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Crude Oil
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Joe Biden
SK Innovation to Ask U.S. President Joe Biden to Overturn ITC's 10-year Import Ban
SK Innovation issued a statement following the ITC’s release of a Commission Opinion on its ruling about a month ago.
Crude Oil
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…
United States
Trump: Biden’s Policies To Bring ‘Energy Disaster’ To The U.S.
In his first public speech since leaving office in January, former President Donald Trump slammed President Joe Biden’s energy policies and said they would bri…
Market Analysis
Rejoining Paris Pact Signals U.S. Ready To Jump Aboard Hydrogen Express
The decision by the Biden administration to rejoin the Paris agreement will likely provide a boost to the creation of a robust hydrogen fuel industry in the U.S…
Nuclear Reactor
GE Hitachi Nuclear Energy Advances Efforts to License BWRX-300 Small Modular Reactor
GE Hitachi Nuclear Energy today announced that it continues to make significant progress in its efforts to license the BWRX-300 small modular reactor in the U.S…
Net Zero Emission
Biden says U.S., Canada to Work Toward Achieving Net Zero Emissions by 2050
U.S. President Joe Biden said on Tuesday that he and Canadian Prime Minister Justin Trudeau agreed to work toward achieving net zero emissions by 2050.
Oil Price
Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a…
China was EU's Largest Trade Partner in 2020
The EU's trade with the U.S. dropped significantly in 2020, with a 13.2-percent dip in imports and 8.2-percent in exports, Eurostat said.
Oil & Gas Trade
U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA
Throughout much of its history, the United States has imported more petroleum than it has exported.
Crude Oil
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…
Nuclear Power Plant
S. Korea Offers to Help Poland Build Nuclear Power Plants
State-owned Korea Hydro & Nuclear Power Co has offered to help Poland build its first nuclear power plants, as Warsaw moves to reduce carbon emissions, the comp…
United States
Renewables on Track to Exceed 30% of U.S. Capacity by 2025
According to a review by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission, renewable energy sources strongly dominated new…
EV Market
Tesla Prepares To Build EV Factory In India
Tesla will set up a car manufacturing unit in India, the chief minister of the state of Karnataka has said, as the U.S. electric vehicle maker aims to enter one…
Wind Power Company
Xcel Energy One of First U.S. Energy Providers to Reach 10,000-Megawatt Wind Power Milestone
The milestone is powered by the company’s 10 new wind projects in the Upper Midwest, Colorado, Texas, and New Mexico.
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