Tesla Signs $4.3 Billion Battery Deal with LGES, Source Says, Reducing China Reliance

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Summary LGES to provide Tesla with LFP batteries for energy storage systems from US factory -source Tesla has been looking to reduce reliance on Chinese suppliers amid tariff, policy headwinds LGES says supply contract to last from August 2027 to July 2030 (Reuters) – South Korea’s LG Energy Solution (LGES)  has signed a $4.3 billion deal …

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Oil Pauses Rally as Markets Weigh Trump’s Ultimatum to Russia

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Trump cuts deadline, vows sanctions if Russia makes no progress Supply risks rise over U.S. warning to China over Russian oil China unlikely to comply with U.S. sanctions, analysts say (Reuters) – Oil prices took a breather in Asian trade on Wednesday after the previous session’s spike of more than 3%, as investors awaited …

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Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades

CDN and International News, Conventional Energy, Latest, Oil / By

By Ana Isabel Martinez MEXICO CITY, July 29 (Reuters) – Mexican state company Pemex exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, official data showed, as processing at local refineries and fuel production increased significantly. It exported 458,103 barrels per day (bpd) in June, compared to 753,539 bpd in …

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Oil Prices Rally on US Pressure on Russia, Trade Deal Optimism

Conventional Energy, Latest, Oil, US News / By

By Nicole Jao Brent, WTI hit highest since June 20 US to start impose tariffs and other measures on Russia ten days from today, Trump says China could face high tariffs if Beijing continued its Russian oil purchases US crude stockpiles rose by 1.54 million barrels last week – API NEW YORK, July 29 (Reuters) …

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Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, US News / By

By Tanay Dhumal Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm Baker Hughes (BKR.O) said on Tuesday it would buy Chart Industries (GTLS.N) in a $13.6 billion all-cash deal, including debt, outbidding rival Flowserve …

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