Tuesday, February 4

Tag: Oil and Gas

The Next Chips to Transform EVs Could Be Made From Wood
10Dec By adminNo Comments
World

The Next Chips to Transform EVs Could Be Made From Wood

Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world.At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood chips into machines that turn out a form of synthetic graphite. He says the engineered material is as pure as synthetic graphite made from fossil fuels, which is mostly produced in China and can account for as much as half of the weight of a lithium-ion battery.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Next Chips to Transform EVs Could Be Made From Wood
9Dec By adminNo Comments
Money

The Next Chips to Transform EVs Could Be Made From Wood

Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle batteries. To do so, he has been collecting wood chips from sawmills around the world.At a test plant in New Zealand’s picturesque Marlborough wine region, Williams and his team feed the wood chips into machines that turn out a form of synthetic graphite. He says the engineered material is as pure as synthetic graphite made from fossil fuels, which is mostly produced in China and can account for as much as half of the weight of a lithium-ion battery.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Future of Fossil Fuels at Stake in Homestretch of Climate Talks
9Dec By adminNo Comments
World

Future of Fossil Fuels at Stake in Homestretch of Climate Talks

DUBAI—Fossil-fuel producers are fighting an existential battle here in the final stretch of the United Nations climate conference against countries that want to end the burning of coal, oil and natural gas.Europe and a handful of nations on the front lines of climate change are demanding that a final agreement at the conference, known as COP28, include a phase out of fossil fuels. One option in a draft of the agreement circulating on Friday evening calls for “a phase out of fossil fuels in line with best available science.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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FTC Probes Chevron’s $53 Billion Deal for Hess
8Dec By adminNo Comments
World

FTC Probes Chevron’s $53 Billion Deal for Hess

The Federal Trade Commission is investigating Chevron’s $53 billion proposed deal to buy Hess, the second-biggest oil megamerger this year.  Chevron and Hess said Friday the antitrust enforcer is seeking additional information about the merger, a move signaling the commission is reviewing whether the deal could be anticompetitive under U.S. law. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Energy & Utilities Roundup: Market Talk
8Dec By adminNo Comments
World

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0121 GMT – Oil rises in the morning Asian session. There seems to be technical-related buying after oil’s recent sell-off sent it into oversold territory, ANZ Research analysts say in a research note. OPEC’s recent announcement of deeper production cuts should also support physical balances but market participants will likely need to be convinced before any of these reductions are priced in, the analysts add. Front-month WTI crude oil futures and Brent crude oil futures are each 0.4% higher at $69.63/bbl and $74.36/bbl, respectively. (ronnie.harui@wsj.com)Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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Joe Biden’s Assist to Hunter’s Business
7Dec By adminNo Comments
Health

Joe Biden’s Assist to Hunter’s Business

House investigators keep digging into the Biden family business, and this week comes new evidence of the ways Joe Biden helped his son using alias email accounts.Internal Revenue Service agents Gary Shapley and Joseph Ziegler provided to the House Ways and Means Committee more information from their multiyear investigation into Hunter Biden’s taxes and business. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Woodside Energy, Santos in Merger Talks to Create Global Energy Giant
7Dec By adminNo Comments
World

Woodside Energy, Santos in Merger Talks to Create Global Energy Giant

SYDNEY—Woodside Energy and Santos said they are discussing a merger that could result in a new global giant worth around $52 billion, illustrating how rising demand for natural gas in the wake of the Ukraine war is reshaping the energy sector.Woodside and Santos said talks are at an early stage and there is no agreement over a deal that would rank as one of the largest in the energy sector this year. Santos said it was weighing the merger alongside other options to boost value for shareholders after its stock declined around 5% over the past 12 months.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Europe’s Gas Prices Could Fall Further Next Year on Subdued Demand, Ample Inventories
7Dec By adminNo Comments
Money

Europe’s Gas Prices Could Fall Further Next Year on Subdued Demand, Ample Inventories

European natural-gas prices are expected to decline further next year amid lackluster demand and above-average inventories despite a cold start to the winter across the continent, according to some analysts.A wave of chilling temperatures has swept parts of Europe in recent days but did little to lift prices, with storage sites at comfortable levels after unusually mild weather over the fall delayed the start of the heating season and preserved stockpiles.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.S. Crude Oil Inventories Fall by 4.6 Million Barrels in Week
6Dec By adminNo Comments
Money

U.S. Crude Oil Inventories Fall by 4.6 Million Barrels in Week

U.S. crude oil inventories fell more than expected last week as U.S. refiners continued to raise their capacity use following the fall maintenance season, according to data released Wednesday by the U.S. Energy Information Administration.Commercial crude-oil stockpiles excluding the Strategic Petroleum Reserve fell by 4.6 million barrels in the week ended Dec. 1, to 445 million barrels, and were about 1% below their five-year average for the time of year, the EIA said. It was the first draw on stocks in seven weeks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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