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8,277 results 02/24/2020 20:00
Global equities fell sharply on Monday as fears over the spread of the coronavirus spiked once again, with new cases spreading beyond the borders of China. The Dow Jones plunged by more than 900 points and oil prices slumped nearly 5 percent. Several countries reported new cases of the virus, including Iran, Italy and South Korea. Roughly 29 countries have reported cases, although mostly in small numbers as of now. But the World Health Organization warned that the “window of opportunity” to head off the spread of the virus could be… 02/24/2020 18:00
Energy stocks had a rough start of the week on Monday, as the newfound panic sets in about just how far the coronavirus will reach and how devastating the effects of the virus will be on the global economy. So far, the coronavirus has claimed the lives of nearly 2,600, with 77,262 infected. On Monday, the coronavirus reared its ugly head in Kuwait, Bahrain, Afghanistan, Iraq, and Oman, bringing the total number of Middle Eastern countries that have incidence of the infection to nine. Iran already has reported nine deaths due to the coronavirus.… 02/24/2020 17:00
Hydropower is the largest single source of renewable electricity in the world, dwarfing solar and wind. As such, it has established a positive reputation in the media and many academic papers. But that’s not the whole story ... Hydropower has a darker side that is threatening freshwater ecosystems more than oil, more than gas, and more than any other form of energy. As of 2019, the world’s total renewable energy capacity stood at 2,351 GW, of which around half—or 1,172 GW—was hydropower capacity. This includes both… 02/24/2020 16:00
A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed to achieve affordable water splitting to produce hydrogen, a clean alternative to fossil fuel. In a paper published in the journal ACS Applied Materials & Interfaces, the researchers explain that photoelectrochemical water splitting, the process by which light energy is used to split water molecules into hydrogen and oxygen is a promising approach… 02/24/2020 14:30
Tesla’s soaring stock this year was the key driver of the returns of several hedge funds based in Asia which had either bought Tesla shares at the dip last year or held the EV maker’s stock for years. According to executives at the hedge funds and a person with knowledge of the returns who spoke to Bloomberg, Hong Kong-based funds Optimus Prime Asset Management and CloudAlpha Capital Management, as well as Singapore’s Golden Horse Fund Management Pte, saw their bets on buying and/or owning Tesla shares pay off in January, when… 02/24/2020 14:00
Money managers continued to liquidate long positions in oil futures as the coronavirus outbreak batters oil demand, but the pace of selling slowed down again last week, for a third consecutive week. According to exchanges data compiled by Reuters market analyst John Kemp, portfolio managers sold the equivalent of 16 million barrels in the six most important and most traded petroleum futures in the week to February 18. Although last week was another week in which the net long position in petroleum futures dropped, hedge funds sold the… 02/24/2020 13:00
Aramco plans to invest $110 billion in the development of the Jafurah gas field that is estimated to hold some 200 trillion cu ft of gas, the Saudi press Agency reported. Jafurah is the largest unconventional gas field in Saudi Arabia and could begin producing in 2024, the agency also reported. Production is seen at 2.2 billion cu ft daily, a rate to be reached by 2036. Besides gas, Jafurah could also produce around 425 million cu ft of ethane, and 550,000 bpd of gas liquids and oil condensates. Developing its natural gas reserves is a priority… 02/24/2020 12:00
Teck Resources has withdrawn its application for a regulatory review of the Frontier oil sands project, the company said in a news release. “Investors and customers are increasingly looking for jurisdictions to have a framework in place that reconciles resource development and climate change, in order to produce the cleanest possible products,” Teck’s chief executive wrote in a letter to the federal Minister of Environment and Climate Change. “This does not yet exist here today and, unfortunately, the growing debate around… 02/24/2020 10:30
The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National Oil Corporation, Mustafa Sanalla said during a meeting with the U.S. ambassador. “US Ambassador Norland and I agreed that the oil and gas sector must be allowed to operate for the benefit of all Libyans, as it represents the only income for state. That means ending the blockade, which is doing severe damage to the economy of country,” Sanalla was quoted as saying by Libyan… 02/24/2020 10:30
Oil prices plummeted by 4 percent early on Monday as the coronavirus spread outside China and Asia, rekindling fears that a protracted global outbreak would impact economic growth and oil demand around the world. At 8:27 a.m. EST on Monday, WTI Crude was plunging by 3.73 percent at $51.40 and Brent Crude was tumbling 3.75 percent at $55.78, after Italy reported a sharp rise of coronavirus cases over the weekend, with more than 200 infected people as of Monday—the biggest outbreak outside Asia so far. A fifth person has died of… 02/23/2020 17:00
Carbon capture technology has been garnering more and more attention as one way to solve the world’s human-made emissions problem, but costs remain an obstacle. But another technology might help: turning CO2 back into fuel. Two recent inventions are giving hope, and both have to do with nanocatalysts. As the name suggests, these are microscopic catalysts—chemicals that accelerate a chemical reaction between other elements—and these catalysts can be used in hydrogenation to produce useful gases. Hydrogenation put simply,… 02/23/2020 11:00
After two underwhelming years of solar job contraction in the United States, the solar industry’s employment returned to growth in 2019, thanks to an expansion in U.S. solar installations. The U.S. solar industry added 5,600 jobs last year, with employment increasing by 2.3 percent compared to 2018, the annual National Solar Jobs Census from non-profit organization The Solar Foundation showed this week. The solar industry now employs almost 250,000 workers nationwide and has returned to workforce growth after two consecutive years of job…

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