Ces

Saudi Arabia

Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay

Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one …

Oil Price

Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes

Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a …

Crude Oil

Aramco Keeps World’s Biggest Payout With Saudi Finances Wobbling

The company, majority owned by the Saudi state, is keeping the world’s biggest payout despite increasing signs of stress on earnings. The outlook for oil …

Crude Oil

US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub

The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the…

Distributed Grid

UK Power Hits 11-Month High as Reliance on Europe Reaches Record

UK power prices jumped to their highest in almost a year as the country imports electricity from Europe at record levels.The day-ahead price for delivery Tuesda…

Power Construction

California Faces Risk of Power Cuts With Winds Boosting Fire Threat

California residents face power shutoffs this week as warm, dry winds sweep the state, threatening to tear down utility lines and spark wildfires.Edison Interna…

Oil & Gas Trade

South Africa Oil Group Seeks to Amend New Law to Woo Investors

Some oil explorers are not satisfied with South Africa’s long-awaited rules for the industry that were signed into law last month by President Cyril Ramap…

Offshore Wind Power

Massive Offshore Wind Farms Will 'Industralise' Rural Yorkshire Areas, Says Councillor

Offshore towage specialist Kotug International and its partner Maritalia have been selected by energy major BP to provide marine services to the Greater Tortue …

Tidal Energy

Hydrowing Advances Plans For Indonesia’s First Tidal Energy Plant

HydroWing has signed a binding agreement with one of Perusahaan Listrik Negara’s (PLN) Subholdings to develop plans for the first tidal current power plan…

Photovoltaic （PV）

Saudi Solar Firm Plans Major Output Boost on Green Energy Push

A Saudi-based solar company is planning a massive jump in its production of panels and cells as the kingdom races to meet its ambitious renewable energy targets…

Natural Gas

Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs

espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…

Solar Panel

First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit

U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…

United States

US Governors Push Back on PJM After Record-High Power Plant Prices

A group of five governors on Tuesday urged PJM Interconnection, the largest U.S. grid operator, to change the process it uses to determine the price paid to pow…

Oil Price

Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out

Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…

Battery

LG Energy Solution Announces ESS Revenue Growth, New Products

LG Energy Solution has recorded third-quarter 2024 consolidated revenue of KRW 22.18 trillion ($323 million) and an operating profit of KRW 751.9 billion, inclu…