Browsing Category
ENERGY
Oil tumbles more than 8%, breaks below $100 as recession fears mount
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021.David Paul Morris | Bloomberg | Getty ImagesOil prices tumbled Tuesday with the…
Germany’s much-vaunted trade surplus disappears as import prices surge
Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia's invasion of Ukraine.Picture Alliance | Picture Alliance |…
The world’s most powerful tidal turbine just got a major funding boost
Orbital Marine Power's O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and…
Russia is set to switch off the gas for work on a key pipeline — and Germany fears…
Russia says it stands ready to supply gas to Europe, describing ongoing disruption concerns as a "man-made crisis" created by Europe.Bloomberg | Bloomberg | Getty ImagesRussia is poised…
High U.S. gasoline prices weigh on demand as consumers start to feel the pinch, says…
A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022.Luke Sharrett | Bloomberg | Getty ImagesSurging gasoline prices in…
The G-7 is considering a price cap on Russian oil. But energy analysts think…
The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be.Picture Alliance | Picture Alliance | Getty ImagesThe world's seven-largest…
Bitcoin Family say they lost $1 million on their investment this year, but sold a lot…
'Bitcoin Family' opens a bitcoin beach bar in Lagos, PortugalDidi TaihuttuThe "Bitcoin Family" is down more than $1 million on their bitcoin investment since the world's most popular…
Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013.Steve Nesius | ReutersThe Biden…
Major crypto broker Voyager Digital suspends all trading, deposits, and withdrawals
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said…
Russian and Chinese designs dominate nuclear reactors, warns IEA chief
A visitor (R) learns about huaneng's high-temperature gas-cooled reactor model at the China International Nuclear Power Industry and Equipment Exhibition 2021 in Yantai, Shandong…