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Two More Oil Tankers Attacked Near Strait of Hormuz
Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off ...
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1. President Donald Trump’s plan t...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Europe’s Battery Storage Installations Set to Quadruple by 2030
further accelerate through 2030 as utility-scale projects lead growth, the SolarPower Europe association said in a new report on Tuesday. Last year, the European battery storage market saw 36 gigawatt ...
IOC's Tanker Tender Comes Up Empty as Hormuz Risk Lingers
Indian Oil Corporation (IOC), the biggest refiner in the country, did not receive any bids in a tender to charter three tankers to pick up crude and gas from the Persian Gulf and ship the volumes thro ...
Iran Moves to Tap Key Asian Markets as U.S. Waives Oil Sanctions
Iran is pitching its oil to Asian buyers outside China, contacting India, South Korea, and Japan, as the United States issued a temporary two-month waiver allowing Iranian oil sales, including in U.S. ...
India Boosts U.S. LPG Imports to Record High
Despite higher prices, India is set to import the biggest ever volumes of liquefied petroleum gas (LPG) from the United States in June as it seeks to replace still-constrained supply from the Middle E ...
Europe’s EV Boom Accelerates as Chinese Brands Gain Ground
Electric vehicle sales, increasingly featuring Chinese vehicles, led an overall increase in car sales in Europe last month, with gasoline and diesel cars booking declines amid higher prices at the pum ...
UK Has Enough Electricity for Winter Despite Energy Market Turmoil
The UK will have sufficient electricity supply this winter despite the Strait of Hormuz crisis, NESO, the country’s grid operator, said today. “While we will continue to monitor global energy markets, ...
Oil Prices Continue to Slide as Peace Talks Progress
Crude oil prices extended their decline today, with Brent crude sliding to $77.51 per barrel at the time of writing, and West Texas Intermediate at $73.62 per barrel, on reports that the United States ...
Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets
Oil prices have continued to whipsaw since the U.S. and Iran announced last week signed a deal to make a deal as traffic through the Strait of Hormuz is anything but straight and not expected to norma ...
Global EV Industry Faces Outsized Risk From Cobalt Supply Disruptions
Back in 2020, the electric vehicle sector witnessed a major evolutionary change after leading EV makers started using cobalt-free batteries at scale. Back then, Tesla Inc. (NASDAQ:TSLA) officially shi ...
Denmark and Germany Launch Europe’s First Hydrogen Superhighway
For the past few years, hydrogen has suffered from a credibility problem. Not because the technology itself stopped making sense, but because expectations ran too far ahead of reality. Governments ann ...
London Mayor: UK Tops Green Finance Rankings for Eighth Straight Year
As the City of London Corporation marks the fifth instalment of the Net Zero Delivery Summit this week, I reflect on the world we were in back in 2022. Only four years ago businesses and communities w ...
Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas
Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the E ...