Bloomberg A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity sector that’s preparing for exponential growth. The problem is that utilities, the primary power suppliers for a century, have the same idea. BP Plc predicts electric vehicle sales ...

Bloomberg The global solar market could do something this year that it’s never done before: shrink. Solar installations in 2018 may total 95 gigawatts, down 3 percent from a year earlier, based on the most conservative of three scenarios modelled by Bloomberg NEF in a report on Monday. For comparison’s sake, the typical nuclear reactor has about a gigawatt of ...

Bloomberg Libya’s National Oil Corp (NOC) declared force majeure on another two oil ports, removing thousands more barrels from the market just as global supply concerns put pressure on OPEC to ramp up production. Oil loadings at the Zueitina and Hariga export terminals in eastern Libya have stopped, the Tripoli-based NOC said on Monday. The halt comes just a week ...