Latest news with #IEF
Zawya
a day ago
- Business
- Zawya
International Energy Forum (IEF) Secretary General Joins African Energy Week (AEW) 2025 Amid Forecasts Global Energy Growth
Jassim Alshirawi, Secretary General of intergovernmental organization the International Energy Forum (IEF), has joined the African Energy Week (AEW): Invest in African Energies conference as a speaker. As the world's largest gathering of energy ministers, the IEF accounts for more than 90% of global oil and gas supply, and as such, Alshirawi is well-positioned to lead discussions around Africa's oil market, including trends, opportunities and challenges. Representing the global home of energy dialogue, the IEF focuses on energy security, data transparency and energy transition, uniting global energy ministers and stakeholders to advance global supply chains. Founded more than 30 years ago, the organization facilitates discussions between producing and consuming countries, offering a neutral and inclusive platform to address supply chain challenges. Alshirawi's participation at AEW: Invest in African Energies 2025 – Africa's largest energy event – is expected to further strengthen these discussions as Africa's role in global energy markets increasingly grows. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Alshirawi's participation comes as Africa moves to promote Africa-centric energy policies, ones that center around the continent's need to scale-up energy capacity while advancing a just energy transition. Given that over 600 million people currently lack access to electricity across the continent while 900 million people lack access to clean cooking solutions, many countries are advocating for a differentiated approach to the energy transition in Africa, one that prioritizes the development of low-carbon oil and gas. Organizations such as the IEF are uniquely positioned to facilitate energy dialogue, thereby enhancing a better understanding of Africa's energy dynamics. Beyond energy dialogue, the IEF provides a series of reports and data analysis, with insights supporting investments and decision-making by leading operators and financiers. In the IEF's latest Comparative Analysis of Monthly Reports on the Oil Market, the organization offers a comparison of forecasted market trends by major organizations such as OPEC and the International Energy Agency (IEA). In its comparison, the IEF outlines that OPEC predictions show global oil demand rising 1.3 million barrels per day (bpd) in 2025, driven predominantly by increased consumption of transportation fuels. The 2026 forecast will see demand rise by a further 1.3 million bpd, sustained by rising demand for mobility and petrochemicals feedstocks. At the same time, the IEA projects global oil demand to rise by 0.7 million bpd in 2025 and 720,000 bpd in 2026. These discrepancies underscore the need to connect under one platform, with AEW: Invest in African Energies 2025 emerging as a strategic forum in this regard. AEW: Invest in African Energies unites stakeholders from the global and African energy landscapes to discuss strategies for accelerating investment and development in pursuit of enhanced energy security. As a continent rich with a variety of natural resources and offering significant untapped opportunities, Africa is well-positioned to play a more central role in global supply chains. Established markets such as Angola, Nigeria, the Republic of Congo and Libya are rapidly increasing oil and gas production, targeting new exploration frontiers and incremental production projects. Concurrently, emerging markets such as Namibia, Uganda, Ivory Coast, South Africa and Zimbabwe are all driving frontier exploration, with the aim of establishing themselves as future producers. In tandem with advancements in clean energy developments – from large-scale green hydrogen to integrated solar and wind – Africa offers significant opportunities across its entire energy sector and value chain. Stepping into this picture, Alshirawi's participation at AEW: Invest in African Energies 2025 will strengthen Africa-global dialogue. His participation will not only seek to address challenges and opportunities across the global energy market but foster discussions around Africa's unique strategy to scale-up energy and advance its transition. 'As Africa's energy sector experiences rapid growth, a unique opportunity has emerged for operators, financiers and technology providers to capitalize on global demand and position the continent as a major supplier. Insights shared by the IEF have long-played an important part in de-risking investments in Africa and will continue supporting developments as companies unlock the full potential of the continent's energy resources,' states NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Associated Press
17-06-2025
- Automotive
- Associated Press
Electerek Formula Sun Grand Prix 2025 to Host Over 30 Collegiate Solar Car Teams
Premier solar competition celebrates its 25th anniversary, returns to National Corvette Museum Motorsports Park for second consecutive year BOWLING GREEN, KY, UNITED STATES, June 17, 2025 / / -- The Innovators Educational Foundation (IEF) is excited to announce the Electrek Formula Sun Grand Prix 2025 (FSGP), a premier collegiate solar car competition, will be hosted for the second consecutive year at the National Corvette Museum (NCM) Motorsports Park in Bowling Green, Ky., from July 3-5. This three-day endurance event, celebrating its 25th anniversary in 2025, highlights the ingenuity and dedication of more than 30 collegiate teams from across North America. 'We are excited to bring the solar cars back to NCM Motorsports Park for the Electrek Formula Sun Grand Prix 2025! Even more so, the teams are excited to showcase their innovative vehicles powered by the sun, inspiring young and old alike while demonstrating the capabilities of solar power and engineering creativity, said Gail Lueck, Event Director and Operations Director at IEF. 'Celebrating 25 years since the first Formula Sun Grand Prix, we are proud to continue to provide this hands-on, multi-disciplined, experiential learning opportunity for today's college students that will become tomorrow's leaders.' Showcasing Collegiate Ingenuity and Dedication The Electrek FSGP 2025 will once again offer an exciting showcase of cutting-edge solar technology and innovative engineering while highlighting the ingenuity and dedication of collegiate teams from across North America. Each team has spent countless hours designing, building and refining their solar-powered vehicles to compete in this prestigious event. The competition not only tests the endurance and speed of these cars but also emphasizes reliability, strategic energy management and adaptability to weather conditions. See here a full list of teams. Solar Enthusiasts Welcome to Attend The event is open to the public from July 3-5 when the solar-powered cars will be on track demonstrating their capabilities. Visitors will have the opportunity to witness these incredible vehicles in action as they complete as many laps as possible using only solar energy. This year's event will utilize the 3.15-mile Grand Full Course at the NCM Motorsports Park, providing an exhilarating backdrop for this unique engineering challenge. Admission to the Electrek FSGP 2025 is free, making it an excellent opportunity for families, technology enthusiasts and anyone interested in sustainable transportation to experience the future of automotive innovation. Attendees can interact with the teams during charging hours to learn about the technology behind the solar cars and get inspired by the young engineers driving the future of green energy. Below are the best times to attend (all times Central Time Zone): Thursday July 3 10 a.m.: Ceremonial Start 10 a.m. to 6 p.m.: Hot Track 6 p.m. to 8 p.m.: Evening Charging Friday July 4 9 a.m. to 5 p.m.: Hot Track 5 p.m. to 8 p.m.: Evening Charging Saturday, July 5 9 a.m. to 5 p.m.: Hot Track Post Racing: Awards Ceremony See here a detailed schedule of the event, including pre-event Load In and Scrutineering. Altair's Solar Car Challenge 2025 Returns With $10,000 Prize The Altair Challenge is returning to the FSGP 2025, offering teams a chance to win a $10,000 grand prize and other prizes. The Altair Challenge is designed to push the analysis and optimization skills of competing teams to new heights, tasking them with the re-design of a given part using only the provided Altair tools. In addition to the chance of winning the $10,000 prize money or other great prizes, participants will upskill their abilities to optimize parts of their team's solar car, giving their teams an advantage in the overall contest and in the process become better engineers. 'The Altair Solar Challenge is a unique opportunity for student teams to elevate their engineering skills through cutting-edge design and optimization tools,' said Jim Ryan, Vice President of Global Academic Programs at Altair. 'By pushing the boundaries of part redesign and performance, this challenge not only strengthens their technical expertise but also gives them a competitive edge in the race. We're proud to support the innovators driving the future of sustainable transportation.' Sponsorships Reach New Heights Electrek, a leading news and commentary site focusing on the transition from fossil fuels to electric transport and green energy initiatives, is proud to once again serve as the title sponsor of this year's event. 'At Electrek, we're not here to watch the clean-energy transportation revolution – we're here to drive it,' said Seth Weintraub, founder of Electrek. 'That's why we're amped to sponsor the Formula Sun Grand Prix. These talented student-led teams are blowing past limits and proving that the future runs on sunlight and smarts. We are witnessing the future leaders of the clean transportation industry who are ensuring clean energy leaves fossil fuels in the dust.' In addition to Altair and Electrek, FSGP 2025 is proud to welcome AESC, Blue Origin, MathWorks, GENERAC and Retrospec as sponsors for this year's event. 'AESC is proud to sponsor the Electrek Formula Sun Grand Prix and support the next generation of innovators shaping the future of clean energy and transportation. As a global leader in battery technology for electric vehicles and energy storage systems, we know that education, creativity and hands-on experience are key to unlocking tomorrow's breakthroughs,' said Brad Grantham, AESC Spokesperson. 'The FSGP reflects our own mission to accelerate a sustainable future and we're excited to help empower these talented students as they push the boundaries of solar-powered vehicle design.' The Formula Sun Grand Prix is not affiliated with the Formula 1 companies, FORMULA 1 racing, or the FIA Formula One World Championship. About the Innovators Educational Foundation Innovators Educational Foundation (IEF) is a 501(c)(3) non-profit that organizes solar car events in the United States, including the American Solar Challenge and the Formula Sun Grand Prix. These events provide hands-on, multi-disciplinary learning opportunities for college students, fostering innovation in solar-powered transportation. Adam Gasper FINN Partners +1 9899284462 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Associated Press
17-06-2025
- Business
- Associated Press
Foundation Helps Rural Oregon Nonprofit Build a Proper Track for School District
Originally published on U.S. Bank company blog Imbler is a rural community in eastern Oregon with one K-12 school and athletic facilities that support all its residents. Prior to 2025, the Imbler School District track consisted of a dirt and gravel path built by a local farmer, posing many problems for the student athletes, including injury. As the school has grown, the need for a better facility became increasingly apparent. The closest U.S. Bank branch in La Grande, Oregon, is staffed with colleagues with significant ties to Imbler, and they saw an opportunity to positively impact a community that was important to them and the bank. Thanks to their efforts, the U.S. Bank Foundation in late 2024 announced a $25,000 grant to the Imbler Education Foundation (IEF) to help fund a new track facility through its Track and Field Community Project. The grant came at a pivotal moment for the track project, as it allowed the IEF to keep up with payments to contractors and continue construction to be ready for the 2025 track season. In early May, the Imbler School District held its first ever official track meet on the school's new composite track, made possible through the support of U.S. Bank and the U.S. Bank Foundation. Check out the video above to learn more. Visit 3BL Media to see more multimedia and stories from US Bank
Yahoo
09-04-2025
- Business
- Yahoo
QQQ Sees $4.2 Billion Exodus as Tech Stocks Whipsaw
The Invesco QQQ Trust (QQQ) experienced outflows of $4.2 billion on Tuesday, reducing its assets to $265 billion, according to daily fund flows data. The outflows came during a roller-coaster session, when the tech-heavy Nasdaq swung from a 4.5% gain to close down 2.2% amid ongoing tariff concerns. Treasury ETFs captured investor interest with the iShares 7-10 Year Treasury Bond ETF (IEF) attracting $2.3 billion. The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) pulled in $1.5 billion, as investors sought shelter from market turbulence that pushed the S&P 500 below 5,000 for the first time since April 2024. On the outflows side, the JPMorgan Ultra-Short Income ETF (JPST) and the iShares Core S&P 500 ETF (IVV) saw redemptions of $1.2 billion each. U.S. equity ETFs led overall inflows with $3.6 billion, while leveraged ETFs gained $1.3 billion. International fixed income was the biggest loser with outflows of $1.4 billion. In total, ETFs added $2.9 billion in new assets. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 5,977.34 526,526.48 1.14% VOO Vanguard S&P 500 ETF 2,404.95 542,593.12 0.44% IEF iShares 7-10 Year Treasury Bond ETF 2,336.87 37,876.30 6.17% BIL SPDR Bloomberg 1-3 Month T-Bill ETF 1,477.50 45,550.50 3.24% SPTI SPDR Portfolio Intermediate Term Treasury ETF 1,475.53 9,262.08 15.93% SOXL Direxion Daily Semiconductor Bull 3x Shares 1,087.06 6,734.51 16.14% IWM iShares Russell 2000 ETF 879.95 57,160.80 1.54% PTLC Pacer Trendpilot US Large Cap ETF 689.63 3,922.58 17.58% IGV iShares Expanded Tech-Software Sector ETF 601.55 8,933.80 6.73% BSV Vanguard Short-Term Bond ETF 531.28 35,227.18 1.51% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I -4,177.19 265,007.59 -1.58% JPST JPMorgan Ultra-Short Income ETF -1,220.16 29,941.92 -4.08% IVV iShares Core S&P 500 ETF -1,216.18 524,046.63 -0.23% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -885.08 28,855.65 -3.07% TLT iShares 20+ Year Treasury Bond ETF -594.22 49,320.46 -1.20% HYG iShares iBoxx $ High Yield Corporate Bond ETF -549.39 15,466.98 -3.55% XLP Consumer Staples Select Sector SPDR Fund -387.75 15,228.67 -2.55% PULS PGIM Ultra Short Bond ETF -351.17 10,658.85 -3.29% JAAA Janus Detroit Street Trust Janus Henderson AAA CLO ETF -332.97 20,230.45 -1.65% SPLG SPDR Portfolio S&P 500 ETF -326.26 53,346.82 -0.61% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -95.12 9,891.58 -0.96% Asset Allocation 64.96 22,021.67 0.29% Commodities ETFs -402.00 191,063.45 -0.21% Currency -131.80 97,818.22 -0.13% International Equity -358.20 1,472,538.06 -0.02% International Fixed Income -1,449.27 276,114.01 -0.52% Inverse 462.86 16,646.12 2.78% Leveraged 1,296.46 84,364.45 1.54% US Equity 3,600.31 5,806,810.92 0.06% US Fixed Income -134.20 1,628,954.68 -0.01% Total: 2,854.00 9,606,223.16 0.03% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Sign in to access your portfolio
