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Energy
US Skilled Labor Shortage, Rising Construction Costs Threaten to Derail New LNG Projects
Some new liquefied natural gas (LNG) projects in the US Gulf Coast are experiencing delays due to a shortage of skilled labor.
Oil Prices Rise Above Expectations Following Economic Recovery and Drop in US Crude Stockpiles
Oil prices surged on Thursday, June 20, driven by a rally in equity markets and a decline in US crude stockpiles, reaching $75 per barrel for Brent crude and $72 per barrel for West Texas Intermediate.
Dutton's Nuclear Power Ambitions Criticized for Potential Taxpayer Burden
Peter Dutton's plan to introduce nuclear power across Australia met with strong resistance due to potential taxpayer burden, with critics citing similar international ventures costing billions.
Ecuador Hit by Nationwide Power Blackout
A power blackout affected the whole of Ecuador on June 19, 2024, which left the whole country and its 18 million people without power.
Latest News
Why are oil companies raking hundreds of billions during Joe Biden's term? Is POTUS to blame? Here are the latest details.
Oil prices surged as Goldman Sachs predicted a supply deficit due to summer demand, aiming for Brent crude to hit $86 per barrel despite OPEC+ production increase.
Diesel prices in Malaysia rose about 50% on June 10 due to the government's revised approach to fuel subsidies to cut spending and save billions of ringgit.
The New Zealand government of PM Christopher Luxzon announced that it would revoke a ban on drilling for oil and gas passed by the previous government of Jacinda Ardern and Chris Hipkins before they were voted out of power.
Saudi oil giant Aramco’s shares rose after a major $11.2 billion stock sale amid strong demand, aligning with Saudi Arabia's Vision 2030.
Vistra Corp., a Texas-based power producer, heads for a massive 14% weekly loss since 2021 as investors retreated from AI-driven electricity demand bets.
Alirio and Jose Luis Zambrano, two of the six Citgo executives who were trapped and imprisoned in Venezuela, have accused their former company of abandoning them in a lawsuit filed in Houston.
Home Energy Rebates in New York launches to help families save up to $14,000 on energy-efficiency upgrades.
Oil prices are experiencing fluctuations as traders wait for OPEC+'s decision due to another second ship attack in the Red Sea.
