Rice

Oil&Gas Drilling

Saudi Arabia Will Supply Full Oil Volumes to Asian Buyers in September

Saudi Arabia will supply full crude oil volumes in September under contracts with Asian buyers, Reuters has reported, citing multiple unnamed sources.The news c…

Solar Technology

ORIT Sees NAV Decrease Due to Lower Wholesale Power Prices

Lower power prices has led to a decrease of £0.3 million. Image: Octopus Energy Generation.Octopus Renewables Infrastructure Trust (ORIT) has confirmed th…

Net Zero

Over Two Thirds of Brits Support Uk's Net Zero Target

Latest polling reveals 70 per cent of the public support the government’s net zero goal, with just 18 per cent opposedThe government risks paying an elect…

Electric Vehicles

How Tesla's Delicate "Dynamic Pricing" Model Works

Tesla began 2023 by making major price cuts to its entire lineup, subsequently charging its record-breaking sales in the first and second quarters of the year. …

Oil Price

Azerbaijani Oil Price Exceeds $90

Baku, August 5, AZERTACThe Azerbaijani oil price has increased in the world markets.The price of a barrel of Azeri Light crude oil rose $1.21 to trade at $90.11…

Oil Price

Brazil's Petrobras Beats Profit Forecast, $3 Bln Payout Announced

Brazil's state-run oil company Petrobras logo is pictured at its building in Rio de Janeiro, Brazil July 17, 2023. REUTERS/Ricardo MoraesSAO PAULO, Aug 3 (R…

Solar Power Plant

Merchant Market Delivers Again for Genex Solar Farms as Big Battery Switches On

Listed renewable energy and storage developer Genex Power continues to reap the rewards of the merchant market for its two operating solar farms.The company&rsq…

Oil Price

Oil Major BP Posts 70% Drop In Second-Quarter Profit, Raises Dividend by 10%

Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed acr…

LNG

India's Petronet Eyes Lower Prices Under Renewed Long-Term Deal With Qatar

India's Petronet LNG NS> hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world's top liquefied natura…

Oil Price

Kuwait Petroleum Corporation Posts Net Profit of $8.5 Billion in Last Fiscal Year

Kuwait Petroleum Corporation and its subsidiaries posted a net profit of more than 2.6 billion Kuwaiti dinars ($8.48 billion) in the last fiscal year, the highe…

Natural Gas

Eni’s Profit Cut Nearly in Half but Progress Made on Enlarging Natural Gas Portion of Global Portfolio

Italy’s energy giant Eni has revealed solid performance in the second quarter and the first half of 2023, despite its results being affected by a steep dr…

Renewable Energy

Uncertain Outlook for Energy Bills as New Cap Announcement Looms

Cornwall Insight has unveiled its latest forecasts for the Default Tariff Cap (price cap) covering the period October 2023 (Q423) to September 2024 (Q324). The …

Electric Vehicles

Used Tesla Model 3 Listed With a Wild $150,000 Price Tag

Tesla has been lowering prices for most of this year but now there is a used Tesla Model 3 with nearly 6,000 km that has a wild asking price of $150,000.This is…

Electricity Transmission

Scorching Heat Stresses Us Power Grids, Prices Soar

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare…

Oil Price

Shell's Profits Tumble 56% To $5 Bln as Energy Prices Cool

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, …