Musk and other executives blamed Tesla’s early-year sales shortcomings on transitioning the Model Y to a new design By Stefan Nicola Tesla Inc. posted some of its steepest sales declines this year in European markets, where the Elon Musk-led automaker is mired in a protracted slump. The most pronounced drop reported thus far was in …
Tesla Again Posts Steep Monthly Sales Declines Across Europe Read More »
By Anthony Di Paola, Salma El Wardany, and Omar El Chmouri Sultan Al Jaber Photographer: Hollie Adams/Bloomberg The global energy industry needs annual investment of $4 trillion as the boom in data centers and artificial intelligence increases demand, according to Sultan Al Jaber, head of the biggest crude producer in the United Arab Emirates. Long-term …
Adnoc CEO Says AI Raises Energy Investment Needs to $4 Trillion Read More »
(Reuters) – Venezuela’s oil exports declined 26% to some 808,000 barrels per day in October as the country’s stocks dwindled and it imported smaller volumes of diluents to produce exportable crude grades, according to shipping data and documents from state firm PDVSA. The OPEC country’s exports had reached a five-year high in September after being …
Venezuela’s Oil Exports Fall Over Lower Inventories, Imports Read More »
(Reuters) – The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial firm LSEG. The U.S. exported a record 10.1 mmt of the liquid fuel in October, up from a revised figure of 9.1 mmt in September, …
US Becomes First Country to Export 10 Million Tonnes of LNG in Single Month Read More »
CALGARY, ALBERTA, CANADA, Arolytics Inc., a North American leader in emissions intelligence software, announced today AroIQ, an artificial intelligence (AI) solution leveraging oil and gas operational data, including SCADA, for digital emissions monitoring. With AroIQ, oil and gas companies can efficiently achieve targeted, measurable methane reductions with no new or additional hardware, sensors, or field-visits. …
Arolytics Announces AroIQ: SCADA-Based Methane Management Platform – Learn More Read More »
Alana K. Knowles to retire after 38 years with the company Amit R. Ghai named Controller of Chevron HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) announced today the appointment of Amit R. Ghai as Controller of Chevron, effective March 1, 2026. Ghai will succeed Alana K. Knowles, in anticipation of her expected retirement from Chevron in April 2026, …
OPEC Secretary-General Haitham Al Ghais said on Monday that the group was still seeing positive signs for oil demand and did not expect any surprises in the market. “We are making sure we maintain the supply demand balance”, Ghais added at a panel at ADIPEC energy conference in Abu Dhabi, a day after OPEC+ agreed …
OPEC’s Al Ghais Says Oil demand Outlook Remains Positive, No Market Surprises Expected Read More »
Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing the decision by OPEC+ to pause quota hikes in the first quarter of next year and recent U.S. and EU sanctions on Russian oil assets. The bank expects a “substantial surplus” in the …
Morgan Stanley Lifts H1 2026 Brent Forecast to $60 on OPEC+ Pause, Russia Sanctions Read More »
Oil supply growth outside OPEC+ could decline by April, while demand remains robust, BP’s Chief Executive Murray Auchincloss said on Monday. “There is a supply increase that’s come outside of OPEC+,” Auchincloss said. “We think that finishes in about February, March, April, and then it’s likely that we see flat to declining production after that …
BP CEO Expects Non-OPEC+ Oil Supply Growth Could Decline by April Read More »
The U.S. Department of Energy’s deputy secretary, James Danly, said on Monday that he does not think there will be an oil glut in 2026. “We have a demand signal for energy that is going up rapidly”, Danly said at the ADIPEC energy conference in Abu Dhabi.(Reporting by Yousef Saba and Jana Choukeir, Writing by …
US Deputy Energy Secretary: I Don’t Think There Will be An Oil Glut in 2026 Read More »
