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Rice
Crude Oil
US Crude Oil Pipeline Squeeze Boosts Prices At Gulf Coast Export Hub
The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the…
Distributed Grid
UK Power Hits 11-Month High as Reliance on Europe Reaches Record
UK power prices jumped to their highest in almost a year as the country imports electricity from Europe at record levels.The day-ahead price for delivery Tuesda…
Oil Price
Exxonmobil’s Q3 2024 Net Income Drops By 5% To $8.6bn
ExxonMobil has reported a net income of $8.61bn for the third quarter of 2024 (Q3 2024), down by 5.1% from $9.07bn recorded in the same period last year.In the …
Battery
Tesla Releases Powerwall 3 Expansion Units For More Capacity At Lower Price
Tesla has added a new product to its residential battery energy storage offering, making it possible for Powerwall 3 owners to expand their systems more afforda…
Natural Gas
Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs
espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…
Solar Panel
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by hig…
United States
US Governors Push Back on PJM After Record-High Power Plant Prices
A group of five governors on Tuesday urged PJM Interconnection, the largest U.S. grid operator, to change the process it uses to determine the price paid to pow…
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Oil Price
BP Beats Estimates Despite Lower Oil Prices
FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter.On Tuesday, it posted an underlying replacement cost profit, used as a pr…
Oil Price
Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data
Oil steadied — after tumbling the most in more than two years on Monday — as the market focused on the prospect for easing hostilities in the Middle East and …
China
China’s Cobalt King Hits Output Goal Months Ahead of Schedule
The world’s No. 1 cobalt miner smashed through its full-year output target last quarter after a speedy ramp-up that’s piled pressure on global price…
Electricity Trade
Spanish Renewables Industry Warns Of Threats To Investment
The mismatch between increasing supply of renewable power and electricity demand that is struggling to grow, coupled with depressed wholesale power prices, thre…
Oil Price
Italy's Eni To Boost Buyback After Quarterly Earnings Beat Expectations
Italian energy group Eni (ENI.MI), will increase its share buyback programme to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter p…
Oil & Gas Trade
Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure
Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its ful…
Oil&Gas Drilling
Six-Well North Sea Drilling Campaign With $690 Million Price Tag Coming up Next Year to Unleash More High-Value Barrels
Norwegian oil and gas player Vår Energi has greenlighted a final investment decision (FID) for a multi-well drilling program, which aims to develop the ne…
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