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How Copper Is Defying Weakness in China to Make A Serious Bull Run

How Copper Is Defying Weakness in China to Make A Serious Bull Run

Copper investments are enjoying another…

Lithium Faces Challenge From Sodium Batteries

Lithium Faces Challenge From Sodium Batteries

Lithium-ion has been the dominant…

News

France Crafts Offshore Wind Expansion to Meet Climate Goals

France Crafts Offshore Wind Expansion to Meet Climate Goals

May 02, 2024 at 12:28 | Julianne Geiger

France has revealed an ambitious strategy to amplify its offshore wind capacity, signaling a determined effort to make as much progress as neighboring nations in meeting climate objectives. In an…

Gazprom Grapples with Historic Net Loss Amidst Gas Revenue Decline

Gazprom Grapples with Historic Net Loss Amidst Gas Revenue Decline

May 02, 2024 at 11:22 | Julianne Geiger

Russia's Gazprom Group, a state-controlled energy giant, has disclosed its first annual net loss in 23 years, signaling a significant shift in financial performance attributed to dwindling gas shipments to…

Taliban Aims to Create Energy Trade Hub Eyeing Russian Oil Exports

Taliban Aims to Create Energy Trade Hub Eyeing Russian Oil Exports

May 02, 2024 at 09:21 | Charles Kennedy

The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting…

Canadian Natural Resources Misses Q1 Earnings Expectations

Canadian Natural Resources Misses Q1 Earnings Expectations

May 02, 2024 at 08:32 | Charles Kennedy

Canadian Natural Resources (NYSE: CNQ), the top oil and gas producer in Canada, reported lower-than-expected earnings for the first quarter, dragged down by weaker prices for synthetic…

Norway’s Cash Flow From Offshore Fields Crashes Due to Low Natural Gas Prices

Norway’s Cash Flow From Offshore Fields Crashes Due to Low Natural Gas Prices

May 02, 2024 at 07:33 | Tsvetana Paraskova

Norway saw cash flow from its stakes in oil and gas fields nearly halve in the first quarter of 2024 compared to the same period of 2023, as natural gas…

Major Australian Pension Fund to Restrict Coal Investments

Major Australian Pension Fund to Restrict Coal Investments

May 02, 2024 at 06:50 | Tsvetana Paraskova

Australian Retirement Trust, which manages $183 billion (AUS$280 billion) of retirement savings, is placing thermal coal on its exclusion list as of July 1, as it looks to have a…

Shell Starts $3.5-Billion Share Buyback as Q1 Profits Trump Estimates

Shell Starts $3.5-Billion Share Buyback as Q1 Profits Trump Estimates

May 02, 2024 at 05:52 | Tsvetana Paraskova

Helped by higher crude and product trading profits and increased refining margins, Shell (NYSE: SHEL) smashed earnings estimates for the first quarter of the year and announced…

Devon Energy Raises Production Guidance After Posting Strong Q1 Earnings

Devon Energy Raises Production Guidance After Posting Strong Q1 Earnings

May 02, 2024 at 04:47 | Tsvetana Paraskova

Devon Energy Corp (NYSE: DVN) raised its production guidance for 2024 after topping first-quarter earnings estimates as its production exceeded expectations and more than offset weak natural…

Shell Investors Call on Others to Force Company Into More Climate Action

Shell Investors Call on Others to Force Company Into More Climate Action

May 02, 2024 at 03:21 | Irina Slav

Several large institutional shareholders in Shell have called on the rest of the company’s shareholders to support a resolution demanding greater climate action, the Financial Times has reported.…

U.S. Oil and Gas Production Picks Up as Weather Warms

U.S. Oil and Gas Production Picks Up as Weather Warms

May 02, 2024 at 02:04 | Irina Slav

After a harsh winter in January that reduced oil and gas output, U.S. drillers are ramping up again, with the February average daily gaining 600,000 bpd from January,…

Former Pioneer CEO Faces Antitrust Probe

Former Pioneer CEO Faces Antitrust Probe

May 02, 2024 at 01:29 | Irina Slav

The former chief executive of Pioneer Natural Resources, Scott Sheffield, is facing allegations of collusion by the Federal Trade Commission, for an attempt to co-ordinate production cuts to…

Tanker Traffic Resumes at Beleaguered Freeport LNG Terminal

Tanker Traffic Resumes at Beleaguered Freeport LNG Terminal

May 01, 2024 at 13:02 | Charles Kennedy

Beleaguered Texas-based Freeport LNG saw a second tanker leave for export on Wednesday, less than a week after the first, as the liquified natural gas plant recovers from a series…

Logistical Hurdles Could Halve Trans Mountain Export Projections

Logistical Hurdles Could Halve Trans Mountain Export Projections

May 01, 2024 at 12:53 | Charles Kennedy

Exports from the expansion of Canada’s TransMountain pipeline expansion project that launched on Wednesday may come in at only half of what the federal government is projecting, Canadian media have…

Shell Quits China’s Power Markets

Shell Quits China’s Power Markets

May 01, 2024 at 12:13 | Charles Kennedy

Shell exited the Chinese power generation and trading markets effective end-2023, as it scales back its power business globally to focus on more profitable operations, the UK-based supermajor told 

Oil Prices Plummet 3% on US Inventory Build, Inflation

Oil Prices Plummet 3% on US Inventory Build, Inflation

May 01, 2024 at 11:29 | Charles Kennedy

U.S. crude oil prices continued to plummet on Wednesday, falling over 3% and Brent crude right behind it, shedding over 2.8% on a surprise U.S. inventory build and uncertainty…

Cenovus Tops Earnings Forecast as Refining Jumps to Record

Cenovus Tops Earnings Forecast as Refining Jumps to Record

May 01, 2024 at 09:04 | Charles Kennedy

One of Canada’s biggest oil and gas companies, Cenovus Energy (NYSE: CVE), booked higher-than-expected earnings for the first quarter of 2024 amid strong oil and gas production…

Ukrainian Drones Hit Major Rosneft Refinery in Russia

Ukrainian Drones Hit Major Rosneft Refinery in Russia

May 01, 2024 at 08:20 | Charles Kennedy

Just as Russia had started to bring back some refinery capacity damaged by Ukrainian drone attacks earlier this year, a new wave of drone attacks hit a major refinery owned…

U.S. LNG Exports Continue to Fall as Freeport Plant Struggles With Outages

U.S. LNG Exports Continue to Fall as Freeport Plant Struggles With Outages

May 01, 2024 at 08:06 | Charles Kennedy

Exports of liquefied natural gas (LNG) from the United States fell in April for a fourth month in a row, as the Freeport export facility continues to struggle with operational…

Traders Boost Bullish Bets on European Natural Gas Prices

Traders Boost Bullish Bets on European Natural Gas Prices

May 01, 2024 at 06:44 | Tsvetana Paraskova

Portfolio managers boosted their bullish bets on Europe’s benchmark natural gas price to the highest level in six months, expecting continued volatility as Europe is now beginning to stockpile supplies…

China Dominated the Global Wind Turbine Market in 2023

China Dominated the Global Wind Turbine Market in 2023

May 01, 2024 at 06:02 | Tsvetana Paraskova

China accounted for 65% of new wind capacity last year, which placed four Chinese original equipment manufacturers in the top five spots in the global ranking, a new 

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