Crude oil futures experienced a slight dip on Monday, pausing after a robust first quarter. The West Texas Intermediate contract for May delivery slipped by 0.4%, settling at $82.84 a barrel, while the Brent contract for June delivery fell by 0.49%, closing at $86.57 a barrel. Despite this, both U.S. crude and Brent recorded three… Continue reading Oil prices edge lower after booking strong first quarter

Treasury Secretary Janet Yellen voiced concerns over China’s approach to the global economy, particularly regarding its surplus of clean energy products. During a speech at a Georgia solar company, Yellen highlighted China’s strategy of flooding markets with cheaper solar power, electric vehicles, and lithium-ion batteries, which undermines green manufacturing in the U.S. and elsewhere. She… Continue reading Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets

Sam Bankman-Fried’s journey from a celebrated multibillionaire in the crypto world to a convicted felon awaiting sentencing encapsulates a saga of rapid ascent and precipitous downfall. At 30, Bankman-Fried basked in the luxuries of wealth and success, leading one of the most valuable crypto companies globally. Yet, at 32, he finds himself incarcerated in a… Continue reading Penthouse to prison: Sam Bankman-Fried’s journey from crypto king to convicted conman

Further to NG Energy International Corp.’s press release dated Feb. 8, 2024, it has obtained financing under the credit and guarantee agreement with Macquarie Group for a financing of up to $100-million (U.S.) of which $50-million (U.S.) is committed financing. The Company has received an initial advance of US$40 million pursuant to the terms of… Continue reading NG ENERGY ANNOUNCES CLOSING OF FINANCING AGREEMENT OF UP TO US$100 MILLION WITH MACQUARIE GROUP WITH AN INITIAL ADVANCE OF US$40 MILLION

The article delves into Austin’s vibrant bitcoin community, centered around a gathering space known as the Bitcoin Commons. Located in the historic Littlefield Building, this venue serves various functions, from co-working during the day to hosting underground meet-ups and conferences at night, attracting a diverse crowd ranging from corporate-minded operators to rogue actors in the… Continue reading Inside Austin’s bitcoin underground

Crude oil futures experienced an upward trend on Monday following reports of Ukrainian drone strikes disrupting Russian oil refining operations. The West Texas Intermediate (WTI) contract for April saw a gain of 38 cents, reaching $81.01 per barrel, while the Brent contract for May increased by 37 cents to $85.79 per barrel. Over the weekend,… Continue reading Oil prices rise as Ukraine strikes Russian refineries

Einride and Voltera, two companies at the forefront of freight mobility and EV charging infrastructure, have collaborated to inaugurate the Lynwood Smartcharger Station in California, near the Ports of Los Angeles and Long Beach. This station, boasting 65 chargers with the capacity to charge 200 vehicles daily, represents a significant step in facilitating the transition… Continue reading EV charging for the U.S. freight trucking market is starting to scale

The Global Uranium production is projected to grow this year and in the years to come. A report in Mining Technology said that the Global uranium production is expected to grow by 11.7% to more than 60.3 megatonnes (Mt) in 2024. The increase will predominantly be fueled by rising output from key producers such as Kazakhstan and… Continue reading Global Uranium Mining Output Expected To Rise 11.7% in 2024 Due To Kazakh and Canadian Growth

Saudi Aramco CEO Amin Nasser delivered a stark critique of the energy transition during a panel interview at the CERAWeek by S&P Global energy conference in Houston, Texas. Nasser argued that the transition away from fossil fuels is failing, urging policymakers to abandon the idea of phasing out oil and gas. He emphasized the need… Continue reading Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

At a major energy conference in Houston, Texas, oil executives clashed with environmental advocates over the future of energy. The CEOs of Saudi Aramco, Exxon Mobil, and Shell all argued for continued investment in fossil fuels, claiming a transition to clean energy is unrealistic and would hurt consumers. Saudi Aramco’s chief executive, Amin Nasser, said… Continue reading Big Oil’s green-bashing stokes backlash as campaigners hit out at ‘talking points from the 1970s’

Exxon CEO Darren Woods clarified during the CERAWeek by S&P Global energy conference that Exxon is not pursuing an acquisition of Hess amidst the ongoing conflict with Chevron over valuable oil assets in Guyana. Woods emphasized that acquiring Hess was not among Exxon’s goals in the dispute and asserted that if it were, Exxon would… Continue reading Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says

At the CERAWeek by S&P Global energy conference, CEO Shaikh Nawaf al-Sabah of Kuwait Petroleum Corporation challenged the notion that global energy demand would peak by 2030, asserting that it will outpace population growth through 2050. Al-Sabah emphasized the need for increased energy intensity to accommodate the rising global population, particularly addressing the lack of… Continue reading Global energy demand will outpace population growth through 2050, Kuwait oil CEO says