Photo: Freepik Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend. The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% decline from a year ago, AAA data showed. Gas prices…
Photo: Freepik Russia’s revenues from oil sales in June 2025 fell to a two-year low amid a decline in global crude prices. In addition, the strengthening of the ruble meant that each barrel was bringing the Kremlin fewer and fewer rubles, Bloomberg reports. According to Bloomberg calculations based on published data from Russia’s Ministry of…
Photo: Freepik Hundreds of workers could lose their jobs after the manufacturing and chemicals giant Sabic announced the closure of its site in north-east England. The Saudi Arabian firm, one of the world’s largest petrochemical manufacturers, will shut its Olefins 6 cracker plant in Wilton, Teesside, after 46 years of it operating. The exact number…
Phopto: Freepik Observer recently shed light on a powerful but often overlooked story: Electric vehicles aren’t just cutting carbon pollution — they are cleaning the air we breathe and improving public health in cities around the world. As the piece details, EV adoption is surging. In 2023, global sales jumped 35%; U.S. sales were up over 40%. But beyond the climate stats and…
Photo: Freepik It only took two days for Nigeria to raise $59 million through green bonds — part of a funding drive for climate and environmental projects in a nation still hooked on oil. Africa remains a small player in the green bond market, and the debt instrument is underused — but it is becoming…
Photo: Freepik (The Center Square) – Illinois drivers face another gas tax hike July 1, despite already paying the nation’s second-highest rates. Starting July 1, Illinois drivers will see the state gas tax rise to 48.3 cents per gallon—up 1.3 cents from last year—as part of an automatic inflation adjustment that keeps Illinois among the…
Photo: Freepik Siemens Energy (OTCPK:SMEGF) expects to launch U.S. production of big industrial power transformers in 2027 and can further expand its North Carolina factory if demand, and import tariffs, stay high, executives said Thursday, Reuters reported. Siemens Energy (OTCPK:SMEGF) tallies more than 20% of its total sales in the U.S. market, where it operates…
Photo: Freepik The UK government has published guidance on how it will consider fresh applications for oil and gas projects. Operators will now have to draw up new environmental impact assessments that take emissions released from burning oil and gas into account – not just the emissions from production. The move will determine whether production…
Photo: Freepik The share price of Gran Tierra Energy Inc. (NYSE:GTE) surged by 18.18% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week. A pipeline snaking through a desert canyon, representing a energy’s transport infrastructure. Gran Tierra Energy Inc. (NYSE:GTE), an independent international energy company currently focused…
Photo: Envato In a breakthrough for clean energy technology, Australia’s national science agency has unveiled a novel solar-powered reactor that generates green hydrogen. The system, developed at the Commonwealth Scientific and Industrial Research Organisation’s (CSIRO) Newcastle Energy Centre, is a “beam-down” solar reactor. Unlike conventional solar thermal setups that concentrate sunlight onto the top of…
