If Tesla has demand worries as a result of its poor Q1 2024 delivery numbers, it sure isn't showing it. Instead the company is reported to be looking to expand even further geographically, with FT reporting this week that Tesla is eyeing India as a potential site for its next electric vehicle factory, with an investment estimate ranging from $2 billion to $3 billion. The company is set to explore locations in states like Maharashtra, Gujarat, and Tamil Nadu, known for their existing automotive infrastructure. This move aligns with Prime…

After months of delays that have sapped the strength of Ukraine’s fight against the Russian invasion, a multibillion-dollar aid bill may soon be headed toward passage by the U.S. Congress, albeit with substantial challenges still in its path. Mike Johnson, the Republican speaker of the House of Representatives, told Fox News on March 31 that he wants new Ukraine aid approved “right now” and suggested he would propose a package soon after Congress returns from recess on April 9. Johnson said the proposal would include “important…

The National Maritime Authority of Denmark has closed down the Great Belt strait–a key shipping venue for Russia’s shadow sanctions-busting oil fleets–after the Danish navy activated a faulty missile launcher, endangering traffic.  The missile launcher was activated and could not be deactivated, prompting the Danish authorities to bar access, which blocks access to the Baltic Sea, citing the risk of “falling missile fragments”, Reuters reports.  "Until the missile launcher is deactivated, there is a risk…

The National Maritime Authority of Denmark has closed down the Great Belt strait–a key shipping venue for Russia’s shadow sanctions-busting oil fleets–after the Danish navy activated a faulty missile launcher, endangering traffic.  The missile launcher was activated and could not be deactivated, prompting the Danish authorities to bar access, which blocks access to the Baltic Sea, citing the risk of “falling missile fragments”, Reuters reports.  "Until the missile launcher is deactivated, there is a risk…

It has now been just over a year since the Federal Government of Iraq (FGI) centred in Baghdad imposed an embargo on oil exports from the country’s semi-autonomous region of Kurdistan (KRI) based in Erbil. Over this time, there have been many comments from politicians, analysts, and executives of international oil companies working in Kurdistan who have decried the embargo as making no sense for any party involved. As highlighted by OilPrice.com, though, it makes perfect sense if it is understood that the FGI does not want Kurdistan…

Commodity exports from Chile, a top producer of copper and lithium, could be delayed amid a workers’ strike that began early on Thursday, which disrupted loading and unloading of vessels. Members of the UPC and FTPC trade unions started a 24-hour strike on Thursday morning local time, Bloomberg reports. “The strike is intended to draw the attention of the government regarding the union's demands related to decarbonization and unemployment in ports,” Albatrans International Freight Forwarders said in a LinkedIn post on…

Commodity exports from Chile, a top producer of copper and lithium, could be delayed amid a workers’ strike that began early on Thursday, which disrupted loading and unloading of vessels. Members of the UPC and FTPC trade unions started a 24-hour strike on Thursday morning local time, Bloomberg reports. “The strike is intended to draw the attention of the government regarding the union's demands related to decarbonization and unemployment in ports,” Albatrans International Freight Forwarders said in a LinkedIn post on…

Two warmer winters in a row have lifted natural gas inventories in the United States and Europe and have eased concerns about supply, which were sparked by the Russian invasion of Ukraine and the cutoff of most of Russia’s pipeline gas supply to the EU.    U.S. inventories of natural gas in the week to March 22 were 41% more than the five-year average and 23% higher than last year at this time, per the latest EIA data.  Europe, for its part, just exited the winter heating season with its highest level of…

Companies, governments, and investors need to confront short-term trade-offs and make tough choices to alter the world's climate change course.The former boss of UK oil supermajor BP has said around £2.7 trillion needs to be invested in sustainable financing every year for the next decade to limit climate change damage. Lord Browne of Madingley, who led the oil giant for 12 years until 2007, said the energy transition will pivot the world from a period of “climate crisis into climate correction”. The ” huge but achievable”…

Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average at $3.58 per gallon as of April 4.   The national average hit a new multi-month high on Thursday morning, rising to $3.58 per gallon, the highest since October 14, Patrick De Haan, head of petroleum analysis at GasBuddy, noted. The national average is now 7.2 cents per gallon higher than at this time last year, De Haan added. The current average price of a gallon of regular gasoline…

Rising seasonal demand and higher crude oil prices have resulted in the highest average U.S. gasoline prices in nearly six months, with the national average at $3.58 per gallon as of April 4.The national average hit a new multi-month high on Thursday morning, rising to $3.58 per gallon, the highest since October 14, Patrick De Haan, head of petroleum analysis at GasBuddy, noted. The national average is now 7.2 cents per gallon higher than at this time last year, De Haan added. The current average price of a gallon of regular gasoline is some…