British oil company Shell announced adjustments to its near-term carbon emissions reduction goals while reiterating its commitment to achieving net-zero status by 2050. The company revised its target for reducing net carbon intensity related to the use of its products by third parties, aiming for a 15% to 20% reduction by 2030, down from the… Continue reading Oil giant Shell waters down its near-term emission cuts in strategy update

U.S. crude oil futures surged to over $81 a barrel, reaching their highest level since early November, driven by forecasts from the International Energy Agency (IEA) predicting a supply deficit for 2024. The West Texas Intermediate (WTI) contract for April climbed by $1.54 to settle at $81.26 a barrel, while the Brent contract for May… Continue reading U.S. crude prices crack $81 as oil supply deficit forecast for 2024

The quest for authentic high-speed rail options in the U.S. continues, with Texas being a focal point since 1987. The most recent endeavor, spearheaded by Texas Central since 2014, aims to connect Dallas to Houston with a bullet train, potentially reducing travel time from three and a half hours by car to just 90 minutes… Continue reading Why Amtrak is attempting to revive the Texas Central bullet train

Tuesday saw a slight downturn in crude oil futures as traders evaluated the implications of the latest U.S. inflation figures on the Federal Reserve’s interest rate decisions for the year. The West Texas Intermediate (WTI) contract for April dipped by 38 cents, or 0.49%, settling at $77.55 per barrel, while the Brent contract for May… Continue reading Oil prices edge lower as traders evaluate latest U.S. inflation data

Saudi Arabia’s state-owned oil giant Aramco announced a 25% decrease in profit to $121.3 billion in 2023 compared to $161.1 billion in 2022, attributing the decline to lower crude oil prices and volumes sold, along with reduced refining and chemicals margins. Despite the drop, this still marks Aramco’s second-highest net income on record, surpassing its… Continue reading Saudi oil giant Aramco posts 25% fall in full-year profit

Oil prices experienced a slight decline on Monday, continuing the downward trend observed last week, as traders awaited the release of new inflation data. The West Texas Intermediate (WTI) contract for April decreased by 0.51%, or 40 cents, settling at $77.61 per barrel, while the Brent contract for May lost 0.43%, or 35 cents, reaching… Continue reading Oil extends last week’s losses ahead of key inflation, crude data

First Solar CEO Mark Widmar emphasizes the threat posed by a flood of foreign solar components to the establishment of a domestic manufacturing base in the U.S. to facilitate the clean energy transition. He calls for the closure of tariff exemptions allowing cheap components into the U.S. market, stressing the need for fair competition and… Continue reading First Solar CEO says tariff exemptions threaten U.S. efforts to ramp up domestic solar manufacturing

Crude oil futures experienced an uptick on Wednesday following Federal Reserve Chairman Jerome Powell’s indications that interest rates are likely to decrease this year, albeit with caution from the central bank. The West Texas Intermediate contract for April rose by $1.58, marking a 2.02% increase to reach $79.73 per barrel, while May Brent futures added… Continue reading Oil rises more than $1 as Powell indicates interest rate cuts likely this year

Goldman Sachs expects battery raw material prices to stay low for a while, despite recent significant price drops. This forecast is based on a research note published on Tuesday, which comes after a major decline in prices for key battery metals like lithium, nickel, and cobalt. These metals are used in electric vehicles, wind turbines,… Continue reading Goldman says the bear market for battery metal prices is far from over

Crude oil futures experienced a second consecutive day of decline on Tuesday despite China’s commitment to bolster economic growth and OPEC+’s decision to continue production cuts. The West Texas Intermediate contract for April decreased by 0.91%, reaching $78.02 per barrel, while May Brent futures dropped by 0.69% to $82.83 a barrel. China revealed its target… Continue reading Oil prices fall as market shrugs off China growth pledge, OPEC+ production cuts

Norway is positioning itself as a pioneer in carbon capture and storage (CCS) technology, particularly emphasizing offshore carbon storage in the North Sea as a potential solution for Europe’s polluting industries. The government champions its Longship project, showcasing it as evidence of the viability of offshore CCS. With nearly 30 years of experience in carbon… Continue reading The North Sea could become a ‘central storage camp’ for carbon waste. Not everyone likes the idea

– Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FSE: 7HI), an innovative clean technology company redefining power conversion technologies, is pleased to confirm the successful completion of electromagnetic compatibility (EMC) chamber testing with a European automotive OEM. Testing was completed at an external certified lab selected by the European OEM with results suggesting Hillcrest’s Zero… Continue reading Hillcrest Achieves Breakthrough in EMC Chamber Testing with European Automotive OEM