Keywords: Energy
The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion.......
National Commission on Markets and Competition has closed its investigations into BP, Moeve, and Repsol after determining that the firms did not violate competition rules. The probe was launched following complaints from industry associations, which alleged that the companies had engaged in anti-competitive......
The White House said the United States is prepared to provide financial support to the United Arab Emirates if the ongoing war with Iran worsens the country’s economic outlook. National Economic Council director Kevin Hassett stated that such assistance remains a contingency measure and is not......
The United Arab Emirates has warned it may begin settling oil and gas transactions in Chinese yuan if the United States does not provide a dollar liquidity backstop. The message was delivered during high-level meetings in Washington between the UAE central bank governor Khaled Mohamed Balama, US Treasury......
Tesla Inc. is expected to rely increasingly on its energy storage business to support overall performance as its core automotive division faces pressure from shrinking profit margins and declining regulatory credits. The company’s energy segment, which includes large-scale battery systems and......
Global economic risks are intensifying as energy prices climb and geopolitical tensions persist between the United States and Iran. Seven weeks into the conflict, policymakers and economists warn of mounting stagflation pressures, driven by rising costs, slowing growth, and constrained monetary policy.......
India has broadened its list of approved Russian marine insurers, allowing more companies to provide coverage for vessels calling at its ports. The move reflects New Delhi’s effort to maintain stable maritime operations while adapting to evolving geopolitical and energy market conditions. According......
Algeria has officially launched a new international bidding round for oil and gas exploration and production licenses, seeking to attract foreign investors at a time of heightened volatility in global energy markets. The initiative, titled “Algeria Bid 2026,” marks the second such call since......
Gas prices in the United States could remain above $3 per gallon well into next year, according to Energy Secretary Chris Wright, who pointed to ongoing geopolitical tensions and market uncertainty as key factors influencing fuel costs. Speaking in a televised interview, Wright said that while prices......
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