IEA: EV Growth Could Displace Up to 12 MMbbl/d by 2035
The Paris-based IEA says up to 12 MMbbl/d of oil demand could be displaced by 2035 due to the rapid uptick in electric vehicle usage globally—especially in the U.S., EU and China.
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Two Ring Management Leaders Exit, Replacement Search Underway
Ring Energy is updating its management team following the departure of two senior executives.
COMMENTARY: A “Massive Cushion” of Madness – Irina Slav
By Irina Slav More From Irina Slav The Cambridge Dictionary defines madness as “stupid or dangerous behaviour”. It also lists a few dozen synonyms, featuring words such as “chaos”, “bedlam”, and “confusion”. All of these can and should be used to describe several recent updates from Camp Transition. In one of these, I’d go as far …
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Hirs: What Regulators Get Wrong—Energy Networks Are Tough To Control
Energy professionals depend upon interconnected markets and often profit from arbitrage opportunities long before market participants and regulators can effectively address them.
U.S. Natgas Prices Ease to 2-Week low on Output Rise, Lower Demand Forecast
U.S. natural gas futures eased about 1% to a two-week low on Monday as output slowly rises and on forecasts for less hot weather and lower cooling demand next week than previously expected. That price decline came despite forecasts for more hot weather and cooling demand this week than previously expected. Front-month gas futures for …
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Heirloom Makes Plans for Two DAC Facilities in Louisiana
Heirloom Carbon Technologies expects the facilities, located at the Port of Caddo-Bossier in northwest Louisiana, to remove about 17,000 tons of CO2 from the atmosphere starting in 2026.
Gaps in EU’s Preparation for Potential Gas Crises, Auditors Say
Despite the EU’s overall reliance on Russia dropping significantly, auditors say the EU is insufficiently prepared to weather a future gas crisis.
Oil Edges Higher as Demand Expectations Offset Dollar Strength
(Reuters) – Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar. Brent crude futures were up 22 cents, or 0.3%, at $85.46 a barrel by 1053 GMT. U.S. West Texas Intermediate crude futures were up 19 cents, or 0.2%, at $80.92. Both benchmarks …
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Ring Energy Announces Management Team Changes
(GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced management team changes, including the pending departure of two senior executives. Mr. Stephen D. Brooks, Ring’s Executive Vice President of Land, Legal, Human Resources and Marketing, has elected to retire from his position effective July 1, 2024. The Company has …
Lithium Battery Factory Fire in South Korea Kills 22, Mostly Chinese Migrant Workers
The fire began after batteries exploded while workers were examining and packaging them Firefighters work to extinguish a fire at a lithium battery factory in Hwaseong on June 24, 2024. PHOTO BY YONHAP / AFP SEOUL, South Korea — A fire likely sparked by exploding lithium batteries swept through a manufacturing factory near South Korea‘s capital on Monday, killing …
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