Focus on Fuel
US electricity and gasoline prices push up energy sector inflation
U.S. electricity and gasoline prices increased sharply in March, leading the energy sector to far outpace broader inflation for the month.
In megaproject-weary Newfoundland, a massive hydrogen operation has some on edge
World Energy GH2's chief executive says he is aware of concerns from local residents about the US$12-billion Project Nujio’qonik, but the company is...
EU lawmakers adopt law to hit oil and gas imports with methane emissions limit
A new EU law will place methane emission limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down...
Chevron CEO’s pay rose 12% to $26.5 million in 2023, workers lag
U.S. oil major Chevron’s CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% boost from the prior year and above the...
United States, Japan announce partnership to accelerate nuclear fusion
At White House summit, Biden and Kishida announced partnership aimed at developing nuclear fusion for carbon-free electricity.
Germany’s Mukran LNG terminal receives operating permit
Regasification facility given green light in bid to reduce European reliance on Russian gas after invasion of Ukraine.
Russia considers easing gasoline eco requirements, sources say
After Ukrainian attacks on oil refineries, Russia is reportedly hoping to ease standards and use lower quality gasoline to stave off fuel shortages.
Short Term Energy Outlook: US power use to reach record highs in 2024 and 2025
U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term...
World Energy GH2’s wind-powered hydrogen project gets final approval in Newfoundland
A controversial wind-powered hydrogen proposed by World Energy GH2 for the west coast of Newfoundland has cleared its last hurdle with the provincial...
