Tag: energy
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Strait of Hormuz threat level raised to ‘severe’ after Iran attacks tankers using U.S. Navy route
Iran’s military has warned it will target ships that do not use a northern route approved by Tehran.
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Ukrainian drones hit Russia’s largest oil refinery as Zelenskyy says Siberia now ‘within reach’
The attack underscores Kyiv’s enhanced long-range drone capabilities and comes on the eve of a crucial NATO summit.
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Oil prices rise after report of Iranian attack on commercial ships in Strait of Hormuz
Brent and U.S. crude futures rose after a report of an Iranian attack on commercial ships in the Strait of Hormuz.
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Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.
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Why oil investors fear the next toll fight could be the Strait of Malacca
The prospect of fees to transit the Strait of Hormuz has sparked alarm, not least by investors who fear it could be replicated in other maritime corridors.
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LG Energy Solution forecasts 77% operating profit fall in Q2 on weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecast of a 249
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LG Energy Solution flags 77% fall in Q2 operating profit on continued weak EV demand
SEOUL, July 7 : South Korean battery maker LG Energy Solution said on Tuesday it expects April-June operating profit to fall 77 per cent to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales. That compared with an LSEG SmartEstimate forecast of a 249
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TeraWulf shares soar after Anthropic leases data center in Kentucky
TeraWulf is a crytpo mining company that has pivoted to AI data center infrastructure. Its stock is up more than 80% this year.
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Why heat waves heighten the risk of blackouts
When extreme heat hits, people turn to AC, but what if the grid fails? From France to the US, heat waves are pushing power systems to the limit, raising blackout risks and energy prices when electricity is needed most.
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Trump’s calls, Ukraine’s strikes and Russia’s barrage on Kyiv put markets on alert
Trump reportedly spoke with Putin and Zelenskyy as Ukraine struck Russian targets and Moscow launched another deadly attack on Kyiv.
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