The burgeoning interest in uranium as a cornerstone for sustainable energy solutions underscores its vital role in the transition towards greener alternatives. As discussions around cleaner fuel sources gain momentum, the spotlight turns to uranium’s significant advantage in power generation efficiency. One uranium pellet, for instance, can produce a substantial amount of electricity, far outstripping […]
US power and natgas prices soar as extreme freeze hits natgas supplies
reuters | January 13, 2024
By Scott DiSavino (Reuters) -U.S. natural gas and power prices hit multi-year highs on Friday ahead of extreme cold that was expected to bring record gas demand while also cutting supplies by freezing wells. Lower gas supplies at a period of surging demand could test power systems in hard-hit areas. Winter storms in 2021 and […]
Oil climbs 2% on Mideast conflict and Libya outage
reuters | January 9, 2024
By Nicole Jao NEW YORK (Reuters) -Oil prices climbed around 2% on Tuesday as the Middle East crisis and a Libyan supply outage pared the previous day’s heavy losses. Brent crude futures settled $1.47, or 1.9%, higher at $77.59 a barrel, while U.S. West Texas Intermediate crude (WTI) ended $1.47, or 2.1%, higher at $72.24. […]
SolarEdge sees moderate growth in U.S. solar industry this year
reuters | January 5, 2024
By Nicole Jao NEW YORK (Reuters) – The U.S. solar industry will experience modest growth in 2024, as electricity prices decline and support from the Inflation Reduction Act (IRA) rolls in, SolarEdge Chief Financial Officer Ronen Faier said on Thursday. “We’ve bottomed in the last two quarters,” Faier told investors at a Goldman Sachs conference […]
Oil prices settle down 3% as Red Sea shipping disruptions ease
reuters | December 28, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March delivery settled down $2.39, or 3%, at $77.15. Brent futures for […]
US offshore wind poised for success next year after turbulent 2023
reuters | December 22, 2023
By Scott DiSavino NEW YORK (Reuters) – The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. […]
Oil settles up on Red Sea tensions; gains capped by US stock builds
reuters | December 20, 2023
By Laura Sanicola (Reuters) -Oil prices settled slightly higher after a choppy trading session on Wednesday as investors worried about global trade disruption and tensions in the Middle East following attacks on ships by Yemen’s Iran-aligned Houthi forces in the Red Sea. Limiting price gains were a surprise U.S. crude inventory build, larger than expected […]
Oil prices take a small loss in seesaw session
reuters | December 15, 2023
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude futures finished at a small loss following a see-saw session, in which prices fell more than $1 a barrel at one point on Friday, as traders tried to reconcile mixed signals for oil demand in the coming year. Brent futures settled down 6 cents, or […]
Oil drops to 6-month low on weak economic outlook, high U.S. supply
reuters | December 7, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell on Thursday to six-month lows, as investors worried about sluggish energy demand in the United States and China while output from the U.S. remains near record highs. Brent crude futures dropped 25 cents to $74.05 a barrel. U.S. West Texas Intermediate crude futures fell 4 cents […]
Global wind power outlook takes hit from US weakness, China slowdown -WoodMac
reuters | December 6, 2023
(Reuters) – The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and project execution in China, consultancy Wood Mackenzie said on Tuesday. Orsted, the world’s largest offshore windfarm developer, energy giants BP and Norway’s Equinor […]