Energy News Beat Localization of production is expected to allow Chinese EV makers to avoid EU import tariffs Chinese officials and car manufacturers could buy German factories that are expected to shut down, and are particularly interested in plants belonging to Volkswagen, according to a source with knowledge of Beijing’s assessment of the situation, as […]
Energy News Beat Following the recent alleged attempt by the Ukrainian special services to attack the TurkStream pipeline in Russia, Bulgaria has taken measures to secure Balkan Stream, a continuation of the same pipeline that delivers gas to customers in Europe. Bulgaria has stepped up surveillance and security at sites of its critical energy […]
Energy News Beat NUUK, Greenland – US President-elect Donald Trump did not withdraw his previous threat of targeted tariffs on Danish goods in a phone call with Prime Minister Mette Frederiksen, as his desire for control of Greenland shows no sign of abating. The 45-minute conversation between Trump and Frederiksen on Wednesday was focused […]
Energy News Beat The following commentary was written by Larry Glover, a Maryland-based energy marketing & communications subject matter expert and community engagement specialist. See our commentary guidelines for more information. We just lived through the hottest summer in recorded human history. From coast to coast, the United States set heat records, the brunt of […]
Energy News Beat Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached 404.6 million barrels during the month of August, new EIA data shows, for an average of 13.05 […]
Energy News Beat Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share came in at $8.14, above the analyst consensus estimate of $7.75 compiled by The Wall Street Journal. Source: Reuters In […]
Energy News Beat World Oil (Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it impossible to harvest crude from new leases in the 23 million-acre site. Source: World Oil The proposal […]
Energy News Beat Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron said it would buy Hess Corporation in an all-stock transaction valued at $53 billion with a total enterprise value, […]
Energy News Beat A major federal grant will help Xcel Energy restart a Minneapolis microgrid project delayed earlier this year over cost concerns. Xcel Energy received a $100 million grant last week from the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships program for resiliency and wildfire mitigation initiatives, including the Resilient Minneapolis […]
