Saturday, March 29, 2025

Tag: energy

Oil Prices Split After 4-Day Rally, But Global Supply Fears Still Loom

Oil prices closed mixed, with WTI declining and Brent gaining. Supply disruptions and geopolitical tensions continue to pressure prices.

Ceasefire on the Table? U.S., Ukraine, and Russia Discuss Peace in Saudi Arabia

U.S. and Ukrainian diplomats met in Saudi Arabia to discuss a ceasefire and address critical issues in the Ukraine conflict.

Samsung Steps Up Climate Action With Expanded Eco-TV Line

Samsung's 2025 TV lineup, including QLED and OLED, has received carbon footprint certifications, showcasing its commitment to sustainability.

Samsung SDI Expands U.S. Reach with $326 Million Energy Storage Deal

Samsung SDI secures a $326M contract with NextEra Energy for battery supply, featuring the innovative Samsung Battery Box for energy storage.

Oil Prices Surge 2% as U.S. Oil Inventories Fall Short of Expectations

Oil prices surged over 2% as U.S. inventories dropped significantly, indicating stronger demand and pushing Brent above $70 per barrel.

Goldman Sachs Sees Little Disruption in Energy Prices from Tariffs on U.S. Goods

Goldman Sachs forecasts minimal impact on energy prices from China's tariffs on U.S. goods and Canadian crude oil this year.

Billionaire Gautam Adani Charged with Massive Bribery Scheme

Gautam Adani, Asia's second-richest person, faces U.S. indictment for bribing Indian officials over $250 million to secure contracts.

Trump’s Team Eyes Major Cuts to Electric Vehicle Subsidies

Trump’s team plans to repeal EV subsidies from the IRA, which could harm the EV industry but benefit Tesla in the long run.

Two Years of Economic Woes: Germany’s Downward Spiral Continues

Germany faces a second year of recession with -0.2% GDP growth due to high inflation, interest rates, and political instability.

Pakistan Strikes Oil and Gas Goldmine in Coastal Waters

Pakistan has discovered a large oil and gas deposit in its waters, potentially reshaping its economy, with results expected in 4 to 5 years.