Crude oil jumped on Tuesday after the U.S. Energy Information Administration in its monthly Short-term Energy Outlook maintained their forecast of an oversupplied market by early next year leading to gradually lower prices. The CEO of the world's largest independent oil trader meanwhile said he...
As representatives of governments, businesses, and other organisations with an influence over the future of the automotive industry and road transport commit to rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement. Toyota, Volkswagen, Stellantis and Hyundai do not...
Fleets of electric vehicles ready to shoulder the military's workload and slash greenhouse gas emissions over the coming decade -- that's what the Pentagon is hoping it can pull off as part of President Joe Biden's efforts to combat climate change, Deputy Defense Secretary Kathleen...
TotalEnergies and Daimler Truck AG have signed today an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate...
Over the next six years, ExxonMobil plans to invest more than $15 billion on lower greenhouse gas emission initiatives. This significant increase in spending will further accelerate efforts to reduce greenhouse gas emissions from our operated facilities. To that point, we are on track to...
The Nord Stream 2 gas pipeline is ready to be launched, deputy department head of Gazprom Alexei Finikov said on Monday. "The Nord Stream 2 gas pipeline has been completed and is ready for a start," he said. Construction of the Nord Stream 2 ended on September...
Glencore has reached an agreement to sell its oilfields in Chad to Anglo-French oil company Perenco, a company spokesperson told Reuters on Thursday. Mining and trading giant Glencore entered Chad in 2012 and acquired the oilfields in 2014. But the purchase took place just months...
Lucid Group announced initial customer deliveries of the Dream Edition launch versions of Lucid Air. The first group of Dream Edition reservation holders were invited to take delivery of their vehicles on Saturday, October 30. Upon receipt of their cars, these initial customers will embark...
Wholesale gas prices have risen 250% since January 2021 and 70% in August alone, according to industry group Oil & Gas UK.The increases reportedly were due to depleted stocks following a cold winter in 2020, reduction in supply from Russia, and increased demand for liquefied...
Volvo Autonomous Solutions and Holcim Switzerland have entered a collaboration to jointly test and further develop the use of autonomous electric haulers in a limestone quarry. Holcim’s quarry Gabenchopf in Siggenthal has been chosen as the site for this project. The battery-electric haulers currently being...
UK Business and Energy Secretary Kwasi Kwarteng met with US Secretary of Energy Jennifer M. Granholm today (4 November 2021) at the UN COP26 summit in Glasgow, where they discussed strengthening cooperation to accelerate the global transition to clean energy and build back better ambitions....
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Head of the UAE delegation to the 26th Conference of Parties to the United Nations Framework Convention on Climate Change - UNFCCC (COP26), attended today the official launch ceremony of...