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Which Businesses Are the Worst Hit by Soaring Energy Prices?
Aviation, shipping and chemical industries will be the first to be hit hard by the soaring energy prices.
Oil & Gas Supply
Exxon Passes $100 Mark for First Time Since 2014
ExxonMobil stock saw a more than 2% boost in share prices on early Wednesday trading, marking a significant comeback for an oil giant that has recently fallen o…
Paris Climate Agreement
Global Investors Write to U.N. To Urge Global Plan On Farming Emissions
Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest s…
LNG
U.S. Natural Gas Prices Drop After Explosion at Freeport LNG Terminal
An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue to f…
Oil Price
Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.
Solar Power Panel
Polysilicon Production Growth to Stabilise Solar Module Prices: Report
Total production is expected to reach 700,000 tonnes in 2022, globally.
Energy Transition
High Fuel Prices Could Erode Public Support for Energy Transition, Chevron CEO Says
Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down …
Germany
Germans Tackle Energy Crisis With €9-A-Month Transport Tickets
A new government scheme offers unlimited travel on all local and regional public transport
Energy Storage Battery
Zinc Batteries Power Stationary Energy Storage
As solar, wind and other renewable resources play a larger role on the power grid, renewables’ essential partner—energy storage—must keep pace to provide pow…
Electric Car
How Recycling Lithium-Ion Batteries Can Boost India’s EV Adoption
The battery accounts for about half the cost of an electric car and cheaper, more sustainable solutions can help to reduce prices
Energy Security
UK Energy Services Firm Wood Sells Consulting Unit for $1.9BN
Canada-based firm WSP has bought the business.
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Oil & Gas Supply
Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports
Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…
New York Announces 2GW of New Solar and Energy Storage Projects
The projects – the state’s largest land-based renewable energy procurement to date – will deliver green electricity to power more than 620,000 homes for at l…
Oil Shale
ExxonMobil to Sell Shale Assets in Texas to BKV for $750M
The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.
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