Auto Added by WPeMatico
(Reuters) – U.S.-based utility Duke Energy (DUK.N) said on Friday it had filed a plan with the Florida Public Service Commission (FPSC) to recover about $1.1 billion in direct costs associated with the company’s emergency activation and response to hurricanes Debby, Helene and Milton. Severe storms this year forced major U.S. utilities to shut down …
Duke Energy Files to Recover $1.1 Bln in Hurricane Costs Read More »
Summary European majors slow clean energy investments Investors rewarding oil and gas focus New Trump U.S. presidency among big factors in 2025 (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that …
Big Oil Backtracks on Renewables Push as Climate Agenda Falters Read More »
Forecasting hydrogen’s costs By David R Baker Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF. Hydrogen companies worldwide are already struggling with canceled projects and sluggish …
U.S. natural gas futures fell more than 5% on Thursday from a near two-year high in holiday-thinned trade as forecasts for less cold conditions in the short term overshadowed support from a rise in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New …
US Natgas Prices Retreat From 2-Year Peak on Less Cold Forecasts Read More »
(Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the recovery and adaptation costs of climate change …
New York to Fine Fossil Fuel Companies $75 Billion Under New Climate Law Read More »
U.S. liquefied natural gas (LNG) company Venture Global LNG’s tanker Venture Bayou, currently stationed at the Plaquemines LNG export plant in Louisiana, is expected to head to Brunsbuttel, Germany and will likely arrive there by Jan. 8, according to LSEG data The U.S. is the world’s largest exporter of the superchilled gas and a key …
Venture Global’s LNG Tanker Will Likely Head to Germany, LSEG Data Shows Read More »
Shift to electric vehicles, liquefied natural gas cut usage Europe remains biggest destination for American crude exports US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran. Exports of US oil to China …
US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts Read More »
More From Irina Slav I was going to wrap this eventful year with a nice little post of gratitude but, as usual, the news flow has forced me to revise my plans. So much has happened in the last week days failing to report on it would be a real shame. You may want to …
U.S. natural gas futures rose on Tuesday to hover near a 23-month high hit in the previous session, on an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, and forecasts for more cold weather in January leading to increased heating demand than what was previously expected. Front-month gas futures …
US Natgas Prices Rise on Increased LNG Feedgas, Heating Demand Read More »
Summary • API shows US crude stocks fall 3.2 million barrels, sources say • China to ramp up fiscal support for consumption next year • World Bank raises China’s GDP forecast for 2024, 2025 • Coming up: EIA supply report on Friday (Reuters) – Oil edged higher on Thursday in thin holiday trade driven by …
Oil Edges Up on China Stimulus Hopes, US Inventory Drop Read More »
