Huge upticks in renewable energy capacity installations around the world are causing demand for key rare earth elements to skyrocket. While these materials aren’t as geologically rare as their name might suggest, their production is limited as a finite number of already developed supply chains struggle to keep up with …
Read More »Soaring Solar Power is Creating Challenges for the U.S. Energy Grid
No other energy source has seen more rapid growth in the United States over the past half a decade than solar power. But soaring solar installations have begun to distort the power distribution and transmission systems in the top solar-producing states such as California, creating challenges for utilities and the …
Read More »EU Adopts Rules on Methane Emission Limits for Fossil Fuel Imports
The European Union approved on Monday a set of rules and regulations that will impose methane emissions limits and monitoring of the EU’s energy sector and oil, gas, and coal imports beginning in 2030. The new regulation on tracking and reducing methane emissions is part of the EU’s ‘Fit for …
Read More »Gold Remains a Haven in Times of Uncertainty
“Gold is money. Everything else is credit,” John Pierpont Morgan famously testified while giving evidence to a congressional subcommittee. Investors and market watchers have long regarded precious metals as the ultimate safe haven, a place to fall back on when the world seems to be going to hell in a …
Read More »Saudi Arabia Planning to Conduct $10bn Share Sale of Aramco next Month
Saudi Arabia is preparing for a multi-billion-dollar share sale for its oil and gas company Aramco, potentially as early as June, reported Reuters, citing sources. The sources added that the divesture could fetch approximately $10bn (SR37.5bn) for the Saudi government. The sale’s specifics are still being worked out, and people …
Read More »Oil Prices Edge Higher with Inflation, OPEC Cues on Tap
Oil prices rose slightly in Asian trade on Monday, recovering mildly from steep losses last week as traders awaited more cues on U.S. inflation and a meeting of the Organization of Petroleum Exporting Countries this week. Still, trading volumes were expected to be limited with market holidays in the U.S. …
Read More »UAE’s ADNOC to Reach 5 MMbpd Oil Capacity Goal Early despite OPEC Production Quotas
The United Arab Emirates is on course to achieve its full oil capacity target more than a year earlier than expected. Abu Dhabi National Oil Co.(ADNOC) is likely to reach its 5 MMbpd goal by the end of next year or early 2026, ahead of the 2027 goal the company …
Read More »Iran to Boost Oil Output by 400,000 bpd
Iran’s Economic High Council, in its lates meeting, has ratified a plan to increase the country’s oil production by 400,000 barrels per day (bpd). The second meeting of the council in the current Iranian calendar year, 1403, ending March 19 2025, was held on Saturday while the interim president Mohammad …
Read More »The U.S. is Determined to Revolutionize its Microchip Industry
The U.S. is fighting to become one of the biggest microchip producers in the world in pursuit of taking a leading role in the global green transition. While China continues to dominate the microchip space, several policies spurring green development, technological innovation, and manufacturing are pushing the U.S. ever closer …
Read More »Could Thailand become the next Electric Vehicle Powerhouse?
Several countries are rapidly developing their burgeoning electric vehicle (EV) industries to meet the growing demand for EVs and compete with China when it comes to manufacturing. Asia has come out on top in recent years for producing the cheapest EVs and batteries, even though some of the highest EV …
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