California lawmakers on Thursday voted to extend the life of the state’s only nuclear power plant by five years, and approved several other measures to bolster the state’s already aggressive Continue Reading
Nadhim Zahawi, U.K. chancellor of the exchequer, said he was confident the price cap plan would succeed. “I’m confident that tomorrow we’re going to be able at the G-7 get Continue Reading
While the Inflation Reduction Act may have a debatable impact on inflation, there is no doubt that it will be a boon for the renewable energy sector. The act allocated Continue Reading
Amid the extreme heat that began on Wednesday and is expected to last until early next week, Californian electricity consumers have been urged not to charge their electric vehicles during Continue Reading
U.S. natural gas consumption for power generation hit a record high in July, and demand for the energy source is only growing around the world. While natural gas prices in Continue Reading
California officials declared a statewide grid emergency. California officials declared a statewide grid emergency to cope with surging demand for power amid a blistering heat wave, raising the prospect of Continue Reading
Since Monday, the national average for a gallon of regular gasoline dropped three cents to $3.82. According to new data from the Energy Information Administration (EIA), gas demand increased slightly Continue Reading
Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long Continue Reading
The landmark climate law signed by US president Joe Biden last month contains billions of dollars of financial carrots to reward investment in clean energy. The lone stick has been Continue Reading
A flex alert is issued by the ISO when the electricity grid is under stress because of generation or transmission outages, or from persistent hot temperatures. The California Independent System Continue Reading
The European Union is on track to beat targets for filling gas storage, but analysts warn the bigger factor for energy security this winter will be whether countries can slash Continue Reading
Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil (LKOH.MM) , died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, Continue Reading
The U.N. nuclear agency chief said his experts were staying put after they crossed on Thursday into Russian-held territory in Ukraine and reached Europe’s biggest nuclear power plant, where both Continue Reading
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Inflation is grabbing all the headlines, but the crumbling pound is threatening to make things even bleaker for the UK’s economy this winter. Fresh from posting its worst monthly performance Continue Reading
Saudi Arabia’s oil and gas giant Saudi Aramco could take a stake in French automaker Renault ’s (OTCPK: RNSDF) future thermal engine business after it separates it from its electric Continue Reading
Due to skyrocketing energy prices, Britons could soon face higher costs for charging their electric vehicles (EVs) at home than filling up gasoline-fueled cars, The Washington Times reports . The Continue Reading
Operator data on requests for gas on the Nord Stream 1 pipeline from Russia to Europe suggest flows should resume from Saturday morning when Gazprom (GAZP.MM) said maintenance work will Continue Reading
For eight days in late August, the Port of Felixstowe — usually a scene of constant motion as Britain’s busiest container shipping dock — was almost devoid of activity, with Continue Reading
As a team of international monitors assessed conditions at the Zaporizhzhia nuclear power plant in the middle of a raging war zone on Friday, Ukraine accused Russia of offering only Continue Reading
Oil prices continued to slide on Wednesday on investor worries about the ailing state of the global economy, bearish oil demand signals from OPEC+ and increased restrictions to curb COVID-19 Continue Reading
Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cut. Continue Reading
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, March 21, 2016. REUTERS/Leonhard Foeger LONDON, Aug 30 (Reuters) – Oil Continue Reading
As governments around the world struggle with a seemingly insurmountable energy crisis, policymakers are reconsidering nuclear energy as a possible solution. Natural gas prices continue to break record highs, making Continue Reading
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Continue Reading
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger Aug 31 Continue Reading
A Hyprep remediation site in Eleme, near Port Harcourt, in 2019. Mismanagement, waste and lack of transparency are making the cleanup in the Niger Delta’s Ogoniland anything but exemplary, UN Continue Reading
Oil refinery The agreement will help Nigeria side-step the likely crude oil glut that will follow as more countries move away to cleaner energy. The Nigerian government says it has Continue Reading
Muqtada al-Sadr on Tuesday gave a speech condemning Monday’s violence and ordering his followers to stop even the peaceful protests that he had earlier ordered. Sadr’s followers appeared to obey Continue Reading
No Single White Knight for China Property Market Bloomberg News Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s Continue Reading
Country Garden reported 96% profit slump, worst since listing China Vanke saw net income climb 11% as it defied the slowdown Bloomberg News China’s two biggest property developers saw contrasting Continue Reading
U.S. gasoline futures settled at $2.6944 per gallon on Tuesday, its lowest close since Feb. 18, before Russia’s invasion of Ukraine. The Ukraine crisis had roiled energy markets, pushing up Continue Reading
Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months. Distillate fuel inventories in the Continue Reading
Texas manufacturing growth in August dropped to its lowest level since May 2020 and the retail sales index stayed negative for the sixth consecutive month, also similar to the pandemic Continue Reading
Russia’s Gazprom (GAZP.MM) said on Tuesday it would fully suspend gas deliveries to major European utility Engie (ENGIE.PA) from Thursday in a dispute over contracts, a move which will deepen Continue Reading
Engie says it has been informed by Russian energy giant Gazprom of a reduction in gas deliveries starting Tuesday. European energy prices plunged on signs that the region is stepping Continue Reading
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some Continue Reading
Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the Continue Reading
Ukrainian forces have had “successes” in three areas of the Russian-occupied region of Kherson, a Ukrainian regional official said on Wednesday, two days after Kyiv announced the start of a Continue Reading
Economy and Climate Minister Robert Habeck addresses the media after a closed German cabinet meeting at the government’s guest house in Schloss Meseberg, near Gransee, Germany August 31, 2022. REUTERS/Michele Continue Reading
The logo of Gazprom is seen on the facade of a business centre in Saint Gazprom is using a mere excuse to switch off natural gas deliveries to its French Continue Reading
Nat. Gas Sets Path of Price Increases When German utility Uniper SE on Monday requested another 4 billion euros in bailout loans, it didn’t mention some key beneficiaries of the Continue Reading
As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would Continue Reading
The team of inspectors from the International Atomic Energy Agency (IAEA) left Kyiv on Wednesday en route to the Zaporizhzhya nuclear power plant in southeastern Ukraine to inspect the damage Continue Reading
Europe faces the risk of blackouts, rationing and a severe recession. Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the Continue Reading
Oil moved below $96 a barrel, retreating from its biggest gain in more than a month as traders weighed potential supply disruptions, including the possibility of an OPEC+ output cut. Continue Reading
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… Citizens around the world can Continue Reading
Human-driven climate change has set in motion massive ice losses in Greenland that couldn’t be halted even if the world stopped emitting greenhouse gases today, according to a new study Continue Reading
Iran is pressing ahead with its rollout of an upgrade to its advanced uranium enrichment programme, a report by the U.N. nuclear watchdog seen by Reuters on Monday showed, even Continue Reading
BAGHDAD (AP) — An influential Shiite cleric announced Monday that he would resign from Iraqi politics, prompting hundreds of his angry followers to storm the government palace and sparking clashes Continue Reading
