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The price of batteries could surge, with some component prices doubling, if the U.S. imposes an additional hefty tariff on U.S. imports of graphite from China that the American battery material makers seek, industry analysts say. Energy storage and EV batteries could see costs in the U.S. more than double …

Oil prices rose more than 1% on Tuesday, reversing the prior session’s losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays. Brent crude futures settled at $73.58, rising 95 cents, or 1.3%. U.S. West Texas …

Liquefied natural gas (LNG) immediately became the world’s key emergency energy supply when Russia invaded Ukraine on 24 February 2022. Unlike oil or gas transported through pipelines, LNG does not require vast expense and years of building a complex infrastructure before it is ready to transport. On the contrary, it …

Green hydrogen will struggle to compete at price level with gray hydrogen made from natural gas at least until 2050—much longer than previously anticipated, according to new estimates by research firm BloombergNEF. BNEF’s new report on hydrogen prices finds that green hydrogen, the one produced via electrolysis using renewable energy, …

European countries need to work out ways to lower taxes on electricity to revive the competiveness of Europe’s energy-intensive industries, Leonhard Birnbaum, president of electricity lobby Eurelectric, told Reuters in an interview published on Monday. Power prices in the EU are up to three times higher than in the United …

President-elect Donald Trump has threatened to take over control of the Panama Canal unless the Panamanian authorities stop charging excessive rate for the use of the chokepoint. “Has anyone ever heard of the Panama Canal?” Trump said at a conservative event in Arizona, as quoted by Reuters. “Because we’re being …

Producers in the Permian basin, America’s top oil producing region, have made a lot of progress in reducing methane emissions, a recent report suggests, but the incoming Trump Administration could undo some of that progress, environmentalists warn. The Biden Administration has enacted rules on reducing emissions from oil and gas …

Iraq has suspended crude oil deliveries to Syria, a member of the Iraqi parliament said on social media as quoted by BNE Intellinews. The statement coincided with one by Iraq’s foreign minister, who expressed concern about the security situation in the country that was taken over Islamist groups. “Iraq has …

Twenty percent or 12.7 billion cubic meters (448.5 billion cubic feet) of natural gas imported into the European Union in the third quarter came from Russia, up two percentage points from the previous quarter and five percentage points against the third quarter of 2023, the European Commission has reported. The …

A EUR 4.06 billion ($4.24 billion) direct grant by the German government for four gas storage and regasification units (FSRUs) has received state aid rules clearance from the European Commission. Germany chartered the FSRUs December 2022 and created Deutsche Energy Terminal GmbH (DET) to manage the liquefied natural gas (LNG) …