In this article VOW3-DE 7201.T-JP RNO-FR TSLA Alex Kraus | Bloomberg Creative Photos | Getty Images A planning application for a major new gigafactory in central England has been submitted, with those behind the project claiming it could generate 6,000 jobs and tens of thousands more across the supply chain. The proposals for the factory
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Patrick Pleul | picture alliance | Getty Images The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency. Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by
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Drilling for the Kawa-1 well on the Corentyne block offshore Guyana is expected to start between August 1-15, Frontera Energy Corp. (TSX: FEC) reported this week. Located in the northeast quadrant of the Corentyne block approximately 124 miles (200 kilometers) from Georgetown, Guyana, Kawa-1 lies in approximately 1,174 feet (355 meters) of water and is
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The results of the 2021 Independence Day EV Count are in! Every year during the 4th of July weekend, Plug In America supporters take a stroll around their neighborhoods to count how many all-electric and plug-in hybrids they can spot. Across the United States, we counted 11,568 vehicles, of which 707 (6.11%) were electric. All-electric
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Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief
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(Bloomberg) — Limetree Bay Refining LLC filed for Chapter 11 bankruptcy in Houston on Monday after the U.S. Environmental Protection Agency closed its Caribbean oil refinery. The St. Croix, U.S. Virgin Islands-based company said in a statement that it plans to use the court protection process to negotiate with creditors and equity holders and weigh
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(Bloomberg) — Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely on gasoline as their summer lifeline. The first of the season’s two big driving holidays, July 4, generated strong demand for the motor
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Utilities could be the underrated beneficiaries of a U.S. infrastructure overhaul, one CEO says. With Washington lawmakers working to make the Biden administration’s $579 billion infrastructure spending framework a reality, the year’s worst-performing sector could be in for a rebound, Reaves Asset Management CEO Jay Rhame told CNBC’s “ETF Edge” this week. Two major tailwinds
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The overall U.S. rotary rig count increased by four to 479 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating drilling units Baker Hughes noted that U.S. oil rigs increased by two, now totaling 378. The U.S. gas rig tally also rose by two to reach 101
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