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Tajikistan, Uzbekistan Strengthen Energy Relations

November 8, 2017 OilPrice.com 0

A source at a state-run natural gas company in Tajikistan has told media that they are finalizing negotiations to resume the import of gas from Uzbekistan after a five-year hiatus. Asia-Plus news website on November 7 cited the official at Tajiktransgaz as saying a preliminary agreement for gas deliveries was reached during recent talks in the Uzbek capital, Tashkent. No price has been set yet and there is no available information about the volumes to be imported, but the Tajiktransgaz source claimed the cost would be considerably lower than that…

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Saudi Crackdown Was A “Classic Head Fake” For Oil Prices

November 6, 2017 OilPrice.com 0

Overnight, following the recent Saudi turmoil, prices in the crude complex jumped to the highest levels in over two years, amid speculation that Saudi Arabia is more likely to back output curbs following this weekend’s crackdown by Crown Prince Mohammed bin Salman. “It creates some hope that the current policy by the Saudis will be continued after March,” said ABN Amro senior energy economist Hans van Cleef. “We’re still in the longer-term upswing, the uptrend is still intact”, and indeed Dec. WTI rose +31c to $55.95/bbl after…

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Why Are The British Paying So Much For Energy?

November 2, 2017 OilPrice.com 0

Early this year, British politicians upset by the UK’s high electricity prices, commissioned a study, the Cost of Electricity Review. There is an irony here. High electricity prices are in large measure the direct result of government energy policy. But instead of empaneling a politically “safe” and well-vetted committee of regulators and senior civil servants, they handed the task to one of the UK’s preeminent energy economists, Dieter Helm. In reporting back he minced no words. His report’s analyses and recommendations have implications…

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How Long Will The Lithium Rush Last?

October 26, 2017 OilPrice.com 0

In “Mad Scramble for Lithium Mines From Congo to Cornwall”, Bloomberg puts some colour on current conditions in the red hot sub-sector. For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals Ltd. A penny stock until a few months ago, the mining hopeful has surged about 1,300 percent this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of Congo as a supplier of lithium needed to power electric cars. While…

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Cars Are The Future Of Energy Storage

October 23, 2017 OilPrice.com 0

A number of years ago, one of the smartest entrepreneurs in the electric industry (as evidenced by the timing of his sale of generating assets to a big energy producer) bought a hybrid car. He said it was a mobile electric battery and that he’d sell electricity back to the grid from it, sooner or later. That was a while ago. Now every major automotive manufacturer around the world is making a big commitment to electric vehicles (EVs). And yes they are basically mobile batteries.  Renault, which has cross ownership arrangements with Nissan…

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The Embarrassing Problem Holding Back Tesla’s Model 3 Production

October 18, 2017 OilPrice.com 0

A little over a week ago, we noted the damning – if unsurprising – report from the Wall Street Journal revealing that Tesla’s massive production miss on the Model 3, after only producing a tiny fraction of the 1,500 Model 3 sedans that it promised customers, might have been attributable to the fact that key parts of the cars were still being assembled by hand. But according to a new report from the WSJ and Automotive News this morning, the real problem with Tesla’s Model 3 production might be even more basic and…

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VW Fails To Secure Critical Commodity For EVs

October 17, 2017 OilPrice.com 0

In one of the clearest signs of a tight cobalt market, Volkswagen has failed to secure a long-term supply of cobalt used in electrical vehicle batteries. The German carmaker last month put out a tender seeking a five-year supply of the strategic metal at a fixed price. But people familiar with the deal said the offer was well below market prices. Cobalt has more than doubled in price from a year ago, when it was trading around $12 a pound, to its current $27.10 a pound as of last Thursday. (see chart below). (Click to enlarge)”They’re being…

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Tesla Execs Bail As Cash Flow Hits Record Lows

October 16, 2017 OilPrice.com 0

One month after Tesla lost its head of business development who wished to “spend more time with his family”, and just weeks after the EV company’s veteran battery technology director also unexpectedly quit amid a growing senior management exodus (full list at the bottom of this article), Tesla decided to even out the ranks on the bottom as well, and fired “hundreds of workers” this week, including engineers, managers and factory workers even as the company struggles to expand its manufacturing and product line, according…

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New Tech Is Transforming Japan’s Energy Sector

October 12, 2017 OilPrice.com 0

With Fukishima’s nuclear reactors set to restart for the first time since 2011’s meltdown, you could be forgiven if you missed another bit of recent energy-related news from the east-central prefecture: an exciting blockchain-powered pilot has just been given the green light. If successful, it could change the way Fukishima – and perhaps indeed the whole country – consumes, generates and trades electricity. Bitcoin-related developments are now on the rise in the Land of the Rising Sun, for the first time in a long…

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