Mohammad Sanusi Barkindo, secretary general of the Organization of Petroleum Exporting Countries. Aaron M. Sprecher | Bloomberg | Getty Images Mohammad Barkindo, a Nigerian politician and the secretary general of oil group OPEC, has died at the age of 63. The head of Nigeria’s National Petroleum Corporation, Mele Kyari, announced the news in a tweet Wednesday, which was confirmed by two sources at OPEC. “We lost our esteemed Dr Muhammad Sanusi Barkindo,” a tweet early Wednesday morning from his verified Twitter handle read. “He died at about
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Russia says it stands ready to supply gas to Europe, describing ongoing disruption concerns as a “man-made crisis” created by Europe. Bloomberg | Bloomberg | Getty Images Russia is poised to temporarily shut down the Nord Stream 1 pipeline — the European Union’s biggest piece of gas import infrastructure — for annual maintenance. The works
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Oil posted its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market.  West Texas Intermediate crude futures settled below $100 on Tuesday after falling more than 8%, the most since March 9. Risk-off sentiment spread throughout markets on escalating concerns that a global economic slowdown will
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Bitcoin just finished its worst month since May 2021, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market,
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By Maria Merano Posted on July 4, 2022 Since January 2022, Tesla has built over 1,200 Supercharger stations with more than 8,700 Superchargers in Mainland China. Tesla also installed 700 destination charging stations with 1,800 destination charging piles in various hotels/resorts, dining halls, shopping centers, and office buildings in the country. Tesla China’s Supercharger stations
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European-brokered efforts to revive the Iran nuclear deal are likely to resume following US President Joe Biden’s visit to the region this month, after an intense round of talks in Doha failed to overcome differences. Two European diplomats with direct knowledge of this week’s negotiations said that, while talks didn’t progress, efforts to resurrect the
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By Maria Merano Posted on July 3, 2022 Germany’s Federal Motor Transport Authority or Kraftfahrtbundesamt (KBA) issued a Tesla recall over a software malfunction with the auto emergency calling (e-call) feature in Model Y and Model 3 units. “Software error leads to failure of the e-call system,” described the agency.” The e-call system contacts first
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Steam rises from the cooling towers of the coal-fired power plant at Duke Energy’s Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Dane Rhys | Reuters On Thursday, the Supreme Court changed the rules of the game in the race to limit global warming by constricting the Environmental Protection Agency’s authority
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TotalEnergies has announced a discount on fuel prices at highway stations in France for the summer holiday season. Picture Alliance | Picture Alliance | Getty Images French oil major TotalEnergies on Thursday announced a discount on fuel prices at nationwide highway stations for the summer holiday season, acknowledging the “great tension” in energy markets following
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By Joey Klender Posted on July 2, 2022 Tesla (NASDAQ: TSLA) said it would announce its Earnings for the second quarter of 2022 on Wednesday, July 20, 2022, at 5:30 p.m. Eastern Time. Tesla will first release a Shareholder Deck at market close, which will then be followed by the company’s Earnings Call at around
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