Energy

Energy

Saudi Arabia Gives Up Trying to Drive Oil Higher

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Saudi Arabia, the biggest and most influential member of OPEC, is abandoning its goal of driving the price of an oil barrel up to $100.

2 min read

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Energy

Big Banks Promise to Back Nuclear Energy

A group of 14 large banks and other financial institutions announced that they’re going to up their support for the nuclear power industry.

1 min read
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Energy

BP Puts $2 Billion US Onshore Wind Business Up for Sale

On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.

2 min read
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Energy

OPEC+ Wants to Prop Up Falling Oil Prices

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

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 Pulls Back on Big Biofuel Plant

Photo by Jethro Carullo via Unsplash

Shell is hitting pause on a major biofuel project in the Netherlands, one of the biggest in Europe, to consider market conditions.

2 min read

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