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Tumble in Storage Battery Costs to Boost Shift to Renewables, Says IEA

Batteries, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News / By

A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake The slide in battery costs will also help provide electricity to millions of people without access, cutting by nearly half the average electricity costs of mini-grids with solar PV …

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Refiner Valero Beats Profit Estimates on Resilient Demand, Tight supplies

Energy Topics & Technology, Latest, Refineries, US News / By

(Reuters) – Refiner Valero Energy beat first-quarter profit estimates on Thursday, benefiting from sustained demand as crude supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries. Crude supplies came under pressure as Ukrainian drone attacks had shut about 14% of Russia’s refining capacity, as of the end of the March quarter. …

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Precision Drilling announces 2024 first quarter unaudited financial results

Energy Topics & Technology, Latest, OFS-Oilfield Services, Press Releases / By

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This …

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U.S. Refiners’ Profits to Fall From Last Year But Margins Remain Strong

Energy Topics & Technology, Latest, Refineries, US News / By

Summary Analysts see upside for top refiners Geopolitical risks keep oil prices elevated War-related supply disruptions to keep margins strong NEW YORK, April 24 (Reuters) – U.S refiners’ first quarter profits are expected to fall from recent records, when earnings soared following Russia’s invasion of Ukraine in 2022, but overall will continue to draw support …

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EQT Cuts Sales Guidance, Plans to Curtail Production Through May

Energy Topics & Technology, Exploration & Production, Latest / By

EQT Corp., the largest US producer of natural gas, is now taking output cuts through May as prices hover near four-year lows because of weak demand. The company also reduced its sales guidance for 2024. The move underscores that this year’s low natural gas prices aren’t sustainable for the industry. US gas futures have touched …

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