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Global investment in energy transition technologies needs to more than double over the next few decades to significantly reduce the cost of renewables, which are set to provide around 60% of the world's energy needs by 2050, industry officials say.
The U.S. government relaxed a long-standing maritime law protecting domestic shipping commerce to allow an undisclosed company to transport gasoline and diesel to ports in the East Coast after a cyberattack crippled the nation's largest fuel pipeline network.
Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack.
U.S. President Joe Biden on Thursday reassured U.S. motorists that fuel supplies should start returning to normal this weekend, even as more filling stations ran out of gasoline across the Southeast nearly a week after a cyber attack on the nation's top fuel pipeline.
A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports.
Oil prices fell about 3% on Thursday as India's coronavirus crisis deepened and a key U.S. fuel pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after forecasts for a rebound in global demand later in the year.
(Corrects headline to specify "appeals court" denied request)
President Joe Biden said on Thursday that Colonial Pipeline should be reaching full operational capacity right now and he expects to see fuel normalcy this weekend, after an attack on the company triggered fuel shortages and panic buying in the southeastern United States.
Prysmian is close to a "very interesting" contract to develop a high-voltage underground network in the U.S., the Italian company's chief executive said on Thursday.
Colonial Pipeline paid nearly $5 million to Eastern European hackers on Friday after a crippling cyberattack that shut the largest fuel pipeline network in the United States, Bloomberg News reported, citing two people familiar with the transaction.
U.S. House of Representatives Speaker Nancy Pelosi said on Thursday that ransom should not be paid by companies that are the victims of cyber attacks like the one suffered by Colonial Pipeline.
POET, the largest biofuels producer in the United States, is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills' ethanol assets, both companies told Reuters on Thursday.
Czech EP Infrastructure (EPIF) aims to abandon coal by 2030 and to become carbon-neutral by 2040, the utility company said on Thursday.
Cobalt epitomises the minerals conundrum at the heart of the green technology revolution.
China's state planner the National Development and Reform Commission (NDRC) has urged some regions and provinces to tighten energy efficiency controls after they lagged targets in the first quarter, it said on Thursday.
Diversified Energy Co's chief executive expects the natural gas production company to keep growing through U.S. acquisitions, he told Reuters.
Fuel supply constraints along the U.S. East Coast should ease in coming days, U.S. Energy Secretary Jennifer Granholm said on Thursday, a day after Colonial Pipeline late Wednesday said it had restarted its key pipeline.
If China wants to temper the red-hot iron ore and steel sectors it's likely going to have to do more than just talk and tinker around the margins.
FirstEnergy Corp, the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter.
Colonial Pipeline began to slowly restart the nation's largest fuel pipeline network on Wednesday after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States.
Royal Dutch Shell investor RWC said on Thursday it planned to back a climate-related shareholder proposal put forward at the company's annual meeting by activist group Follow This.
Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd's of London insurers AXA XL and Beazley among the underwriters, three sources told Reuters on Thursday.
Chicago corn futures are trading at multi-year highs after major harvests came up short and China burst on to the import scene, but the U.S. government thinks the situation will be more manageable throughout the next year than market participants might have expected.
Mizuho Financial Group Inc, Japan's third largest bank by assets, said on Thursday it would stop financing new thermal coal mining projects from June 1, as global investors and environmental groups urge banks to unload coal-related exposure.