Increased adoption of electric vehicles in the United States and China is expected to put a major dent in gasoline demand growth this year. In one of the most telling statistics about the penetration of EVs into the global market we’ve seen yet, global consultancy Wood Mackenzie projects that gasoline demand growth will reduce by half over the course...

Demand for gasoline and diesel in the United States has plunged to its lowest seasonally since the onset of the COVID pandemic, according to the Energy Information Administration (EIA), sparking concern that economic activity is now becoming stagnant as refining margins hit news lows not seen in months, Reuters reported.  Monthly averages for the week...

Via Metal Miner ThyssenKrupp recently announced plans to create a 50/50 joint steel manufacturing venture with the Czech Republic’s EP Corporate Group and ThyssenKrupp Steel (TKS). According to the German group, talks are now ongoing between the two parties for the sale of an additional 30% stake in the steelmaker, following an April 26 announcement...

Canadian Utilities Ltd has announced it will build a billion-dollar pipeline in Alberta to transport natural gas as demand soars amid industrial expansion in the province, Reuters reports.  Construction is expected to begin on the new Yellowhead Mainline natural gas pipeline, which will feed a provincial petrochemicals plant and other industrial facilities,...

The world is experiencing a nuclear renaissance. Uranium prices are soaring as the world snaps up nuclear fuel, public favor for nuclear power is at a 10-year high in the United States, Russia is busily expanding its own nuclear energy empire in emerging economies in Africa, and even Japan is moving back to the carbon-free energy source 13 years after...

Russia advanced into eastern Ukraine, taking two villages in two regions, Moscow said on Wednesday, in the aftermath of over 70 drone and missile attacks that targeted Ukrainian energy infrastructure overnight.  The barrage of drones and missiles fired early on Wednesday, including Iranian-made Shahed drones, was Moscow’s retaliation for Kyiv’s targeting...