The Organization of the Petroleum Exporting Countries and its allies (OPEC+) rescheduled their crucial meetings from November 25-26 to November 30, leading to a decline in oil prices by over $3 per barrel. The Ice Brent contract with January delivery traded at $79.05 per barrel, down by $3.40, and the Nymex WTI contract with January… Continue reading Oil group OPEC and its allies delay policy-setting meeting by four days

U.S. crude prices experienced a more than 4% decline following the Organization of Petroleum Exporting Countries’ (OPEC) decision to delay a crucial meeting on production cuts that was originally scheduled for the weekend. The West Texas Intermediate (WTI) contract for January dropped by $3.27 to $74.50 a barrel, while the Brent contract for January fell… Continue reading U.S. crude oil tumbles below $75 a barrel after OPEC delays meeting

Crypto news site CoinDesk has been acquired by Bullish, a digital asset exchange led by former NYSE chief Tom Farley, from Barry Silbert’s Digital Currency Group (DCG). The terms of the all-cash deal have not been disclosed. CoinDesk will operate independently as a subsidiary of Bullish. DCG initially acquired CoinDesk for $500,000 in 2016 and… Continue reading Barry Silbert’s crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk

U.S. drivers are poised to enjoy the most affordable gas prices on Thanksgiving Day since 2020, with the national average for a gallon of regular gas reaching about $3.31 on Monday. This marks a 25-cent reduction from a month ago and a 36-cent decline from the same period in 2022, as reported by AAA. Gas… Continue reading U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020

Oil futures experienced a more than $1 increase on Monday, with Brent crude futures rising by $1.78 to reach $82.39 per barrel, and U.S. West Texas Intermediate (WTI) crude up $1.71 at $77.60. The rise comes amid the potential for OPEC+ to deepen supply cuts in response to a four-week decline in prices driven by… Continue reading Oil rises on expectations of further OPEC+ supply cuts

The “State of Climate Action 2023” report suggests that efforts to limit global warming to 1.5 degrees Celsius, as outlined in the 2015 Paris Agreement, are falling short across various indicators. Only one of 42 indicators, the sales of electric passenger cars, is on track to meet its 2030 target. The report emphasizes the need… Continue reading Coal use needs to be slashed seven times faster to meet emissions target, analysis finds

U.S. crude oil prices experienced a significant decline of 5% on Thursday, with the West Texas Intermediate (WTI) December contract falling by $3.84 to $72.82 per barrel, and the Brent January contract dropping $3.91 to $77.27 per barrel. Both benchmarks reached their lowest levels since early July. The market downturn was attributed to rising crude… Continue reading U.S. crude oil prices fall 5% as supply grows amid demand worries

— FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) has placed its first purchase order with Canadian company Cipher Neutron Inc. (“Cipher Neutron” or “CN”) for its unique Anion Exchange Membrane (AEM) Electrolyser Technology. Cipher Neutron’s Green Hydrogen AEM Electrolysers and Reversible Fuel Cell technology can produce hydrogen without using any Platinum Group… Continue reading Cipher Neutron and FuelPositive Forge Strategic Partnership for Multiple AEM Electrolyser Technology Orders

The U.S. Department of Energy (DOE) is directing up to $3.5 billion to support companies involved in battery production and the extraction of critical minerals essential for battery manufacturing. Batteries are considered crucial for addressing climate change by powering electric vehicles and storing clean energy. The dominant lithium-ion battery faces increasing demand, projected to rise… Continue reading Energy Department tries to boost US battery industry with another $3.5 billion in funding

Siemens Energy has obtained €7.5 billion ($8.15 billion) in project-related state guarantees from the German government. The guarantee is part of a broader €15 billion package of guarantee lines, with private banks providing €12 billion and Siemens Energy securing an additional €3 billion through negotiations with stakeholders. The guarantees aim to protect the company’s customers… Continue reading Siemens Energy clinches state guarantees as it posts a 4.6 billion euro annual loss

The article discusses the emerging industry of agrivoltaics, which combines solar energy production with various agricultural activities such as sheep grazing, beekeeping, and crop growing. This innovative approach aims to address the potential tension between farmers and solar developers who often have conflicting land-use interests. Here are the key points: For the full original article… Continue reading Why oil majors Shell and BP are combining solar energy and agricultural production

Renewable energy firms are facing challenges in their earnings as supply chain issues, manufacturing faults, and rising production costs impact profitability. The industry, amid a global push for cleaner energy, is struggling to meet the surging demand for equipment, leading to increased production costs. Manufacturing faults, notably at Siemens Gamesa, have prompted Siemens Energy to… Continue reading Wind power industry in moment of reckoning as stocks fall and earnings crumble