Top

Category: Energy


Energy, Industries

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

June 20, 2024

Via: CNBC

New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end. The rebate programs are part of the federal Inflation Reduction Act, the […]


Energy

Threat to energy bills ahead from gas price surge but oil costs plunge

June 3, 2024

Via: Sky News

Brent crude fell by more than 3% on Monday – to just below $78 a barrel at one stage – on market speculation that major oil producing countries in the Opec+ group, which includes Russia and Saudi Arabia, were set […]


Energy, Industries

OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering

June 3, 2024

Via: DailyFX

OPEC+ EXTENDS PRODUCTION CUTS INTO 2025 – VOLUNTARY CUTS TO BE WOUND DOWN FROM OCTOBER The Organisation for Petroleum Exporting Countries and its allies, otherwise known as OPEC +, decided to extend their existing production cuts when officials met on […]


Energy, Industries

Starmer vows to kick off clean energy plans ‘within months’ of a Labour win

May 31, 2024

Via: Sky News

At an event in Scotland – and joined by Scottish Labour leader Anas Sarwar – the prime ministerial hopeful will reiterate his plans for Great British Energy, first announced at the party’s conference in 2022. Headquartered north of the border, […]


Energy, Industries

US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC

May 30, 2024

Via: DailyFX

Crude Oil Prices were a little lower in Europe on Thursday, retracing some more of the gains made earlier in the week. Those gains were rooted in hopes that the Organization of Petroleum Exporting Countries and their allies will stick […]


Energy, Industries

US Crude Oil Hands Back Early Gains As Demand Doubts Resume Control

May 15, 2024

Via: DailyFX

US Crude oil prices failed to hold on to early gains in Europe on Wednesday but the market’s recent range held firm. Energy markets had found support into the open thanks to data released in the previous session showing a […]


Energy, Industries

Shell Launches $3.5 Billion Buyback

May 2, 2024

Via: The Wall Street Journal

Shell’s SHEL 2.13%increase; green up pointing triangle first-quarter adjusted earnings fell by less than expected, buoyed by a strong performance by its integrated gas division and kicked off a $3.5 billion share buyback program to close the valuation gap between […]


Energy, Industries

Oil Price Update: Israeli Troops Withdraw from the South, Peace Talks Underway

April 8, 2024

Via: DailyFX

Israeli soldiers have been called back from Southern Israel after sparking outrage over the recent aggression that killed seven aid workers. The US sent a particularly strong message that civilians need to be protected and that Israel needs to allow […]


Energy, Industries

Brent Crude Prices Hit $90 as Geopolitical Tensions Flare up

April 5, 2024

Via: DailyFX

OPEC met this week with the organization largely expected to stick to the prior agreement for oil supply in Q2. Numerous officials, who wished to remain unnamed, were cited by Reuters in the lead up to the meeting that took […]


Energy, Industries

Oil price rises after Ukraine attacks major Russian refinery

April 3, 2024

Via: Sky News

The attack on the Taneco facility, in the province of Tatarstan, appears to have been Kyiv’s deepest strike inside Russian territory since the invasion of Ukraine more than two years ago. The strike on Tuesday started a fire which took […]


Energy, Industries

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

March 27, 2024

Via: DailyFX

Crude Oil Prices look set to make Wednesday a second day of falls as the market still looks keen on taking some profit after this month’s rise to highs not seen since October. News that US stockpiles increased very markedly […]


Energy, Industries

Ofgem launches consultation on future of energy price cap amid UK net zero push

March 25, 2024

Via: MoneyWeek

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]


Energy, Industries

Oil Update: Russia-Ukraine War Targets Energy Infrastructure

March 22, 2024

Via: DailyFX

Over the past 24 hours, the escalating conflict between Russia and Ukraine has taken a significant toll on energy infrastructure in both countries. In Ukraine, a series of Russian missile strikes targeted critical energy facilities resulting in at least five […]


Energy, Industries

The AI industry is pushing a nuclear power revival — partly to fuel itself

March 7, 2024

Via: NBC News

Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. Now they have another incentive to promote it: artificial intelligence. While generative AI has […]


Energy, Industries

Earnings call: Eversource Energy divests offshore wind interests

February 14, 2024

Via: Investing.com

Eversource Energy (ES) has announced its exit from the offshore wind business, selling its 50% stake in two projects for $1.1 billion amid industry challenges. Despite a reported loss of $1.26 per share in 2023, mainly due to a $5.58 […]


Energy, Industries

World’s largest offshore wind developer cuts back production targets as costs mount

February 7, 2024

Via: Sky News

Orsted, the company developing the Norfolk coast windfarm, Hornsea 3, also suspended shareholder payments in an effort to strengthen its balance sheet. In common with the industry more broadly, Orsted has been hit by high inflation, raised interest rates, project […]


Energy, Industries

Oil prices gain around 1% as Red Sea tension persists

December 21, 2023

Via: Investing.com

Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. […]


Energy, Industries

Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

November 8, 2023

Via: DailyFX

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]


Energy, Industries

Fuel Prices Are Soaring: Who Is Feeling the Pinch?

September 14, 2023

Via: The Wall Street Journal

Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has […]


Energy, Industries

Energy bills ‘expected to fall again but rises on the horizon’

August 18, 2023

Via: Sky News

Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up gas prices. Higher gas prices means […]