UAE Rethinks 5-Gigawatt AI Campus After Iran Targets US Assets in Gulf
The United Arab Emirates (UAE) is considering significant changes to its plans to build a massive 5-gigawatt AI data center in Abu Dhabi in partnership with U.S. tech giants, after…
UK Business Calls For Scrapping Taxes on Electricity Bills
The large businesses in the UK have urged the government to remove taxes on electricity bills for business to make Britain more competitive and energy costs more affordable amid escalating…
Court Rules Against Trump Order to Keep Michigan Coal-Fired Plant Operating
The D.C. Circuit Court of Appeals has ruled against the Trump administration’s order to keep the J.H. Campbell coal-fired power plant in Michigan operating. The decision could impact other orders…
China’s 70% EV Target Deals Another Blow to Oil Demand
China aims to have electric and hybrid vehicles account for as much as 70% of all passenger car sales by 2030, in a massive transport shift set to further dent…
Hormuz Shipping Traffic Plunges as Middle East War Escalates
Ship traffic through the Strait of Hormuz slumped to single digits on Thursday, down from a 10-day average of 15 vessels that transited the chokepoint in both directions, Reuters reports,…
China’s Crude Imports Set to Hold at 7.2 Million Bpd in September
China is on track to import roughly the same volumes of crude oil in September as it did in August, extending the trend of recovering shipments just as crude oil…
Energy Aspects: Oil Market Has Reached an “Inflection Point”
Crude oil prices are poised for further increases and the trending trajectory is higher, as global inventory drawdowns have accelerated and China is back to buying significantly higher crude oil…
ARRAY Technologies Inaugurates $50 Million Albuquerque Facility to Expand Domestic Solar Manufacturing
ARRAY Technologies has inaugurated a new manufacturing facility in Albuquerque, New Mexico, representing an investment of more than $50 million to expand its domestic manufacturing capabilities for solar tracking and…
Oil Prices Surge to Four-Month Highs as War Risks Mount
Crude oil prices extended their climb this week, reaching the highest since May as hostilities in the Gulf continue and the prospect of peace gets even more remote. At the…
U.S. Diesel Prices Top $6 a Gallon for First Time Ever
The national average price for diesel fuel in the United States topped $6 per gallon for the first time this Thursday, adding to already considerable pain at the pump ahead…
