Wednesday, 12 February 2025

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Global clean technologies booming: Markets projected to reach $2 trillion by 2035

This report from the International Energy Agency (IEA) explores the economic potential of manufacturing clean energy technologies, focusing especially on the market for...

FILE PHOTO: Different models of Mercedes-Benz cars are parked at the company's vehicle assembly plant in Chakan, in India's Maharashtra state, June 11, 2015. REUTERS/Danish Siddiqui/File Photo
AutomotiveBusinessClimateEmissionsEnvironmentManufacturingNews

India says Mercedes improved pollution management at plant after failing checks

Mercedes is India's top luxury car seller — and it plans to invest $24 million in India this year.

Russell Hardy, the CEO of Vitol, leaves the stage as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 18, 2024. REUTERS/Callaghan O'Hare/ File Photo
BusinessFuelNewsOil

Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts in 2025 and China's weak oil demand growth.

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
AnalysisClimateEmissionsEmissions MarketsNatural GasOilResiliency

COP29: What are the key issues at the UN climate summit in Baku?

COP29 in Baku aims to set new climate finance goals, address fossil fuel cuts, and define carbon market rules amid global tensions.

A hawk flies over part of Oak Flat that is visible from a viewing area at the Resolution Copper exploratory mine shaft 10 facility and rehabilitated Magma Mine shaft 9 in Superior, Arizona, U.S., March 30, 2021. REUTERS/Caitlin O'Hara/ File Photo
BusinessCritical MineralsMiningNewsPoliticsRegulations

Rio Tinto exec asks Trump Administration to speed up permitting

Rio Tinto urges the Trump administration to expedite mine permits to secure copper for the energy transition, despite local opposition.

FILE PHOTO: Petrol prices are seen on a billboard at a YPF gas station, as Argentina is battling with an annual inflation heading towards 200%, in Buenos Aires, Argentina December 29, 2023. REUTERS/Martin Cossarini/File Photo
BusinessCourtsLiquefied Natural GasNewsOilPoliticsRegulations

US sides with Argentina in dispute over $16 billion YPF judgment

U.S. supports Argentina in court, arguing against YPF stake seizure to satisfy $16.1B judgment, citing sovereign immunity concerns.

FILE PHOTO: Electric vehicle chargers from Electrify America are shown in a shopping center parking lot in Oceanside, California, U.S.,October 19, 2023.  REUTERS/Mike Blake/File Photo
AnalysisBusinessElectric Vehicles (EVs)ManufacturingPoliticsRegulations

Automakers brace for new tariffs, EV changes under Trump presidency

Automakers face Trump's tariffs on Mexican imports, potential EV rollbacks, risking billions in green tech and shifting production plans.

Donald Trump ran on opening up the United States to more petroleum development, but the oil industry does not always embrace additional drilling (GETTY IMAGES NORTH AMERICA)
AnalysisBusinessOilPolitics

‘Drill, baby, drill’: Trump policy poses risks, opportunities for oil industry

Trump's pro-oil agenda could drive US output up, but experts caution that lower prices may clash with industry priorities.

FILE PHOTO: U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. REUTERS/File Photo
BusinessEconomyElectric Vehicles (EVs)News

Chipmaker Wolfspeed projects revenue below estimates on weak auto demand, shares sink

Shares of the company, which counts General Motors and Mercedes-Benz among its customers, fell 15 per cent in extended trading.

FILE PHOTO: A general view shows Marathon Petroleum's oil refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022.  REUTERS/David Ryder/File Photo
BusinessEconomyNewsOil

Marathon Oil beats Q3 profit estimates on higher production

U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil. 

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