Lithium-laden brine could be a hot commodity for Big Oil
Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be...
Saltwater brine from oil and gas production has historically been viewed as a waste stream that can be costly to treat or dispose of, but it could also be energy companies' golden ticket into the electric vehicle battery industry -- if they can figure out how to extract the lithium from it. ExxonMobil, Chevron and Occidental Petroleum hope to do just that and are working on a variety of lithium extraction pilot projects.
Officials said a transmission line between two power plants caught fire and exploded yesterday, cutting...
Officials said a transmission line between two power plants caught fire and exploded yesterday, cutting power across the country in its worst outage in a year. Power was restored throughout the day, but not before it fell to zero megawatts in what Nigeria’s electricity distribution companies called a “total system collapse.” Many of the country’s homes and businesses use their own sources of electricity, like gas-powered generators, because the national grid is so unreliable.
UAW strike: 12,700 Ford, GM and Stellantis workers walk off the job
Nearly 13,000 U.S. auto workers went on strike early Friday after the Big Three and the United Auto Workers...
Nearly 13,000 U.S. auto workers went on strike early Friday after the Big Three and the United Auto Workers failed to reach an agreement before their national contract expired just before midnight.
Oil set for another weekly gain on tight supply and China optimism
LONDON (Reuters) -Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian...
LONDON (Reuters) -Oil was on track for a third weekly gain as supply tightness spearheaded by Saudi Arabian production cuts combines with optimism that the Chinese economy is finally turning a corner.
Brent crude futures gained 8 cents to $93.78 a barrel while West Texas Intermediate (WTI) was up 14 cents at $90.3.
Brent hit a 10-month high of $94.63 earlier in the session and has seen its biggest quarterly increase since Russia's invasion of Ukraine. Both benchmarks were up about 4% on the week.
EIA reports a weekly rise of 57 billion cubic feet in U.S. natural-gas supply
The U.S. Energy Information...
The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage rose by 57 billion cubic feet for the week ended Sept. 8. On average, analysts surveyed by S&P Global Commodity Insights forecast an increase of 49 billion cubic feet. Total working gas in storage for the week was at 3.205 trillion cubic feet, up 445 billion cubic feet from a year ago and 203 billion cubic feet above the five-year average, the government said. In Thursday dealings, October natural gas NGV23, -0.22% traded at $2.762 per million British thermal units, up 8.2 cents, or 3.1%, on the New York Mercantile Exchange.
