U.S. States Gear Up for 2035 Phasing Out of Gas Cars
Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.
Nikola Corporation Launches First HYLA High-Pressure Modular Refueling Station in SoCal
Nikola Corporation (Nasdaq: NKLA) recently opened its first HYLA high-pressure modular refueling station in Southern California, marking a significant step in zero-emissions transportation.
Shell's Strategic Shift From Gas Stations to EV Charging Stations
Energy giant Shell is shifting gears, planning to sell off some of its gas stations to make room for more electric vehicle charging stations.
Texas Divests $8.5 Billion BlackRock Deal Over Energy Boycott
Texas terminated its $8.5 billion deal with BlackRock due to the firm's alleged boycott of energy companies.
IEA vs. OPEC - Balancing Energy Security and Environmental Concerns
The world's top oil forecasters, OPEC and the International Energy Agency (IEA), are at odds over future oil demand, creating uncertainty for traders and investors.
U.S. Coal Power Plant Shutdowns Outpacing Predictions
In the dynamic landscape of transitioning to cleaner energy sources, the latest clean energy report from BloombergNEF and the Business Council for Sustainable Energy reveals a surprising trend: U.S. coal-fired power plants are closing their doors at a swifter pace than previously anticipated.
Cybercriminals Target Truckers with Fuel Card Skimming Scams
Cybercriminals are giving carriers a run for their money by targeting truckers with fuel card skimming scams, making legitimate fuel expenses a tricky battle.
Uzbekistan's Groundbreaking Green Hydrogen-Wind Plant Paves the Way
Central Asia is making strides in combating climate change with the construction of its first green hydrogen-wind plant in Uzbekistan.
Biden Administration's Delay on Major Natural Gas Export Terminal
The Biden administration has hit the pause button on a critical decision regarding the approval of the largest natural gas export terminal in the United States.
Extreme Cold Freezes Gas Production, Sparks Concerns of Record Electricity Demand and Soaring Prices
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
Ohio Enacts Law Protecting Vehicle Choice Amid Emissions Regulations Debate
In a move that challenges California's emissions regulations, Ohio is set to enact a law in March that prohibits state agencies from adopting California's vehicle emissions standards.
Russia's Ambitious LNG Expansion Plans Hindered by Sanctions and Tanker Shortage
Russia is aiming to increase its share of the liquefied natural gas (LNG) market to 20% by 2030, but its plans face challenges due to sanctions and a shortage of ice-class LNG tankers.
Fossil Fuel Phase-Out Plans Remain Elusive After Global Climate Agreement
The recent U.N. agreement among nearly 200 countries to transition away from fossil fuels is being celebrated as a significant step in addressing climate change.
BP Joins Major Companies in Suspending Red Sea Shipments Amid Houthi Rebel Attacks
BP has decided to halt all shipments through the Red Sea due to recent attacks on trade vessels by Houthi rebels in Yemen.
Global Agreement on Fossil Fuel Transition Falls Short of Full Phase-Out, but Marks Significant Progress
Government ministers from nearly 200 countries reached an agreement, known as the UAE Consensus, that calls for a transition away from fossil fuels.
U.S. Gas Prices Plummet to Lowest of the Year Amid Falling Oil Prices and Production Cuts
Gas prices in the United States are dropping, with the national average at $3.137 per gallon, down 9 cents from the previous week and the lowest of the year.
Controversial COP28 Climate Agreement Draft Omits Fossil Fuel Phase-Out, Drawing Criticism
The latest draft of the COP28 climate agreement has removed the call to phase out fossil fuels, replacing it with a broader call for countries to reduce planet-warming pollution.
OPEC Expresses Concern Over Possible Fossil Fuel Phase-Out Discussion at Cop28
The OPEC oil cartel has expressed concerns in leaked letters about the potential for a "fossil fuels phase out" being discussed at Cop28, the UN climate summit.
OPEC+ Agrees to 2.2 Million BPD Output Cuts for Early 2024, Led by Saudi Arabia
OPEC+ oil producers have agreed to voluntary output cuts totaling approximately 2.2 million barrels per day (bpd) for early next year, with Saudi Arabia continuing its existing voluntary cut.
Venezuela's Essequibo Referendum Sparks Tensions and Legal Dispute with Guyana
Venezuela is holding a referendum on whether to establish a new state in the disputed Essequibo territory, which has significant oil reserves and has been a source of tension with Guyana for over a century.