Ghalibaf Says US 'Must Be Punished' Into Accepting Iran's Demands

China's Newest Power Plant Swaps Steam For Supercritical CO2 Authored by Haley Zaremba via OilPrice.com, China just broke ground on a revolutionary new hybridized energy production and storage facility. The power plant will store excess energy in the form of molten salt, and then produce electricity during peak demand times through a supercritical carbon dioxide system. The goal of the project is to limit energy waste while also stabilizing the local power grid. The project could also inform future next-gen energy and energy storage systems, including for application in the nuclear...

Conference Board Confidence Unexpectedly Jumps To Highest In 2026 Despite war (and rising gas prices) now fully embedded in respondents' minds, it is perhaps surprising that The Conference Board's Consumer Confidence rose considerably more than expected to 92.8 in April (89.0 exp) from an upwardly revised 92.2. Present Situation dipped very modestly from 124.1 to 123.8 (120.1 exp) while Expectations rose from 71.0 to 72.2 (69.2 exp) Source: Bloomberg That is the highest headline print in 2026. “Consumer appraisals of current and expected business conditions declined moderately compared to last month," said Dana M Peterson,...

Huawei Pulls Its Nvidia-Killer Forward To Q1 - But There's A Catch Huawei is bringing forward the launch of its next flagship artificial intelligence chip to the first quarter of 2027, accelerating its push to displace Nvidia in China and establish a Chinese alternative in the global AI computing market. The Ascend 960DT, previously scheduled for commercial availability in late 2027, will now arrive in the first quarter, rotating chairman David Wang said Thursday at Huawei's annual conference in Shanghai, according to Bloomberg. A second variant, the Ascend 960PR, is due...