boost domestic lithium production and support the U.S. electric-vehicle battery supply chain, the project’s timeline has been… Continue reading Lithium giant Albemarle’s plans to reopen a rich mine in North Carolina will take years to complete