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Summary Move marks latest effort to increase oil reserve after 2022 sale Unclear how much money is left to buy more oil Future SPR replenishment depends on Congress amid political challenges (Reuters) – The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery …
US Seeks Up to 3 Million Barrels of Oil for Emergency Reserve Read More »
WASHINGTON, Oct 30 (Reuters) – The Bill Gates’ funded reactor company TerraPower and ASP Isotopes said on Wednesday they have struck a deal to produce a new fuel, now only made in commercial amounts in Russia, for an expected next generation of nuclear power plants. WHY IT’S IMPORTANT Nuclear power gets support from both major U.S. …
Gates-Backed Reactor Company, ASP Isotopes Plan Plant to Make Nuclear Fuel Read More »
Summary Brent, WTI inch up 0.5% Markets eye potential Israel-Hezbollah peace deal U.S. crude inventories unexpectedly fall – API To come: US EIA weekly data at 1430 GMT (Reuters) – Oil prices held steady near one-month lows on Wednesday, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and …
Oil Hovers Near One-Month Lows With Supply Drivers Back in Focus Read More »
The upcoming U.S. election could pose a bearish risk to global natural gas markets, specifically liquefied natural gas (LNG), despite the anticipated limited near-term impact on domestic markets, Goldman Sachs said on Tuesday. “Any significant changes to U.S. sanctions or tariff policies would potentially soften LNG and thus European and Asian gas markets at the …
U.S. Elections Pose Bearish Risk to Global LNG Markets, Goldman Says Read More »
Republican Donald Trump and Democrat Kamala Harris have a couple of things in common on the issue of U.S. energy policy: both say they want to expand production and keep prices down for consumers. The core difference is that Harris says she wants to do so in a way that favors clean energy technologies crucial …
How do Trump and Harris Differ on Energy Policy? Read More »
Climate goals, data centers driving interest in atomic sector Amazon, Google, Microsoft have recently done power deals Some of the world’s biggest managers of private capital are making moves to finance and invest in nuclear power plants, latching onto a revival in the sector driven in part by tech giants’ electricity-intensive AI ambitions. Carlyle Group …
Private Equity’s Next Bet on Artificial Intelligence Is Nuclear Energy Read More »
(Reuters) – President Joe Biden’s administration on Tuesday will kick off a sale of offshore wind development rights for eight areas off the coasts of northern New England, a key test of industry appetite for new investment after a year of high-profile setbacks. The auction of nearly 1 million acres (404,680 hectares) in the Gulf …
US Gulf of Maine Offshore Wind Auction Poses Test for Beleaguered Industry Read More »
Commentary By Gavin Maguire (Reuters) – An enduring drought across much of the western United States has caused a drop in U.S. hydro power generation to a 23-year low so far in 2024, data from the U.S. Energy Information Administration (EIA) shows. The fall in hydro generation has been somewhat overshadowed by the climb in …
U.S. Dispatchable Clean Power Output Hit by Hydro Slump Read More »
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for crude spiked globally on October 2 after Iran fired nearly 200 missiles into Israel, part of a series of rapidly escalating attacks between Israel and …
U.S. natural gas futures dropped about 8% on Monday on forecasts for mild weather through at least mid-November, less demand next week than previously expected and an increase in output in recent days. Another factor weighing on gas prices was a 6% drop in oil futures on Monday after a limited Israeli attack on Iran …
U.S. Natgas Prices Drop 8% on Mild Forecasts, Rising Output Read More »
