Energy
-
US oil giants announce reduced profits while increasing shareholder payouts
ExxonMobil and Chevron made less money this year because commodity prices dropped. However, their profits were still high enough to…
-
Siemens Energy’s shares plummet over 37% due to increasing worries about wind turbine performance
On Thursday evening, the company made an announcement stating that an examination of matters pertaining to its subsidiary, Siemens Gamesa,…
-
OPEC predicts that by 2045, the world will need “110 million barrels” of oil each day
According to OPEC, the world’s energy demand is projected to increase by 23% over the next two decades, resulting in…
-
Energy council chief declares current global energy system “unfit for purpose”
The council’s latest report indicates that by 2050, approximately half of the worldwide energy system is projected to remain non-electrified.…
-
Oil prices surge following US debt agreement and positive jobs data, shifting attention towards OPEC
On Friday, oil prices experienced an increase following the resolution of the U.S. debt ceiling issue, which prevented a default…
-
These countries that are likely to experience the greatest impact if oil prices reach $100
OPEC+ surprised the oil markets on Sunday by announcing a reduction in production of 1.16 million barrels per day. As…
-
German energy company Uniper announced a loss of 19.1 billion euros
German energy company Uniper, whose financial structure deteriorated during the global energy crisis, announced a loss for last year. The…
-
Goldman Sachs: Oil may rise above $100 again
Goldman Sachs analysts predicted that oil prices would rise $100 from the current $80 level due to the supply gap…
-
Biden’s wind energy target continues to be disrupted
Due to the rising interest rates in the USA, the Mayflower Wind project in partnership with Shell, EDP and Engie…
-
Japan plans to extend the life of its nuclear power plants
Struggling with high fuel prices due to the Russia-Ukraine war and the depreciation of the Japanese yen, Japan is again…
