Europe turns to coal as Russia squeezes gas supplies

Europe turns to coal as Russia squeezes gas supplies

German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one … Read more

Tough new sanctions on Russian oil could change the OPEC + dynamic

Tough new sanctions on Russian oil could change the OPEC + dynamic

OPEC + is expected to stick to its current production agreement for now, but behind the scenes the oil-producing nations could be planning for the day when Russia’s contribution to world oil supply could be far reduced. The European Union’s move to ban most Russian oil and put new sanctions on shipping insurance could seriously … Read more

Shell safety consultant quits over climate change with viral message

Shell safety consultant quits over climate change with viral message

Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907. Rick Wilking | Reuters At 8:27 am on Monday morning, May 23, Caroline Dennett emailed 1,400 executives at the oil and gas conglomerate, Shell, to announce her resignation after 11 years working as a safety consultant. … Read more

Electric vehicles are in short supply. Here’s what you can find as gas prices soar

Electric vehicles are in short supply.  Here’s what you can find as gas prices soar

Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, DC, on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric … Read more

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Tesla’s Model 3 at the Tesla store in Washington, DC Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for … Read more

China quietly increases purchases of low-priced Russian oil

China quietly increases purchases of low-priced Russian oil

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February. The move by the world’s largest oil importer comes a month … Read more

Fuel is a problem for business and consumers – Why prices are so high

Fuel is a problem for business and consumers – Why prices are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $ 4, or $ … Read more

People should cut energy use to stop Ukraine war

People should cut energy use to stop Ukraine war

Virgin Group founder Richard Branson on Wednesday called on individuals and governments to cap their driving speeds and turn down their heating in a bid to reduce reliance on Russian energy and bring about an end to the war in Ukraine. The billionaire entrepreneur told CNBC that small personal sacrifices could reduce demand for Russian … Read more