Funds will support the development of hydrokinetic turbines, which will supply energy to remote communities and utility-scale applications.
Read More »US to Provide $32m for Fusion Energy Technology Projects
The grant aims to develop commercially-viable, low-cost fusion energy concepts as potential energy sources.
Read More »Iran Can Take Back Paid Membership Fee to IMF
After the United States opposed the IMF loan grant to Iran, a member of the Iranian Parliament's Plan and Budget Commission said that Tehran can take back its membership fee paid to the Fund over the past years.
Read More »UN Chief Reacts to Trump’s Decision to Halt WHO Funds
UN Secretary-General Antonio Guterres said on Tuesday that it was not the time to reduce the WHO's resources to fight COVID-19.
Read More »ExxonMobil Field Testing Methane Detection Technologies
ExxonMobil is conducting field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, at nearly 1000 sites in Texas and New Mexico, US, to further reduce methane emissions. The field tests are evaluating effectiveness and scalability of a range of next-generation detection technologies that in addition …
Read More »U.S. Stocks Mostly Fall as Oil Prices Gyrate on OPEC Deal
Wall Street stocks mostly fell on Monday, April 13, ahead of major earnings reports, while the oil market gave a muted response to an historic deal by major producers to cut output. Two of the 3 major United States stock indices ended solidly lower ahead of Tuesday, April 14, when …
Read More »Saudi Arabia Cuts Oil Prices to Asia, Raises US
Saudi Arabia has announced its official crude pricing (OSP) for May, selling oil more cheaply to Asia while keeping prices flat for Europe and raising them for the U.S., after OPEC and its allies agreed the biggest output cut deal in history. Saudi Arabia’s state oil giant Saudi Aramco has …
Read More »Trump Hails OPEC+ Agreement to Cut Oil Production for Saving U.S. Energy Jobs
U.S. President Donald Trump on Sunday welcomed a deal to cut oil production reached by the Organization of the Petroleum Exporting Countries (OPEC) and some other major oil producing countries, known as OPEC+, as it will save hundreds of thousands of U.S. energy jobs. “The big Oil Deal with OPEC …
Read More »US Increase Pressure on Saudis as Negotiators Wrestle over Historic Oil Deal
The US stepped up pressure on Saudi Arabia to seal a historic deal to cut oil production as negotiations that President Donald Trump himself has brokered dragged on for a third day. Talks aimed at ending a price war that’s savaging the US oil industry and threatening petrostates’ budgets continued …
Read More »US Senators Urges Saudi Officers to Take Concrete Action to Cut Oil Output
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output. Saudi Arabia and Russia were close to finalizing a deal …
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