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Global Energy Consumption Forecasting in the Age of Climate Change – Yogi Schulz

CDN and International News, Energy Commentary, Energy Topics & Technology, Environment, Forecasts, Latest / By

By Yogi Schulz Energy consumption forecasting has become more complex due to economic and population growth uncertainties. While the pace of the energy transition will not determine global energy consumption, it will determine the mix of various energy sources throughout the forecast period. Forecasting how the mix of various energy sources will evolve adds more …

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Producing Lithium Is Slow and Dirty. Is There a Fix?

CDN and International News, Critical Minerals, Energy Topics & Technology, Latest, Minerals / By

By Annie Lee Lithium ore at a mine in Minas Gerais state, Brazil.Photographer: Dado Galdieri/Bloomberg A substance seen as critical to the green energy revolution, lithium, is at risk of a future supply crunch. Even though a recent surplus of the metal has been crashing prices, demand for lithium is set to grow by almost …

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US Crude Stockpiles Jump as Imports Climb, Gasoline Builds as Refineries Ramp Up, EIA says

Conventional Energy, Latest, Oil, US News / By

U.S. crude oil inventories rose sharply last week as imports ticked higher, while gasoline stocks rose unexpectedly as refineries ramped up output after seasonal maintenance, Energy Information Administration (EIA) data showed on Wednesday. Crude inventories rose by 5.5 million barrels to 426 million barrels in the week ending Oct. 18, the EIA said, compared with …

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Shell to acquire combined-cycle power plant in priority U.S. trading market

Latest, Press Releases / By

HOUSTON, Oct. 23, 2024 /CNW/ — Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has signed an agreement to acquire a 100% equity stake in RISEC Holdings, LLC (RISEC), which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, USA. This acquisition secures long-term supply and capacity offtake for Shell in the …

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NextEra Beats Third-Quarter Profit Estimates on Renewables Strength

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, US News / By

Oct 23 (Reuters) – NextEra Energy’s third-quarter profit beat Wall Street estimates on Wednesday, helped by strength in its renewables unit. Growing demand from AI-backed data centers, along with homes and businesses using more electricity for heat and transportation, has brightened forecasts for utilities this year. The S&P index tracking utilities  jumped 18.4% in the third …

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U.S. Fuelmakers to Report Lower Q3 profits on Weaker Margins, Fuel Demand

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins to record levels. U.S. gasoline …

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