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Energy
OPEC calls for more fossil fuel investment, dismisses peak oil demand
The head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to prevent an energy shortage, dismissing predictions that oil demand will peak soon.OPEC Secretary General Haitham Al Ghais said oil demand…
WTI, Brent best week in more than two months
Crude oil futures rose for a fifth day Friday, on pace for the best week in more than two months as analysts see a tighter market heading into the third quarter.Oil prices are up more than 4.5% for the week, the strongest gains since…
West Texas Intermediate falls as stockpiles grow
Aerial view of Olmeca oil refinery belonging to the Petroleos Mexicanos (PEMEX) company, located in Paraiso, Tabasco state, Mexico, May 20, 2024.Yuri Cortez | Afp | Getty ImagesCrude oil futures fell Thursday after rising U.S. stockpiles…
Big Oil given stark warning as a major supply surplus expected by 2030
Aerial view taken on May 20, 2024 shows the Olmeca oil refinery belonging to the company Petroleos Mexicanos (PEMEX), which along with six others is part of the National Refining System (SNR) located in Paraiso, Tabasco state, Mexico. …
Norway discovers Europe’s largest deposit of rare earth metals
Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. factory in Baotou, Inner Mongolia, China.Nelson Ching | Bloomberg | Getty ImagesMining firm Rare Earths Norway says it has discovered Europe's largest…
Honda may be America’s most committed EV automaker, for the moment
The All-New, All-Electric Honda Prologue is on display at the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. While missing a host of brands, this year's edition of the…
Saudi oil giant Aramco’s shares rise after stock sale set to raise $11.2
Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | ReutersShares of Saudi Arabia's Aramco rose on Sunday following a stock sale that's set to raise the…
IRS employee charged in Exxon Mobil tax credit theft bid
Chip Somodevilla | Getty Images News | Getty ImagesA former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he…
WTI, Brent rise for second day
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. Bing Guan | ReutersCrude oil futures rose about 2% on Thursday in a second consecutive day of gains, as the…
WTI, Brent rebound after selloff
Yasir Al-Rumayyan, chairman of Saudi Arabian Oil Co. (Aramco), speaks during a news conference in Dammam, Saudi Arabia, on Sunday, Nov. 3, 2019. Mohammed Al-Nemer | Bloomberg | Getty ImagesCrude oil futures rose more than 1% on…