Tag: energy
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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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South Korean prosecutors indict four major refiners over allegations of oil price collusion
South Korean prosecutors on Monday indicted four major domestic oil refiners for violating fair trade laws.
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Cargo vessel in Red Sea reports coming under attack, UK maritime body says
The incident was reported in one of the world’s most crucial trade transit routes amid a fragile ceasefire between Iran and the U.S.
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Free electricity in Australia, and other eco wins this week
Germans save an ancient woodland from coal mining, Australia gives away surplus solar power, and how one city became the world’s best place for cyclists?
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UK and France agree with Oman to ensure safety of its territorial waters
France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.
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