Oil prices rose to over one-month highs on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest oil user, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery had risen by 66 …

Under growing pressure from investors to address climate change, Exxon Mobil on Monday proposed a $100 billion project to capture the carbon emissions of big industrial plants in the Houston area and bury them deep beneath the Gulf of Mexico. Exxon, the largest U.S. oil company, wants to create a …

Ministers of countries participating in the OPEC+ oil production limiting agreement are discussing a shorter format of talks in late April. They can abandon the ministerial meeting and leave the meeting of the Joint Ministerial Monitoring Committee (JMMC), a source in OPEC told TASS on Monday. “Such an idea is …

Turkey’s total offshore wind power potential stands at 75 gigawatts (GW), Offshore Wind Energy Association (DÜRED) Chairperson Murat Durak said Monday, noting that they have reached a certain stage in works at some ports in the Marmara and Aegean regions and that they can now carry out offshore wind power …

Scientists from Tomsk Polytechnic University (TPU) jointly with colleagues from the Industrial University of Tyumen (IUT) have proposed a system that will reduce energy costs for heating industrial plants at least five-fold. The study’s findings were published in the academic journal Thermal Science and Engineering Progress. Technological development or the …

Head of Germany’ European People’s Party (EPP) Manfred Weber has urged to put to a halt the construction of Russia’s Nord Stream 2 gas pipeline if situation near the borders of Ukraine further aggravates. Thus, the European Union should send an “unequivocal message” to Moscow, the legislator told Redaktionsnetzwerk Deutschland …

Google Cloud and Siemens have announced a new partnership that will see AI and machine learning brought to factory floors. Siemens is planning on integrating Google Cloud’s data cloud and artificial intelligence (AI) machine learning (ML) technologies with its factory automation tools. With this partnership, the companies hope manufacturers will …

Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by 0426 …

China has flagged it will seek to raise its power generation from solar and wind plants to around 11% of the country’s total power consumption in 2021, from 9.7% in 2020, said the National Energy Administration (NEA) in a draft rule on Monday. Chinese President Xi Jinping has announced that …

Iraq’s Bay Hassan oil field in the northern Kirkuk region was unaffected by an attack, the oil ministry said April 17, as OPEC’s second largest producer continues to grapple with security incidents against its energy infrastructure. Two oil wells in Bay Hassan field were struck by two explosives without causing …