Energy

Exclusive news, analysis, and commentary on developments in the oil, hydropower and natural gas markets, as well as green energy.

Energy

OPEC+ Wants to Prop Up Falling Oil Prices

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Days after Brent crude oil prices fell under $74 per barrel, the member nations of OPEC+ agreed to delay a production increase for two months.

2 min read
Energy

US Dithering on Hydrogen Gives Foreign Investment a Way In

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The Abu Dhabi National Oil Company (ADNOC) signed a deal with Exxon to buy a 35% share of a new hydrogen plant just outside Houston, Texas.

1 min read
Energy

Exxon Sees Oil Demand in 2050 Unchanged, Testing Net Zero Goals

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ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.

2 min read
Energy

US Coal Miners Arch and Consol to Combine Into $5.2 Billion Giant

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Arch Resources and Consol Energy announced plans for a merger to create a new $5.2 billion coal giant called Core Natural Resources.

1 min read
Energy

The Carbon Credit Market Takes a Knock

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The Integrity Council for the Voluntary Carbon Market issued some new guidelines on what types of carbon credits it can rubber-stamp.

1 min read
Markets

Energy Crisis Spurs Record Payout at Vitol Group

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Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read
Energy

Shell Backs Off Offshore Wind

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Shell has started to shop around for buyers to offload its stake in an offshore wind project off the coast of Scotland.

1 min read
Big Tech

Microsoft and Occidental Agree to Massive Carbon Credit Deal

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Microsoft is is buying 500,000 carbon credits from Occidental Petroleum over the next six years to help reach its carbon-negative goal.

2 min read