Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
Energy
Russia and China Are Planning to Build a Nuclear Power Plant on the Moon
Russia and China are planning to build a nuclear power plant on the moon by 2035. Russia's Roscosmos space agency chief, Yuri Borisov, said on Tuesday that Russia and China are planning to build a nuclear power plant on the moon by 2035.
Oil Prices Continue to Fall as Dollar Strengthens, Inflation Fears Grow
Oil prices fell further as the dollar rose on market predictions that inflation will delay US interest rate reductions that have limited global fuel demand growth.
Second Donald Trump Presidency: What It Could Mean for US Energy Policy
If former President Donald Trump returns to office again, he will reportedly embark on a course to reverse many of the initiatives undertaken by the Biden administration in combating climate change.
Qatar Notifies European Clients of Delays in LNG Shipping Amid Red Sea Row
Qatar, one of the world's top LNG producers, is delaying some deliveries to Europe due to the Red Sea crisis.
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It seems that Europe has secured its natural gas stocks for this winter, says the International Energy Agency. However, undersupply risks remain in the long term, and that's why the European Union countries, Italy in particular, keep looking for new partners. This opens new possibilities for aspiring natural gas importers, African Mozambique included.
Amid the incoming Trump administration's policy outlook, the renewable energy sector remains optimistic that the renewable companies would not be killed.
The Scotland Transportation is now planning to have a public sector train for the place and could happen in 2020.
AimCo's CEO is pleased to announce their partnership with Journey Energy Inc. Journey released 4.95 million investment. AimCo was so happy that it has victoriously enterted a strategic financing firm with Journey.
Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position.
Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete the deal.
Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.
Wall Street ended higher on Tuesday trading session as energy stocks rallied helped by increasing crude prices. The US crude prices reached its new height in 2016.
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
