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Oil Price

Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock …

Hydrogen Fuel Cell Vehicle

Hydrogen will not Play a Major Role in Road Transport

Electric drives will also dominate the heavy-duty sector, and fuel cells will remain a niche application.

Electric Car

Ford Plans Seven Electric Models in Europe by 2024

Ford has created a new global business unit – Ford Model e – focused on the design, production, and distribution of electric and connected vehiclesAutomotive …

Coal Mine

Ohio Utility Says Two Coal Plants Could Close Next Year

An Ohio-based utility said it plans to deactivate or sell the remaining coal-fired units at two of its power plants in 2023, five years earlier than previously …

Coal Price

Coal Prices Rise to Record Levels on Russia Supply Fears.

Coal buyers are trying to lock up supplies amid fears that Russia could respond to sanctions by cutting off exports.

Carbon Emissions

EU Countries Support Plan for World-First Carbon Border Tariff

European Union countries on Tuesday backed the bloc's plan to impose a world-first carbon dioxide emissions tariff on imports of polluting goods.

Oil Exploration

Deep-Water Exploration Permits Attract Attention in Australia

Offers submitted for nine exploration blocks of which six are off the south-east coast

Crude Oil

Brent Crude Down Almost 6% but Still Above US$100 a Barrel

Brent crude was off almost 6% but remained above US$100 barrel with a potential cessation to violence in Ukraine helping quell sentiment-driven panic price rise…

Gas power plant

Japan Cuts Thermal Power Capacity with Maintenance

Japan's thermal power generation capacity is expected to fall this week on the back of increased maintenance, in line with the arrival of spring weather across …

Hydrogen Production

Has Russia Thwarted Its Hydrogen Future?

The hydrogen economy goes well beyond the production and export of low carbon hydrogen to encompass technology covering the entire hydrogen value chain — an ar…

Crude Oil

Oil Terminal Blast In Nigeria Takes Production Offline

An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…

Crude Oil

Global Crude Oil Prices Extend Losses Ahead of Fed Meeting

Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.

Natural Gas

Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage

Russian producer was hoping for a much-needed boost in oil reserves within large licence block in Russian sector of the Caspian Sea

Natural Gas

Average US Gas Price Rises 22% in Two Weeks to Record $4.43

The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters) as Russia…

Crude Oil

Rising US Oil Clout on Show in Houston

A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the …