GM, LG to Make New, Lower-Cost Cells for Future EVs

By DETROIT, May 13 (Reuters) – General Motors (GM.N) and battery partner LG Energy Solution (373220.KS) are planning to start commercial production of lower-cost cells for future electric vehicles at…

U.S. and Saudi Arabia Sign Major Energy Deals During Trump’s Visit

The United States and Saudi Arabia signed an economic partnership agreement and a number of energy deals between Saudi oil giant Aramco and American companies during the visit of U.S.…

Kayne Anderson Raises $2.25 Billion for Third Energy Income Fund

The fund, Kayne Private Energy Income Fund III, will invest in high-quality private companies focused on producing oil and natural gas from wells that generate stable cash flows, according to…

Goldman Sachs Sees Upside Risk to Brent, WTI Oil Price Forecasts

The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of 2025, and $56/bbl…

Offshore Oil Exploration Booms in Namibia with Key Decisions Looming

Namibia expects France’s TotalEnergies and Norway’s BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.    TotalEnergies is…

Saudi Crude Flows to China to Remain at 1-Year High in June

Saudi Arabia’s crude oil flows to China are expected to stay at a one-year high of about 48 million barrels in June—roughly the same volume arriving in China from the…

Trade Truce Won’t Resurrect China’s Imports of US Energy: Russell

The truce between the world’s two largest economies will see the United States lower its tariffs on imports from China to 30%, while Beijing cuts its levies on U.S. goods…

Petrobras Announces Substantial Dividend Payment After Strong Quarter

Brazil’s state oil firm Petrobras will pay $2.1 billion in dividends for the first quarter after posting a jump in net income due to one-off items.  Petrobras reported a net…

$5 Billion Texas Energy Program Stalls

Supply chain constraints and higher cost have forced energy companies to withdraw eight projects to build gas-fired power plants in Texas under a $5-billion state loan program, the Financial Times…

Venture Global Doubles Q1 Revenue as LNG Export Projects Ramp Up

U.S. LNG exporter Venture Global more than doubled its first-quarter revenue from a year earlier as its Plaquemines and Calcasieu Pass plants have launched operations and exports in recent months. …