MELBOURNE, Sept 4 (Reuters Breakingviews) – On the surface, offering a near-100% premium for an as yet unproductive lithium miner may seem over the top. Dig down a bit, though, and U.S.-based Albemarle’s (ALB.N) A$6.6 billion($4.3 billion) sweetened all-cash offer on Monday for Australian rival Liontown Resources has financial merit, as well as offering each side a …
Lithium Miners’ $4.3 Bln Dance is a Two-Way Hedge Read More »
The biggest US companies are badly trailing their Chinese counterparts when it comes to generating income from solar, wind, nuclear and other types of renewable energy. Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai Composite Index earn, according …
China Leaves U.S. Behind in Race for Renewables Income Read More »
Oil’s having a rocky year, swung by jitters over China’s slowdown, OPEC+ supply cuts, and the fallout from the Federal Reserve’s tightening campaign. The tensions wrongfooted many traders as prices sank, then recovered. Now, what comes next is up for debate in Singapore. Producers, hedge funds, analysts and traders will all converge on the Southeast …
Oil Industry Elite Hits Singapore to Debate Crude’s Next Twist Read More »
Sept 1 (Reuters) – The U.S. government on Friday sued Southern California Edison, accusing the Edison International (EIX.N) unit of negligence that caused the 2020 Bobcat Fire, which burned close to 180 square miles (466 sq km) in one of the largest wildfires ever in Los Angeles County. In a complaint filed in Los Angeles federal …
U.S. Sues Southern California Edison Over 2020 California Wildfire Read More »
U.S. energy firms this week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future production, fell by one to 631 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Eighth Week in a Row – Baker Hughes Read More »
U.S. natural gas futures climbed about 2% to a three-week high on Friday on a drop in daily output and forecasts for continued hot weather. Capping those gains was a predicted reduction in gas use next week due in part to the three-day U.S. Labor Day holiday weekend, and forecasts that the amount of gas …
U.S. natgas prices up 2% to 3-week high on output decline, hot forecasts Read More »
U.S. energy firms this week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future production, fell by one to 631 in the week …
US Drillers Cut Oil and Gas Rigs for Eighth Week in a Row – Baker Hughes Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE How the growth happened The growth of wind and solar energy sources across the world since 2010 has been remarkable. Both wind and solar power have seen substantial increases in capacity, driven by falling costs, technological advancements, and a growing recognition of …
INFOGRAPHIC: The Growth of Wind and Solar – ENERGYminute Read More »
LONDON, Sept 1 (Reuters) – Oil prices jumped by more than 1% on Friday and were on track to snap a two-week losing streak, bouyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day (bpd) oil production cut into October, prolonging supply curbs engineered by …
Summary Brent likely to stay above $80/bbl for the rest of 2023 China recovery key to demand growth For a table of crude price forecasts, click Aug 31 (Reuters) – Analysts have raised their 2023 oil price forecasts for the first time in four months with OPEC+ output cuts expected to keep supply tight, offsetting …
Oil price forecasts raised as OPEC cuts seen offsetting China gloom Read More »
