China Ramps Up US Oil Purchases
China has ramped up purchases of American crude in the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses. (Bloomberg) — China, the world’s biggest Continue Reading
China evacuates 100,000 as floods threaten heritage site
Floods on the upper reaches of China’s Yangtze river forced authorities to evacuate more than 100,000 people on Tuesday and threatened a 1,200-year-old world heritage site. Staff, police and volunteers Continue Reading
S&P 500 Sets First Record Since February, Erasing Its Coronavirus Plunge
The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability to manage the Continue Reading
Oregon senators prepare bills to rein in eminent domain use for gas projects
Two Democratic Oregon US senators are readying legislation that would impose new constraints on the use of eminent domain for interstate natural gas projects, particularly those targeting exports. Receive daily Continue Reading
Henry Hub rally continues, supported by stumbling production, rising demand
Henry Hub gas prices continue to test new annual highs in recent trading as stalling US gas production and rising LNG and industrial demand buoy the cash, futures and forwards Continue Reading
Record High for U.S. Stocks Leaves Rest of the World Far Behind
As the rest of the world woke up Wednesday to all-time highs for U.S. stocks, it would be the only natural for a wave of jealousy to accompany the incredulity. Many global markets, Continue Reading
Two Atlantic tropical storms may form soon, with more to come
Two tropical disturbances in the Atlantic are likely to develop into tropical cyclones during the next week, with tracks that favor eventual impacts on land. The reawakening of the ocean Continue Reading
Dozens of US nuclear power plants at risk due to climate change: Moody’s
Dozens of US nuclear power plants, comprising nearly half the country’s operational nuclear generating capacity, “will face growing credit risks” in the next 10 to 20 years due to flooding, Continue Reading
US utilities, power providers continue plans to accelerate coal retirements
US coal producers are already in a tough spot, but the hints power generators dropped on second-quarter earnings calls suggest they may soon be announcing plans to retire even more Continue Reading
California hopes to avoid outages again during heat wave, prices hit records
Power prices in the U.S. West soared to record highs for a second day on Tuesday, and California utilities urged consumers to conserve energy to avoid more rotating outages as Continue Reading