Tag: energy

Crude prices fall after Saudi Arabia cuts Asian prices

Oil prices came under renewed pressure on Monday, after Saudi Arabia cut prices for its Asian customers and demand worries lingered following last week’s weaker-than-expected...

U.S. oil prices finish with a slight gain as OPEC+ keeps plan to boost output in place

U.S. oil futures on Wednesday finished with a slight gain, but global prices posted a modest loss, after major oil producers made no changes to...

Stock futures steady as Wall Street gets ready to test records, while oil prices stumble

U.S. stock futures were inching higher on Monday, with major indexes set to hold on to records set late last week after a dovish message...

Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana

Natural-gas futures were on the rise, extending a climb to a three-year high, and crude-oil prices were mixed in electronic trading late Sunday as Hurricane...

Water funds attract $35 billion as drought drains reservoirs. A new report asks if they are worth it

As extreme drought and water shortages plague the U.S. West and beyond, water funds have attracted about $35 billion of assets under management, according to...

IIT Guwahati Researchers make Breakthrough in Memory Architectures

Indian Institute of Technology Guwahati (IIT) researchers have made fundamental contributions to memory architectures by preventing redundancy in data values and improving slow and frequent...

What the Afghan government’s collapse might mean for the U.S. stock market

After 20 years in the shadows, the Taliban have returned to power in Afghanistan, raising questions about stability in the Middle East and stoking some...

Opinion: Here’s the stock index you want to own to keep on top of inflation

The stock market is not a bad place to be if high U.S. inflation turns out to be more than transitory. It’s also not a...

U.S. COVID-19 case tally passes 36 million as more states seek face-mask mandates and plead with unvaccinated to get shots

The U.S. tally of confirmed cases of COVID-19 passed 36 million on Wednesday, with at least three states gearing up to implement face-mask mandates as...

‘Don’t expect an optimistic picture’: The most influential U.N. climate report in nearly a decade hits Monday

The United Nations on Monday is set to release arguably the most high stakes and comprehensive assessment of global warming in some time, including estimates...

U.S. stocks fall Friday, book weekly losses amid delta variant concerns and weakness in Amazon results

U.S. stock indexes closed lower Friday, posting a weekly loss to close out the month, with renewed concerns about a rise of cases of the...

Shell shares surge after results, driving FTSE 100 higher

London stocks climbed on Thursday, thanks to strong results from oil and gas giant Shell, which announced a $2 billion share buyback plan, with mining...

U.S. Reaches Deal With Germany Over Russian Nord Stream 2 Pipeline

The State Department detailed an agreement Wednesday between the U.S. and Germany allowing the completion of a controversial Russian natural-gas pipeline, giving Germany and Russia...

U.S.-German Deal on Russia’s Nord Stream 2 Pipeline Expected Soon

The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural-gas pipeline, according to officials from Berlin and Washington, who...

What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like...

‘Energy requirements to lead a decent life in developing nations are modest compared to US use — we need a new paradigm on equity’

Narasimha D Rao teaches at Yale University. Speaking to Srijana Mitra Das, he discusses how poverty eradication could help reduce energy needs and enable sustainable...

Petroleum Minister Hardeep Singh Puri calls OPEC kingpin Saudi Arabia to convey concerns over high oil prices

Continuing his oil diplomacy, Petroleum Minister ‎Hardeep Singh Puri on Thursday called OPEC kingpin Saudi Arabia to convey India’s concerns about high oil prices which...

Oil slumps on OPEC compromise expectations, COVID variant concerns

Oil futures fell Thursday, extending a slump that began in the previous session after data showed a rise in U.S. fuel supplies and after reports...

OPEC Reaches Compromise With U.A.E. Over Oil Production

OPEC reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the cartel member can eventually pump as part of...

Yellen keeps up push for greater U.S. climate-change regulation, rebuffing concerns of Republicans

Treasury Secretary Janet Yellen said Sunday she will lead an effort across U.S. financial regulators to better scrutinize the potential of climate-change risk, part of President Joe...

Opinion: If you want to fix climate change, you need to fix this flaw in conventional economic thought

BRUSSELS, Belgium (Project Syndicate)—Nowhere are the limitations of neoclassical economic thinking—the DNA of economics as it is currently taught and practiced—more apparent than in the...

Egypt and Ethiopia Clash Over Nile River Dam as Water Scarcity Looms World-Wide

A dispute over the Nile, the world’s longest river, is coming to a head. At stake are the lives and livelihoods of millions of people...

Why the grid is ready for fleets of electric trucks

However, the researchers weren’t sure if the grid could handle many electric trucks simultaneously charging in one place. Unlike electric cars, which have relatively low...

Oil extends bounce but remains on track for weekly loss

Oil futures rose sharply Friday, extending a bounce from the previous session triggered by a sharp fall in U.S. crude and gasoline inventories, but remain...

U.A.E. Pushes to Produce More Crude, Creating OPEC Deadlock

Behind the standoff inside OPEC over whether to boost oil production is a key cartel member with a new strategy: sell as much crude as...