Summary Markets cautious ahead of Nov. 26 OPEC+ meeting Eyes on whether OPEC+ cuts rolled over or deepened U.S. government data on stockpiles due Wednesday LONDON, Nov 22 (Reuters) – Oil prices slipped on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and …
Oil Prices Dip in Pre-U.S. Thanksgiving Trade Ahead of OPEC+ Cuts Read More »
OTTAWA, Nov 21 (Reuters) – Canada will finance investment tax credits for carbon capture and storage (CCS) and for net-zero energy technologies, following through on previously announced subsidies meant to attract more green investment, its Fall Economic Statement (FES) said on Tuesday. The financing of two of the investment tax credit (ITC) programs, and the …
OTTAWA, Nov 21 (Reuters) – Canada will finance investment tax credits for carbon capture and storage (CCS) and for net-zero energy technologies, following through on previously announced subsidies meant to attract more green investment, its Fall Economic Statement (FES) said on Tuesday. The financing of two of the investment tax credit (ITC) programs, and the …
Canada to Begin Financing Carbon Capture, Says it Will Ramp Up Contracts for Difference Read More »
The basic strategy in the fight to limit climate change is to power everything with electricity, generated from wind, solar or other clean sources. But there’s a problem: Some things can’t easily run on electricity. Think steel mills, cement plants and long-distance passenger jets — they need a clean fuel that can be stored and …
Will White, Blue and Green Hydrogen Fuel a Clean-Energy Future, or Fizzle? Read More »
(Bloomberg) Germany’s Heide oil refinery and its partner Orsted A/S have shelved plans for a green hydrogen plant due to increased investment costs and associated economic risks. This is at least the second such project Orsted has dropped in recent months, after deciding not to proceed with an electrolyzer at the Humber refinery in the UK. The …
Orsted Walks Away From Green Hydrogen Project Citing High Costs Read More »
(Reuters) – The global oil market will see a slight surplus of supply in 2024 even if the OPEC+ nations extend their cuts into next year, the head of the International Energy Agency’s (IEA) oil markets and industry division told Reuters on Tuesday. At the moment, however, the oil market is in a deficit and …
IEA Sees Surplus Oil Supply in 2024 even if OPEC+ Extends Current Cuts Read More »
Summary More OPEC+ cuts likely next year, analysts say U.S. inventory reports seen showing rising crude stocks Coming up: API report, 2130 GMT LONDON, Nov 21 (Reuters) – Oil fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the …
(Reuters) – Siemens Gamesa, the struggling wind division of Germany’s Siemens Energy (ENR1n.DE), plans to cut costs by around 400 million euros ($436 million) by 2026, according to presentation slides posted online ahead of the company’s capital markets day. The goal was to “simplify organization and optimize overhead costs” while the Siemens Gamesa’s onshore wind …
Siemens Energy’s Struggling Wind Unit Unveils $436 million in Cost Cuts Read More »
The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil. The 67-mile long pipeline was closed by Main Pass Oil Gathering Co …
U.S. Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico Read More »
The biggest oil-storage hub in the US — a massive network of tank farms known as the “Pipeline Crossroads of the World” — is rapidly losing its primacy as a signal for domestic supply and demand. For decades, traders watched inventory levels at Cushing, Oklahoma, to track US crude balances, but the US’s increasing integration …
Oil Traders Struggle as Decades-Old Signal of U.S. Market Weakens Read More »
