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Category: Energy


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 […]


Energy, Industries

Energy bills to come down in October – but not for the reason you might think

June 29, 2023

Via: Sky News

The average household will be paying roughly £200 less from autumn than they are from next month, but still “well above” historical levels, energy research specialist Cornwall Insight said. Ahead of Ofgem’s new price cap coming into effect on Saturday […]


Energy, Industries

Regulators told to increase pressure on energy, water and telecoms suppliers amid soaring inflation

June 28, 2023

Via: Sky News

Jeremy Hunt brought in the regulators for the energy (Ofgem), water (Ofwat) and telecoms (Ofcom) sectors, along with the Competition and Markets Authority (CMA) and City watchdog the Financial Conduct Authority (FCA). The Treasury said the FCA would report by […]


Energy, Industries

3 renewable energy stocks to buy

May 31, 2023

Via: MoneyWeek

The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050. However, according to research by the House of Commons, the UK currently lags behind […]


Energy, Industries

Energy price cap set to remain more than £1,000 higher than average pre-pandemic bill

May 19, 2023

Via: Sky News

Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the equivalent of £2,053 per year from July-September. That was down […]


Energy, Industries

US ready to lend Poland $4 billion for nuclear energy plan

April 17, 2023

Via: ABC News

A project to develop small nuclear power reactors in Poland is moving forward, with Polish energy company Orlen and two U.S. government financial institutions signing an agreement Monday. Poland is turning toward energy that is renewable or does not use […]


Energy, Industries

Oil producers’ cuts could boost gasoline prices, help Russia

April 3, 2023

Via: ABC News

Major oil-producing countries led by Saudi Arabia said they’re cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed. Russia is joining in by extending […]


Energy, Industries

Oil rises over 1% on Iraqi supply risks, U.S. crude draw

March 30, 2023

Via: Investing.com

Oil prices rose more than 1% on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region, which offset pressure from a smaller-than-expected cut to Russian supplies. Brent crude futures rose 95 cents, or […]


Energy, Industries

Oil Price Update: WTI and Brent Eye Fourth Consecutive Day of Losses

March 10, 2023

Via: DailyFX

Crude Oil faced renewed selling pressure this morning in what has been a difficult week for the commodity. This followed a positive start to the week as WTI by broke above the 100-day MA for the first time since November […]


Energy, Industries

Crude Oil Price Forecast: Demand Projection Fueled by Chinese Growth Outlook

March 7, 2023

Via: DailyFX

Crude oil is looking for its 6th consecutive positive day this Tuesday which has gathered steam from positivity around the Chinese economy. Although China revised growth forecasts (GDP) higher to 5% after a roughly 3% last year, markets were expecting […]


Energy, Industries

Energy bill support to be extended as price rise looms

March 3, 2023

Via: Sky News

Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. In recent days, the government has asked energy suppliers to prepare for both scenarios, fuelling a widespread […]


Energy, Industries

Natural Gas Price Action Setup: Is This It?

February 28, 2023

Via: DailyFX

The sharp rebound in natural gas in recent days is a sign that bears are getting exhausted. However, it may be premature to assume that the worst is over. Natural gas fell to a 2.5-year low last week before rebounding […]


Energy, Industries

The energy price cap has fallen but the real winner is the government

February 27, 2023

Via: Sky News

Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is reduced. The energy regulator today announced […]


Energy, Industries

High energy prices are here to stay

February 24, 2023

Via: MoneyWeek

Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year. Mainstream media accepted that without question. In fact, the price cap was set at £2,500 […]


Energy, Industries

Natural Gas Price Weekly Outlook: Bearish Rectangle Breakout Spells Trouble?

February 20, 2023

Via: DailyFX

Natural gas prices continued a broader losing streak since the summer of 2022 last week. Following a brief pause on the week of February 6th, the commodity fell 9.5% over the past 5 trading sessions. Prices also confirmed a breakout […]