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Artificial Intelligence · GenevaThe electric vehicle, Artificial Intelligence (AI), power infrastructure and automation boom will drive at least 10 million metric tons of additional copper demand by 2035, Swiss multinational commodity trading company Trafigura has predicted. According to Graeme Train, Trafigura’s head of metals analysis, one third of the 10 million tons of new demand will come from the electric vehicle sector, "A third is electricity generation, transmission a…See the Story
Trafigura: EVs, AI And Clean Energy to Massively Boost Copper Demand
100% Center coverage: 1 sources
United States · United StatesSlowing U.S. crude oil production growth and changed global oil flows have stalled projects by pipeline giants and oil majors to have deepwater ports built off the Texas coast to handle the loading of supertankers. Four projects were planned offshore Texas before multiple crises hit the industry in the 2020s and changed trade oil flows. But only one of these projects has received a license from the U.S. Administration—and it’s not certain it wou…See the Story
Texas Deepwater Oil Export Projects Stall
100% Center coverage: 1 sources
Washington · WashingtonBack in 2020, a senior Washington-based lawyer who has long worked closely with the U.S. Treasury Department exclusively told OilPrice.com that: “Just like Pakistan was with Al Qaeda and us, we know the Iraqis are lying about Iran, but we still have to give them cookies when they visit”. Cookies were presumably in abundance as Iraq’s latest prime minister, Mohammed Al Sudani, rocked up to the White House last week, along with the ministers of oi…See the Story
How Iraq Continues To Trick Washington
100% Center coverage: 1 sources
Oil and Gas Sector · United StatesCrude oil inventories in the United States fell this week by 3.23 million barrels for the week ending April 19, according to The American Petroleum Institute (API). Analysts had estimated a 1.8 million barrel build for crude oil. For the week prior, the API reported a 4.09 million barrel build in crude inventories. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 0.8 …See the Story
U.S. Crude Oil And Gasoline Inventories Drop Off
Coverage: 2 sources
Four Big Mistakes in Deregulating the Electricity Industry
100% Center coverage: 1 sources
Solar Power · IndiaRystad Energy’s latest data reveals renewable energy installations in India surged to a record 7.1 gigawatts (GW) in March, more than doubling the previous record of 3.5 GW set in March 2022. The increase in installations helped India reach its highest-ever annual installed capacity of 18.5 GW for the fiscal year ending on 31 March 2024. The growth was primarily driven by solar installations, up 23% on levels from the 2023 financial year, driven…See the Story
India Emerges as a Major Exporter of Solar Panels
100% Center coverage: 1 sources
Houston, Texas · HoustonHouston-based data provider Enverus reported that the United States saw a record-breaking $51 billion worth of oil and gas deals in the first quarter of the year, with much of the activity centered around the Permian Basin in West Texas and New Mexico. As energy companies seek to expand their drilling inventories, the Permian's reputation for high-quality drilling prospects and relatively low break-even costs of around $64 per barrel continues t…See the Story
Permian Basin Dominates US Energy M&A Activity in Q1
100% Center coverage: 1 sources
United States · United StatesThe impending $60 billion aid package for Ukrainian in the United States is not coming a moment too soon. The situation on the front has been so dire for Ukrainian forces in recent weeks that CIA Director William Burns warned that Kyiv could lose the war against Russia by the end of the year if substantial aid was not forthcoming. Over the past few months, as politicians in the U.S. Congress have wrangled over the aid allocation, Russian forces …See the Story
Ukraine Looks to Turn the Tide Against Russia with Fresh U.S. Aid
100% Center coverage: 1 sources