Oil Prices Fluctuate Amid Conflicting Demand Signals
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.
Geologic Hydrogen Is The Next Clean Energy Revolution in the United States
Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.
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.
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.
Is Hydrogen a Contender for Clean Fuel Dominance or a Niche Player in the Automotive Industry?
Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.
Ammonia as a Marine Fuel is a Double-Edged Sword for Decarbonization
Ammonia has emerged as a potential marine fuel in the quest for decarbonization, but a study from Chalmers University of Technology in Sweden reveals that this alternative may create new environmental challenges.
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.
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.
IMC Shifts to Hydrogen-Powered Trucks to Meet California Emissions Mandate
IMC, the leading US container transportation company, has placed an order for 50 Nikola fuel-cell trucks to replace its battery-electric vehicles following unsatisfactory results from two years of testing.
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.
Bill Gates-Backed Wind Energy Startup Airloom Energy Unveils Revolutionary Technology
There is a new company on the block called Airloom Energy, a wind energy startup supported by Bill Gates.
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.
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.
Oil Industry Flourishes Post-Paris Agreement Despite Climate Efforts
Eight years after the Paris Agreement, the oil industry is thriving, with rising profits and record production levels, especially in the United States.
Sinopec Breaks Record with Deepest Onshore Well in Asia, Boosting China's Energy Exploration
China Petroleum & Chemical Corporation (Sinopec) has achieved the first oil and gas flows from Asia's deepest onshore well, the Yuejin 3-3XC well in the Tarim Basin, Xinjiang Uygur autonomous region.