Latest News

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.

U.S. Says Had Constructive Talks With India On Russian Oil Price Cap Plan
Dec 1, 2022 05:15 AM
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.

Former Nigerian Militants Get Contracts To Combat Oil Theft
Dec 1, 2022 05:14 AM
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.

Yemen's HSA Pledges $1.2 Million To U.N. Drive To Avert Tanker Oil Spill
Dec 1, 2022 05:14 AM
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.

In Poland, Where Coal Is King, Homeowners Queue For Days To Buy Fuel
Dec 1, 2022 05:11 AM
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.

Factbox-Automakers Accelerate Drive To Secure Battery Raw Materials
Dec 1, 2022 05:11 AM
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.

China's CATL To Develop New Battery Materials To Improve Energy Density - Report
Dec 1, 2022 05:10 AM
CATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.

Oil Prices Rise On Signals OPEC Might Cut Output
Dec 1, 2022 05:10 AM
Oil prices ended higher, boosted by signals that OPEC could cut output.

Tesla Supplier Panasonic Plans Additional $4 Billion U.S. EV Battery Plant - Report
Dec 1, 2022 05:10 AM
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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