Month: April 2021

(Bloomberg) — Oil surpassed $65 a barrel, the highest since mid-March, as signs of strengthening demand from the U.S. to China stoked optimism that key markets are turning a corner in their recovery from the pandemic. U.S. benchmark crude futures rose 1.8% on Thursday for a third straight daily gain. Major cities in the U.S.
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Installing solar over abandoned landfills is generally viewed as a win-win solution for waste and energy management. Yes, converting a detrimental disposed waste infrastructure to scale up renewable energy in the electricity generation portfolio certainly presents challenges. It also offers opportunities. Renewable solar energy goals help to restore and stabilize degraded land. Instead of occupying
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In this article SHLX A logo at a Royal Dutch Shell Plc gas station in Rotterdam, Netherlands, on Tuesday, April 27, 2021. Peter Boer | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported marginally better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery.
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(Bloomberg) — Oil advanced to the highest in over a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption. Futures in New York jumped 1.5% on Wednesday, posting the largest back-to-back daily gains in two weeks. A U.S. government report showed
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Rising penetrations of variable renewable energy (VRE) in power systems are expected to increase curtailment — the reduction of renewable energy delivered due to oversupply or lack of system flexibility. But while curtailment may be the new normal in the evolving grid, and can even be managed in a way that makes the grid more
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(Bloomberg) — Oil climbed by the most in nearly two weeks with the OPEC+ alliance and BP Plc pointing to signs of a robust demand recovery taking shape in parts of the world. Futures in New York jumped 1.7% on Tuesday. An OPEC+ committee decided this week to move forward with a planned gradual crude production increase,
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(Bloomberg) — Oil slipped with the rapid resurgence of Covid-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+ projected a strong global demand recovery this year. Futures in New York closed 0.4% lower on Monday. While an OPEC+ technical committee raised its global oil demand growth
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