(Investing) – LONDON – U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticised the British government’s attempts to hit clean energy targets. Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate change, in
(Oil Price) – U.S. gasoline prices have resumed their uptrend, with AAA reporting the national average at $3.161 per gallon of regular compared to $3.139 a week ago and $3.115 a month ago. The national average price of diesel has increased 0.8 cents and now stands at $3.632 per gallon. “The national average has inched higher, driven primarily by sharp gas price increases
(World Oil) – (Bloomberg) – Saudi Aramco’s venture arm has invested in an AI cloud startup backed by Spanish telecom giant Telefonica SA as it seeks to drive the kingdom’s push to become an artificial intelligence hub. The deal with UK-based Ori will see the company establish a regional subsidiary in Riyadh to develop talents and advance technologies in the local
(Oil Price) – American and European companies in the nuclear energy supply chain have become increasingly vulnerable to a possible supply shock in the uranium market amid fierce resource competition from China and Russia and the planned surge in nuclear power generation to meet electricity demand. As many countries are now looking to nuclear power to cut emissions and reliance on
(World Oil) – – President Donald Trump ordered the creation of a White House council focused on steering the U.S. toward “energy dominance,” with the promise of action as soon as next week. “We have more energy than any other country, and now we are unleashing it,” Trump said Friday in the Oval Office as he signed an executive order
(Investing) – The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, is contemplating a delay in its planned monthly supply increases, which were set to begin in April. This decision is under consideration despite the request from US President Donald Trump for lower oil prices, Bloomberg News reported. The global oil markets are currently too unstable
