Business
Oil set for weekly gain on signs of improving demand
Oil prices are edging higher, with global benchmark Brent heading for its first weekly gain in three weeks
Tesla gets local council OK for German factory expansion
Tesla got the go-ahead for an expansion of its German factory near Berlin from the local council despite protests against the U.S. electric...
Oil prices rise on moderate US inflation data, strong demand
U.S. crude oil, gasoline and distillate inventories fell, reflecting a rise in both refining activity and fuel demand
Gazprom CEO Miller is not on Putin’s trip to China, Gazprom says
Gazprom CEO Alexei Miller was not on Putin's state visit to China because he was holding talks with the Iranian leadership
Siemens Energy boss says there can be no energy transition without China
Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.
South Korea urges better cooperation on supply chain with China
South Korea's finance minister, Choi Sang-mok, said Seoul and Beijing should seek better cooperation on the supply chain for raw materials
Chinese overcapacity claims are ‘trade protectionism’, ministry says
Growing alarm over Chinese industrial overcapacity flooding the EU with cheap products is opening a new front in the trade war with Beijing
Exxon: proxy advisor Glass Lewis should recuse itself from making recommendations
(Reuters) – U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder...
EV startup Canoo posts larger-than-expected loss in first quarter
Canoo first quarter results show greater loss than expected, two years after 'substantial doubt' that it could continue operating.
Analysis: ‘What doesn’t kill you makes you stronger,’ China trolls US tariffs
Chinese state media shoots back after Biden’s tariffs, with an argument that the US is only hurting its own climate goals and raising...
China’s Nio launches Onvo brand to challenge Tesla’s bestseller
Nio's Onvo SUV launched as a rival to Tesla's Model Y by the Chinese electric vehicle maker.
GM, LG agree $150m relief fund for Chevy Bolt EV owners over faulty batteries
General Motors and South Korea's LG Electronics agreed a $150m fund to provide relief to Chevy Bolt EV owners affected by defective batteries
Ford asks suppliers to cut costs in push to turn EV business profitable: memo
Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...
Oil, gas groups sue to block US rule hiking drilling fees on federal lands
Under the new policy finalized last month, oil and gas companies will pay higher bonds to help ensure old oil and gas wells...
Exxon: proxy advisor Glass Lewis should recuse itself from making recommendations
(Reuters) – U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder...
Clean energy training boom as climate-related jobs expand in US
Community colleges across America give courses in EV repair and wind turbines as green industry hopes to hire homegrown talent.
EV startup Canoo posts larger-than-expected loss in first quarter
Canoo first quarter results show greater loss than expected, two years after 'substantial doubt' that it could continue operating.
‘The whole country is not on fire’: Canadian tourism industry struggles as wildfires rage
Beth Potter, president of the Tourism Industry Association of Canada, says many international visitors see a headline about wildfires in one part of...
Canadian groups, First Nation want public hearing on Pathways Alliance carbon capture plans
The groups say they want the regulator to hold a public hearing on the Pathways Alliance's proposed $16.5-billion carbon capture network in Canada's...
Canadian oil executive Arthur Irving dies at age 93
Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent...
Canadian banks directed over US$100 billion to oil and gas last year: report
Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...
Pembina Pipeline says potential Trans Mountain purchase not a priority
Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase...
Council approves Tesla’s revised plan to expand plant near Berlin
A council in Germany, outside of Berlin, approved a plan by electric carmaker Tesla to expand the grounds of its first plant in...
Tesla gets local council OK for German factory expansion
Tesla got the go-ahead for an expansion of its German factory near Berlin from the local council despite protests against the U.S. electric...
Siemens Energy boss says there can be no energy transition without China
Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.
Chevron prepares for North Sea exit after more than 55 years
Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, as it prepares for the $53bn...
Tesla strike in Sweden heats up as nation’s largest union joins fray
Tesla strike in Sweden boosted as white-collar union adds its support to metal workers who have downed tools at Elon Musk's company.
GM, LG agree $150m relief fund for Chevy Bolt EV owners over faulty batteries
General Motors and South Korea's LG Electronics agreed a $150m fund to provide relief to Chevy Bolt EV owners affected by defective batteries
Nio aims to launch one new car model per year under Onvo brand
EV maker Nio said it would launch one new model per year under its lower-priced Onvo brand, and price them similarly to gasoline...
Gazprom CEO Miller is in Iran as Putin prepares to visit China
Gazprom CEO Alexei Miller is on a working visit to Iran, the company said on Wednesday, just as President Vladimir Putin prepares to...
China’s Nio launches Onvo brand to challenge Tesla’s bestseller
Nio's Onvo SUV launched as a rival to Tesla's Model Y by the Chinese electric vehicle maker.
Chinese EV maker Aiways to go public in US via merger deal
Aiways merger with Hudson Acquisition Corp should value company at $400m as company plans to target European market.
US to favor existing investors for Venezuela oil licenses: sources
The move appears designed to encourage companies that have projects frozen because of U.S. sanctions, such as Italy's Eni and Spain's Repsol, to...
Brazil’s Eletrobras net income down 19% in Q1
Latin America's largest utility Eletrobras Q1 report shows net profit down as it pursues new strategies.
Paraguay pushes rival bid for $1.5 billion Argentina-Brazil gas connector
Paraguay is advancing talks with Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries
Colombia’s Ecopetrol exploring participation in offshore wind auction
Colombian energy company Ecopetrol is analyzing its potential direct participation in the country's first-ever offshore wind auction
Chinese companies win more bids to explore for Iraq oil and gas
Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday
Chinese companies win licensing bids to explore Iraq oil and gas fields
Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration aimed at...
Geely, Foretellix partner to jump-start self driving car development
Automaker Geely and Israeli startup Foretellix form strategic partnership to accelerate large-scale development of self-driving vehicles
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
Aramco expects to pay $31bn in dividends to the Saudi government and its shareholders despite reporting lower earnings for Q1 on Tuesday
France probes TotalEnergies over 2021 Mozambique attack
Jihadist attack near TotalEnergies' Mozambique LNG project in 2021 now being investigated by French prosecutors after families and survivors say company failed to...
Oil prices rise on moderate US inflation data, strong demand
U.S. crude oil, gasoline and distillate inventories fell, reflecting a rise in both refining activity and fuel demand
Exxon: proxy advisor Glass Lewis should recuse itself from making recommendations
(Reuters) – U.S. oil giant Exxon said on Wednesday proxy advisor Glass Lewis should recuse itself from making recommendations on its upcoming shareholder...
‘The whole country is not on fire’: Canadian tourism industry struggles as wildfires rage
Beth Potter, president of the Tourism Industry Association of Canada, says many international visitors see a headline about wildfires in one part of...
Scotland could see significant economic gains from carbon capture: study
Carbon capture and storage could create thousands of jobs in Scotland and provide an economic boost worth hundreds of millions of pounds –...
Gazprom CEO Miller is in Iran as Putin prepares to visit China
Gazprom CEO Alexei Miller is on a working visit to Iran, the company said on Wednesday, just as President Vladimir Putin prepares to...
Clean energy training boom as climate-related jobs expand in US
Community colleges across America give courses in EV repair and wind turbines as green industry hopes to hire homegrown talent.
China’s Nio launches Onvo brand to challenge Tesla’s bestseller
Nio's Onvo SUV launched as a rival to Tesla's Model Y by the Chinese electric vehicle maker.
Analysis: ‘What doesn’t kill you makes you stronger,’ China trolls US tariffs
Chinese state media shoots back after Biden’s tariffs, with an argument that the US is only hurting its own climate goals and raising...