CNBC Energy

McLaren boss says electric vehicle tech doesn’t yet work for supercars
McLaren Automotive CEO claims that electric vehicle (EV) technology isn't yet ready for supercars.

Prince Charles calls for a 'Marshall-like plan' for the planet
The Prince of Wales is not the only member of royalty to touch on subjects related to sustainability.

Tesla shares fall as Musk dampens Battery Day expectations
Tesla is expected to announce details about a new type of battery cell it has developed, but Musk cautioned about hurdles to reaching mass production.

Oil edges up as U.S. storm eases, but recovery fears persist
Oil rose in early trade on Tuesday, paring sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases.

Airbus announces concept designs for zero-emission, hydrogen-powered airplanes
The aircraft could take to the skies in 2035.


Six-nation Mediterranean Gas Group forms, without Turkey, to “strengthen regional cooperation”
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.

Bidders line up for Exxon’s UK North Sea oil and gas assets
Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.

U.S. drilling total for 2020 will be lowest in more than 80 years
World Oil has finished compiling the 2020 mid-year forecast update for drilling and production and, if projections hold true, the number of oil wells drilled in the U.S. annually will reach lows not seen since the 1930s, or even further back.