MIT engineers have created a supercapacitor from just cement, water, and carbon black. The supercapacitor is made of ancient, abundant materials, that can store large amounts of energy. The device could form the basis for inexpensive systems that store intermittently renewable energy, such as solar or wind energy. According to …

The world’s oceans set a new temperature record this week, raising concerns about knock-on effects on the planet’s climate, marine life and coastal communities. The temperature of the oceans’ surface rose to 20.96 degrees Celsius on 30 July, according to European Union climate observatory data. The previous record was 20.95C …

Japan’s crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023, or 37.4 percent of total imports, the Natural Resources and Energy Agency of Japan’s Ministry of Economy, Trade and Industry said. During June, Japan’s total crude oil imports were 68.5 million barrels, of …

Abu Dhabi National Oil Company (ADNOC) will buy 30% in the Absheron gas field in the Caspian Sea in Azerbaijan by acquiring stakes from the current partners in the field, TotalEnergies and SOCAR. The French supermajor and State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an agreement …

BP and Eni, as well as Algeria’s Sonatrach have returned to Libya after a force majeure forced them out of the North African country. In a statement, Libya’s National Oil Corporation said that BP and Eni had notified it about lifting the force majeure and returning to fulfill their contractual …

French supermajor TotalEnergies was forced to shut down a unit at its 225,000-barrels-per-day refinery at Port Arthur in Texas due to a leaky pump, adding to other refinery outages that have pushed U.S. gasoline prices higher in recent days alongside the rise in crude oil prices. Total’s U.S. unit of …

Petroleum products accounted for the largest share, 57%, of the amount U.S. consumers spent on energy in 2021, as overall energy spending jumped by inflation-adjusted 25% from 2020, due to higher consumption and prices, the Energy Information Administration (EIA) said this week. In 2021, the amount U.S. consumers spent on …

A third survey has come in showing that OPEC’s production dipped even more than earlier estimates, according to Argus, which showed that production fell in July by more than 1 million bpd as Russia and Saudi Arabia stepped up their efforts to curtail production. Argus’ survey is just one of …

Russia is expecting extra oil and gas revenues to reach 1 trillion rubles, or $11 billion, in the last five months of the year despite sanctions, embargos, and price caps, two people with knowledge of the situation told Bloomberg. The Finance Ministry hopes to put the fat revenues toward covering …

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the UN Food and Agriculture Organization said Friday. …