Energy News Beat Key Takeaways 1. The Biden Administration announced a new “social cost” of carbon dioxide almost 4 times higher than President Biden’s interim number based on the Obama administration’s metric. 2. The new number will make it easier for the Biden Administration to justify stopping projects, denying permits and raising the cost of […]
Energy News Beat Today LONDON : Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi Arabia and Russia lobbied OPEC+ members to join output cuts. Source: Reuters Brent crude futures were up […]
Energy News Beat The official numbers have been crunched at long last, and there is now a definitive answer to how much more Rocky Mountain Power rates will be for at least the first part of its two-part rate increase requests. According to an email from the Wyoming Public Service Commission to Cowboy State Daily, […]
Energy News Beat 27 EU member ministers agreed at a meeting this week that nuclear power should be included in the list of acceptable strategic technologies. With this new position, the number of strategic net-zero technologies available to members increases from 8 to 10. The Net-Zero Industry Act is the foundation of the EU’s push […]
Energy News Beat The Fed has now shed 29% of Treasuries it had added during pandemic QE starting in March 2020. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) continues on track, and the unwinding of the March bank-panic measures took a leap forward as the FDIC paid off the rest of its loans from […]
Energy News Beat US News MOSCOW – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy only days after a fractious meeting of the producers’ club. Source: Reuters “They stressed the importance of […]
Energy News Beat Nasdaq DUBAI – The global nuclear industry got a morale boost at the COP28 climate summit in Dubai after more than 20 nations vowed to triple capacity by 2050. But reaching that goal will require the industry to overcome regulatory hurdles, financing obstacles, fuel bottlenecks, and public safety concerns that have contributed to a […]
Energy News Beat World Oil (Bloomberg) – Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the U.S. eased sanctions. Source: Reuters The Spanish and Italian companies are hammering out contract terms between […]
Energy News Beat Fund Ukraine or your children will have to fight Russia, X host claims Congress was told US Secretary of Defense Lloyd Austin reportedly told members of Congress that unless they approve more funding to Ukraine, Americans will be sent to fight Russia directly, former Fox News host Tucker Carlson said on Thursday. […]
Energy News Beat The Ukrainian government on Thursday requested emergency assistance from Poland, Romania, and Slovakia as freezing temperatures caused a shortage of power in the electrical grid, the state utility Ukrenergo has said. Demand for electricity grew higher than what the Ukrenergo grid could support as snow fell in Kiev and the thermometers dropped […]
