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Battery Startup ONE Aims To Slash Cell Cost, Deliver 600-Mile Range
Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles (965 km) of driving range, the company said.
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U.S. Hopes China, India Will At Least Take Advantage Of Russian Oil Price Cap-Adeyemo
U.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap to buy Russian oil at a cheaper price.
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EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter Freeze
The European Union proposed a price cap on Russian gas after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world's richest countries this winter.
Read More →Oil Settles Below $90 As Recession Fears Mount
Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia's invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession risks.
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Stocks Jump As Treasury Yields Ease And Oil Prices Sell Off
Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.
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India's August Fuel Demand Steady M-O-M, Diesel Consumption Drops
India's August fuel consumption was little changed from the previous month, government data released showed, even as diesel demand dropped to the lowest this year during monsoon season in the world's No. 3 oil consumer.
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Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups
Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.
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Oil Dips Nearly 1%, Reversing Gains After Bearish U.S. Economic Data
Oil prices ended nearly 1% lower, reversing earlier gains as U.S. consumer prices unexpectedly rose in August.
Read More →Oil Slumps Over 3% On U.S. Rail Agreement, Demand Concerns
Oil futures fell over 3% on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase.
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Kenya Scraps Petrol Subsidy After President Warned It Was Unsustainable
Kenya scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable.
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Saudi Overtakes Russia To Be India's No. 2 Oil Supplier In August
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia.
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Magna Invests $77 Million In India's EV Startup Yulu To Enter Micromobility Market
Magna is investing $77 million in India's EV startup Yulu to enter the micromobility market.
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Oil Rises 1% On Supply Concerns, Expectations For Fuel Switching
Oil edged up 1% as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter.
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Elon Musk Accuses Twitter Of Security Lapses In Court Filing
Musk accused Twitter of fraud by concealing serious flaws in the social media company's data security.
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Compass Minerals Picks Lithium Extraction Technology To Supply Ford, Others
Compass Minerals will use a lithium extraction technology developed by EnergySource Minerals LLC to produce the electric vehicle battery metal for Ford & others.
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Indian Shares Post Weekly Decline As Tech, Autos Tumble
Indian shares dropped nearly 2% to register a weekly decline, dragged by a sharp fall automobile stocks.
Read More →Ecuador Reaches Preliminary Deals On Oil, Mining With Indigenous Groups
Ecuador reached a preliminary agreement with indigenous groups to declare a temporary moratorium on 16 oil blocks, Energy and Mining Minister Xavier Vera said, a turning point in negotiations aimed at staving off renewed street protests.
Read More →Oil Prices Settle Higher Amid Supply Concerns Heading Into Winter
Oil prices settled higher, shaking off weaker demand expectations as supply concerns mount heading into the winter.
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Toyota, Nissan To Suspend Production In Western Japan As Typhoon Nears
Japan's Toyota Motor Corp will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said.
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Pares Early Gains On Dollar Demand From Importers, Oil Refiners
The Indian rupee trimmed early gains against the U.S. currency on Thursday, weighed down by dollar demand from importers and oil companies.
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