A considerable increase in the number of electric cars driven on Britain's roads could lead to a great jump in electricity demand by 2030, bigger than the capacity of the planned Hinkley Point C nuclear power station, according to National Grid, a company which runs the United Kingdom’s national...
The United States Senate confirmed Rick Perry as the Secretary of Energy on Thursday, the Hill reported. Perry passed the vote with 62 votes to 37.
Perry, a former Texas governor and Republican presidential candidate, once stated that Energy Department should be eliminated. However, in his...
Oil prices turned to gains on Wednesday after the US Energy Information Administration (EIA) reported an increase of 13.8 billion barrels in the country’s oil inventories. Meanwhile, according to EIA data, US gasoline inventories declined by 869,000 barrels.
WTI for March delivery gained 0.35%...
Oil prices dropped over 1% on Monday after the dollar index climbed back above 100 and following the Baker Hughes report on Friday on an increase in the number of oil rigs in the United States and Canada.
Crude prices fell despite OPEC and non-OPEC producers implementing the output cut deal...
Energy prices traded in the green on Thursday, supported by a growing demand in China and weakening US dollar. Official data on refinery utilization and crude imports indicated demand for the commodity in China increased 4.1% on the year in November to 11.44 million barrels per day, the...
Russia's presidential spokesman Dmitry Peskov (pictured) said on Wednesday that potential new sanctions against the country which the United States is considering could be detrimental to the world economy.
Peskov expressed hope that the US would give up on imposing further sanctions on Russia as...
BP plc announced on Tuesday in a press release that it has decided to cancel its exploration and drilling program in the Great Australian Bight (GAB), offshore South Australia. The energy giant said the operation would not be able to compete for investment, against other global opportunities. "We will...
Tesla Motors Inc. and SolarCity Corp. reached an agreement to combine in a $2.6 billion all-stock deal, SolarCity announced on its blog on Monday.
Under the deal, SolarCity stockholders will receive 0.11 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37...
Russian Gazprom decided to appeal the decision by the Ukrainian court to reject the company’s objection regarding the $3 billion competition fine, Sputnik reported on Thursday.
Ukranian anti-monopoly committee (AMC) accused Gazprom of misusing its dominant position and preventing market...
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