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EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
Oil Prices Ignore the Warning Signs in Physical Markets
Oil price movements since the start of March this year have become the topic of dozens of discussions. Many have been puzzled by futures prices and why they haven’t gone through the roof given the sev ...
Refined Fuels, Not Crude, Are Driving the Oil Market Crunch
Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict. Despite the slump in crude prices and the ex ...
US Crude Oil Inventories Build Again Despite Hormuz Disruption
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 3.296 million barrels in the week ending July 24. In the week prior, US crude oil inventories g ...
New Solar Cell Design Solves A Problem That's Plagued Panels for Decades
Solar power is far and away the cheapest form of new energy to install in nearly every context around the world. Even in the United States, where the cost of solar additions has jumped up 18 percent s ...
U.S. Sale Of Venezuela’s Oil Hits $13 Billion Since Trump’s Takeover
President Donald Trump revealed on Monday that sales of Venezuela’s oil by his administration have generated more than $13 billion since the capture of former President Nicolás Maduro on January 3, cl ...
OPEC+ Prepares to Stop Raising Oil Output Targets
OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhs ...
Central Asia Seeks New Trade Route to Pakistani Ports
Uzbekistan appears to be hedging its bets when it comes to Afghanistan’s ability to serve as a trade corridor. Over the past year, Tashkent has ramped up its engagement with Afghanistan, setting an am ...
Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike
Saudi Aramco shut its 400,000-barrel-per-day Jazan refinery on July 27 after a Houthi attack damaged the facility, according to an IIR note seen by Reuters. IIR said the strike damaged the refinery’s ...
Why Did Trump Just Give Saudi Arabia the Fast Track to a Nuclear Weapon?
At the beginning of Donald Trump’s first term as U.S. President in 2017, a senior White House official commented off-the-record to OilPrice.com that: “We’re not going to put up with any more crap from ...
Defense Tech Investment Hits Record High as Arms Giants Ramp Up Startup Funding
Investment in defence tech start-ups has reached a record high this year as the world’s biggest arms companies step up spending on new military technology. New figures from Dealroom show defence contr ...
Hitting EU Renewables Targets Could Slash Gas Demand a Quarter by 2030
The European Union could save a lot on LNG imports by 2030 if it achieves its heat pump, solar, and wind installation targets…so much so that the bloc could save twice the gas it imports from Qatar, t ...
Oil Prices Retreat, But the Strait of Hormuz Remains the Wild Card
Trump's latest comments cooled oil prices, but talks over ending the Strait of Hormuz blockade could prove far more consequential. Hedge Funds Pile Back into Oil as Chokepoint Risks Return - The signi ...