Energy News

South Belridge Oil Field is the fourth-largest oil field in California and one of the most productive in the U.S. David McNew | Getty Images Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer. In
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A charging station for electric cars on Kurfürstendamm, Berlin. Jens Kalaene | picture alliance | Getty Images The chief executive of Volvo Cars described plug-in hybrids as a “very popular concept” on Tuesday, but emphasized the need for government support when it comes to charging infrastructure. Plug-in hybrid electric vehicles, or PHEVs, are cars which
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A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to
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CNBC’s Jim Cramer on Thursday praised Tesla CEO Elon Musk for building a company that promises to be much more than just electric vehicles. “This man is selling technology, and he’s talking about fully assisted and then he’s talking about driverless. He’s thinking so much bigger,” Cramer said on “Squawk on the Street.” ”He’s a big thinker.
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This image, from February 2019, shows one of Alstom’s hydrogen fuel cell train leaving Rottenbach station in Germany. Michael Reichel | picture alliance | Getty Images Transport manufacturer Alstom and energy infrastructure firm Snam are to collaborate on the development of hydrogen trains in Italy, the latest example of work being undertaken to integrate the
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The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies. The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, on Thursday and used a 750-horsepower all-electric motor developed by a Redmond-headquartered company called magniX. Work
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