Category: Energy

July 19, 2021

Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter. The decision to halt the project—which had envisioned the creation of the […]

July 19, 2021

It is part of a project called ‘Desolination’, intended to improve the efficiency of both concentrator solar power and desalination. “Not only will improvement be made on the independent systems but also on their coupling taking advantage of the mutual […]

July 8, 2021

The recent bout of higher oil prices is unlikely to make much of a dent in the global recovery, according to economists who say strong growth and flush consumers in advanced economies will help the world absorb much of the […]

June 24, 2021

New York City will install its first curbside electric-vehicle charging stations this year, part of an effort to address the dearth of charging options in the city. The Department of Transportation said that by October it will install 100 charging […]

June 24, 2021

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production. Stockpiles in Cushing, Okla., the delivery point for West Texas Intermediate oil futures fell nearly 4 million barrels in the […]

June 11, 2021

The world’s appetite for crude oil will return to its pre-pandemic highs by the end of next year but low coronavirus vaccination rates in emerging economies are pushing the pandemic’s end date further away, the International Energy Agency said Friday. […]

June 8, 2021

If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between […]

June 1, 2021

The Senate Finance Committee recently advanced legislation designed to utilize tax credits to encourage the production of renewable energy and electric vehicles (EVs). The panel moved the Clean Energy for America Act on a 14-14 party-line vote on Wednesday. The […]

May 26, 2021

Exxon Mobil Corp. and Royal Dutch Shell PLC suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that […]

May 25, 2021

Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand. West Texas Intermediate edged higher after switching between gains and losses in a roughly $1-a-barrel trading range. Talks between […]