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Croatia Detains Five People Suspected Of Cheating Oil And Gas Firm INA
A court in Zagreb has ordered five people to be kept in custody for a month for questioning over a suspected fraudulent trade deal that lost Croatia's oil and gas firm INA 1 billion kuna ($132 million), local media said.
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Oil Money Is Flooding Into Guyana. Who Will Benefit?
"Prepare for a massive influx of government revenue with little expertise on how to handle it," wrote analysts at the U.S. Agency for International Development in a report released earlier this year.
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U.S. Says Had Constructive Talks With India On Russian Oil Price Cap Plan
The United States had constructive talks with Indian officials on a proposal to cap prices of Russian oil, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday, as it seeks global support for a proposal to cut Russian revenue.
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Former Nigerian Militants Get Contracts To Combat Oil Theft
Nigeria's state oil company has hired a company owned by former militant Tompolo, whose movement's attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft, his spokesman said.
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Yemen's HSA Pledges $1.2 Million To U.N. Drive To Avert Tanker Oil Spill
Yemen's HSA Group became the first private entity to pledge funds for a United Nations operation to avoid an oil spill from a tanker stranded off the coast of Yemen, as the U.N. urgently tries to secure an initial requirement of $80 million.
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In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel
In Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.
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Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Rising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.
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China's CATL To Develop New Battery Materials To Improve Energy Density - Report
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.
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Oil Prices Rise On Signals OPEC Might Cut Output
Oil prices ended higher, boosted by signals that OPEC could cut output.
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Tesla Supplier Panasonic Plans Additional $4 Billion U.S. EV Battery Plant - Report
Panasonic is in talks to build an additional EV battery plant in U.S. at a cost of around $4 billion.
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Global Market For EV Batteries Expected To Reach $250 Billion By 2030 - Report
The global market for electric vehicle (EV) batteries is expected to reach $250 billion by 2030
Read More →Oil Prices Sink $2/bbl On Possible Iran Oil Exports, Rising Interest Rates
Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible return to global markets of sanctioned Iranian oil exports
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Amazon Signs Green Hydrogen Supply Deal With Plug Power
The world's largest online retailer said that it uses hydrogen to power over 15,000 fuel-cell propelled forklifts, and plans to increase that number to 20,000 units in three years.
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California To End Sales Of Gasoline-Only Cars By 2035
California Governor Gavin Newsom first announced the plan to phase out vehicles that run only on gasoline by 2035 in September 2020.
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Tesla Shares Close Lower After 3-1 Stock Split
The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. 17
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Oil Ends Higher On U.S. Response To Iran Nuclear Deal Comments
Oil prices ended Wednesday higher after a volatile trading session. Brent crude settled up $1.00 to $101.22 while U.S. crude settled up $1.15 to $94.89 a barrel.
Read More →Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
Read More →OPEC+ Sees Slightly Smaller Oil Market Surplus This Year, Sources Say
OPEC+ sees this year's oil market as slightly less supplied than previously thought, a day ahead of a meeting at which the producer group is set to decide on its production policy for next month.
Read More →Oil Rises Nearly 2% On Strong Economic Data But Trade Choppy
Oil prices rose nearly 2% in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.
Read More →Ukraine Halted Oil Flows To Europe Over Payment Issue, Russia's Transneft Says
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said.
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