The United States has discussed with Russia the possibility of restoring natural gas flows to Europe via pipelines running through Ukraine, the Wall Street Journal has reported, citing unnamed sources involved in the talks. The idea came from President Trump’s envoys Jared Kushner and Steve Witkoff and was floated during trips to Moscow and Kyiv in September, the report said. The proposal would…
Crude oil prices started the week with a dip on renewed optimism about a possible peace deal between the United States and Iran, following reports about mediation talks between Iran and Qatar over the weekend. At the time of writing, Brent crude was trading at $109.82 per barrel, and West Texas Intermediate was changing hands for $100.57 per barrel, despite a statement by Iran’s Foreign Minister…
Samarium sells for as much as 346 times more in North America than in China, and that price is just a preview of what American industry would pay the day Beijing stops exporting. Jet engines, industrial motors, EVs, wind turbines and medical scanners all run on rare earth magnets, and most U.S. manufacturers still buy theirs from China, at Chinese prices. Outside China, dysprosium costs five…
A month ago, a series of news reports said oil flows out of Hormuz had recovered to pre-war levels, pushing oil prices lower. However, the rout did not last. Benchmarks are set for their fourth monthly gain in a row, and no amount of repeating that Gulf states are exporting even more oil than before the war can change that. Because barrels are not the whole story. “What is the price of oil? Eight…
As more governments put increasing pressure on tech companies to develop more sustainable data centres, to ensure they do not place a further burden on the grid, several tech firms are investing in developing new energy capacity and incorporating other innovative ideas into their facility development. This has led Google to suggest that the development of its new U.S. data centre in Minnesota,…
Azerbaijan, long known as a major oil and gas power, has ventured into renewable energy in recent years and is rapidly ramping up its capacity. As host of COP29, Azerbaijan’s government announced an ambitious climate target and encouraged other governments to do the same. Renewable energy contributed 20 per cent of Azerbaijan’s total electricity production in the first nine months of the year, an…