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Energy / Energy-General

U.S. Electricity Prices Surge Amid Grid Strains and Rising Demand

Jul 23, 2024 at 12:19 | Tsvetana Paraskova

U.S. consumers are set to pay higher electricity bills as power providers raise investments in much-needed grid improvements amid an old power system that is not designed to cope with…

Porsche Shares Slide as Sportscar Maker Slashes Revenue Forecast

Jul 23, 2024 at 11:10 | ZeroHedge

Shares of the German sportscar maker Porsche slid on Tuesday after the company slashed its full-year revenue forecast. The automaker warned that a snarled supply chain involving aluminum parts from a supplier…

Oil Prices Under Pressure Despite Bullish Catalysts

Jul 23, 2024 at 08:48 | Michael Kern

Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden's decision to drop out of the presidential race.

5 Highest Paying Oil & Gas Dividend Stocks for This Summer

Jul 22, 2024 at 17:44 | Alex Kimani

The U.S. stock market is enjoying another banner year with five sectors boasting double-digit returns in the year-to-date. The S&P 500 Energy Sector has returned 10.4% YTD, below the S&P 500 average return at…

Stock Market’s Short-Term Focus Threatens Energy Transition Goals

Jul 22, 2024 at 15:47 | Irina Slav

The energy transition would need a major change in the mentality of stock market investors to succeed. Investors’ focus on relatively fast returns and immediate financial performance right now makes…

South Korea Could Lead the Way in a Successful Nuclear Renaissance

Jul 22, 2024 at 12:18 | Leonard Hyman & William Tilles

The Czech government (which controls power company CEZ) has chosen South Korea’s Korea Hydro and Nuclear Power (KHNP) to build up to four new gigawatt-scale reactors at the country's two…

Geomagnetic Storms Could Devastate Washington DC's Power Supply

Jul 22, 2024 at 10:14 | ZeroHedge

We have previously noted the early indicators of the sun's upcoming 11-year solar cycle. Currently, Solar Cycle 25 is at its peak, known as the 'solar maximum,' characterized…

European Natural Gas Prices Fall as Freeport LNG Resumes Operations

Jul 22, 2024 at 09:03 | Charles Kennedy

Europe’s benchmark natural gas prices slumped on Monday to the lowest level in one week after the U.S. export facility Freeport LNG resumed some operations following a shutdown due to…

U.S. Oil, Gas Drilling Activity Sees Rebound

Jul 19, 2024 at 12:21 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total…

China's Largest Oil Refiner Sees Almost No Throughput Growth

Jul 19, 2024 at 09:32 | Alex Kimani

China's largest oil refining company, China Petroleum & Chemical Corp., aka Sinopec, processed 126.69 million metric tons of crude oil or 5.08 million barrels per day (bpd) in the first…

Oil Prices Under Pressure as Concerns Mount Over Chinese Demand

Jul 19, 2024 at 09:06 | Michael Kern

While there is plenty to be bullish about in oil markets today, rising concerns over Chinese demand are weighing on oil prices.

Russia's Seaborne Oil Exports Plunge

Jul 19, 2024 at 07:57 | Editorial Dept

1. Russia Seaborne Oil Exports Plunge on OPEC+ Compliance and Higher Runs - Russia’s crude oil exports have 

Houthi Tanker Attack Causes 200-Kilometer Oil Slick

Jul 19, 2024 at 04:56 | Editorial Dept

Politics, Geopolitics & Conflict An oil tanker struck by Houthis in the Red Sea earlier this week has exploded, leaving a 200-kilometer-long oil slick. The Liberian-flagged tanker, the Chios Lion,…

Israeli Drone Strike Kills Syrian Oil Kingpin

Jul 19, 2024 at 04:54 | Editorial Dept

An Israeli drone strike this week along the Beirut-Damascus road on Syria’s border with Lebanon killed a key Syrian businessman who also serves as the regime’s oil supply kingpin. The…

3 Stocks Set to Outperform if Trump Wins in November

Jul 19, 2024 at 03:48 | Editorial Dept

Unless you live under a rock, you are probably aware that there was an attempt on Donald Trump’s life this week. So far, the knee-jerk reaction of many of his…

Bearish Risks Remain Despite a Tight Oil Market

Jul 19, 2024 at 03:44 | Editorial Dept

Crude oil prices demonstrated resilience this week, recovering from early losses to finish higher on Thursday. Despite conflicting economic signals globally, several key factors fueled a bullish sentiment in the…

Oil Prices Are Heading for a Second Consecutive Weekly Decline

Jul 19, 2024 at 02:23 | Tsvetana Paraskova

Oil prices fell in Friday trade in Asia and were poised for a second straight weekly decline as concerns about demand more than offset falling U.S. crude inventories and rising…

Utilities Must Adapt, Not Just Respond To Extreme Weather

Jul 18, 2024 at 09:53 | Leonard Hyman & William Tilles

After electricity is restored in Houston, people may ask with respect to future electricity reliability: what’s next? Well, in Houston we would characterize Centerpoint’s response as being more or less…

UK's North Sea Oil Ban: Who Benefits, and at What Cost?

Jul 18, 2024 at 08:27 | City A.M

Fossil fuels will remain part of the energy mix for decades to come – if we don’t extract our own resources from the North Sea, our loss will…

NATO Wrestles with Chinese Influence in Member States

Jul 18, 2024 at 08:23 | RFE/RL staff

In a NATO summit in Washington centered on the war in Ukraine and extending support to Kyiv, the Western military alliance also took aim at China for being…

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