Category: Energy News Beat

Energy News Beat Yahoo Finance (Reuters) -Oil prices fell 2% on Thursday, largely unwinding an earlier rally, as massive weekly gasoline and distillate stock builds overshadowed a larger-than-expected crude stock draw. Brent crude fell by $1.57, or 2%, to $79.01 a barrel by 11:23 a.m. EDT, after earlier rising over $1. U.S. West Texas Intermediate […]

Energy News Beat Complements and enhances APA’s asset base in the Permian Basin; expected to be accretive to key financial metrics; Adds to APA’s high-quality, short-cycle development inventory and increases oil mix; and Strengthens APA’s position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) […]

Energy News Beat DRAKESBORO, Ky. (KT) – Three new state-of-the-art natural gas units designed to withstand temperature extremes are now online at the Tennessee Valley Authority’s (TVA) Paradise Combined Cycle Plant in Drakesboro, just in time for winter weather. The combustion turbine units, which are designed to start within minutes when electricity demand increases, add […]

Energy News Beat It will take some time until the official figures are available, but last year the German economy likely shrank. Looking back, economists and industry associations have rarely been so unanimous in their views: 2023 was a year of stagnation. The signs for 2024 don’t look encouraging either. Or as Moritz Kraemer, the chief economist at Landesbank […]

Energy News Beat At the meeting of the Standing Committee of the State Council, chaired by Chinese Premier Li Qiang, approval was granted for units 3 and 4 at China General Nuclear’s (CGN’s) existing Taipingling nuclear power plant in Guangdong province, as well as units 1 and 2 at China National Nuclear Corporation’s (CNNC’s) new […]

Energy News Beat One of the frequent boasts then-candidate Joe Biden made during his 2020 run for the presidency was that his administration would mount a frontal assault on the domestic oil and gas business, outlaw hydraulic fracturing and put policies in place that would assure the industry was out of business within a decade. […]

Energy News Beat Copper is headed for a price spurt over the next two years, as mining supply disruptions coincide with higher demand for the metal. Rising demand driven by the green energy transition and a decline in the U.S. dollar strength come the second half of 2024 will fuel support for copper prices. Copper […]