Oil industry targets profits from petrochemicals despite uncertain fossil fuel demand

This article is an onsite version of our Moral Money newsletter. Premium subscribers can sign up here to receive it three times a week. Standard subscribers can upgrade to Premium here, or view all FT newsletters. Visit our Moral Money hub for the latest ESG news, opinion and analysis from the FT Welcome back. For … Read more

Samsung expects profits to rise due to demand for AI chips

Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Samsung Electronics expects operating profit to rise more than 15-fold in the second quarter as memory chip prices continue to recover from last year’s decline due to strong demand for artificial intelligence products. Friday’s better-than-expected outlook … Read more

M&S increases stock of smaller womenswear sizes due to higher demand

Marks & Spencer is increasing its stock of womenswear in smaller sizes after increased demand left gaps on shelves. Stuart Machin, the chain’s CEO, said that three years ago around a fifth (21%) of items sold from its main seasonal collection were sizes 6 to 10 and that this had now risen to 35% as … Read more

Football Manager 25 to remove Inbox, ability to hammer “Demand More” when you lose

There are some big changes coming to FM25. Last year, in an exclusive interview with Eurogamer about the future of Football Manager, Sports Interactive manager Miles Jacobson described those big changes, particularly those to the game’s UI, as “the most dangerous changes you can make – because people who have the muscle memory to know … Read more

Energy emissions reached record levels due to rising demand for fossil fuels, the report said

Stay informed with free updates Simply log in to the Energy sector myFT Digest – delivered straight to your inbox. Greenhouse gas emissions from energy reached a record high last year as demand for fossil fuels rose despite a surge in renewable energy, according to a report highlighting the need to accelerate the green transition. … Read more

Too much of a good thing? Spain’s green energy could exceed demand – BBC News

Image source, Guy Hedgecoe Image caption, Spain has invested heavily in wind farms, such as the one in the Sierra del Romeral Item information Author, Guy Hedgecoe Role, BBC News, in central Spain 2 hours ago The patchwork region of Castilla-La Mancha, in central Spain, was once known for their windmills. But now it’s wind … Read more

Slowing demand growth and rising supply put global oil markets on course for a large surplus this decade – News – IEA

Oil markets are comfortably supplied until 2030, according to the IEA’s new medium-term outlook, although a relentless focus on energy security will remain crucial as powerful forces transform the sector Global oil demand growth is expected to slow in the coming years as energy transitions progress. At the same time, global oil production is expected … Read more

The auto industry misjudges consumer demand for electric vehicles | OilPrice.com

Falling private demand for electric vehicles (EVs) has dominated headlines throughout the year, fueling car owners’ concerns about the high cost of the switch. Automotive industry data provided by industry body Society of Motor Manufacturers and Traders (SMMT) showed sales to private buyers fell 7.7 percent in April. This week’s SMMT data showed a similar … Read more

Automakers warn that heavily reduced EV prices to boost demand are ‘unsustainable’ as private sales fall again in May

Automakers say current discounts offered on EVs to boost demand are 'unsustainable' as they - again - called on the government to step in with new incentives in the wake of slumping private sales

Carmakers have warned that their “attractive offers” on electric vehicles, aimed at boosting falling demand, are “unsustainable” and said the next government must step in to boost private sales. It comes as sales of electric vehicles to the general public fell by a further 2 percent in May, despite brands offering significant discounts in showrooms. … Read more

The US is slowing plans to retire coal-fired power plants as demand for AI energy rises

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The staggering demand for the electricity needed to power next-generation technology is forcing the US to rely on yesterday’s fuel source: coal. Retirement dates for the country’s aging fleet of coal-fired power plants are being … Read more